GlobeNewswire by notified

H1, 2022

Share

To Nasdaq OMX Copenhagen A/S

Company announcement no. 533
November 22nd, 2022


INTERIM REPORT APRIL 1ST, 2022 – SEPTEMBER 30TH, 2022 (H1 2022)

The H1 2022 report of the fiscal year was reviewed and approved at the Board of Directors meeting.

Highlights

  • The revenue for H1 2022 amounted to DKK 69,5 million (2021/22: DKK 67,5 million), which is in line with expectations.
  • The gross profit amounted to DKK 18,7 million in H1 2022 (2021/22: DKK 20,5 million), the gross profit margin was 26,9% (2021/22: 30,4%)
    • The margin decline compared to last year relates to higher prices due to inflation on i.e. mechanical parts, electronic components, electricity, and gas. The price increases have not been fully covered by increases in sales prices.
    • The challenges of securing especially electronic components and materials on time have increased, which has caused less efficiency within the manufacturing area.
  • The guidance includes a positive fair value adjustment on the investment property in Selandia Park at DKK 6 million. The adjustment is based on the renewed rental agreements and the significant rent increase driven by the higher inflation.
  • EBITDA for the period was DKK 8,3 million (2021/22: DKK 11,3 million.)
  • Profit before tax for the period H1 2022 was DKK 6,5 million (2021/22: DKK 6,7 million), corresponding to a result per share (EPS) at 2,8 DKK (2021/22: 2,9 DKK).

Guidance for full year 2022
The supply chain challenges – as mentioned above - on mechanical parts and electronic components have led to a postponement in recognized revenue. In view of this development – and due to the fair value impact of the investment property in Selandia Park - the company has reassessed the guidance for the full year 2022 (9 months).

Glunz & Jensen revises its full year guidance for 2022 to DKK 100-105 million in revenue (previous guidance 112-117), and the profit before financial income and expenses, tax, depreciation, and amortization EBITDA to approx. 17-20 (previously DKK 13-18 million). The profit before tax is expected at approx. DKK 15-17 million (previously DKK 10-14 million level).

Management underlines that the guidance for the fiscal year 2022 is associated with a substantial uncertainty as the economy hence industrial supply and demand is heavily impacted by supply shortages, high inflation, and general financial instability. This outlook assumes that demand and delivery is not significantly affected by another wave of COVID-19 outbreak.

For further information please contact:

CEO Martin Overgaard Hansen: phone +45 22 60 84 05

Chairman of the board Flemming Nyenstad Enevoldsen: phone +45 40 43 13 03

Attachment

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://notified.com

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Ress Life Investments A/S publishes annual report7.12.2022 18:09:31 CET | Press release

Ress Life Investments A/S Corporate Announcement no. 44/2022 Annual Report 2021/22 http://www.resslifeinvestments.com/ CorporateAnnouncementno.44/2022:AnnualReport1October2021–30 September2022 Copenhagen, 7 December 2022 The Board of Directors and Management have today discussed and approved the Annual Report of Ress Life Investments A/S for the period 1 October 2021 – 30 September 2022. Key results and highlights: Ress Life Investments A/S realised a net profit before and after tax of USD 34,895,871 for the period 1 October 2021 – 30 September 2022. Net profit for the period corresponds to a net return on equity of 10.5% and an increase in net asset value of USD 229 per share. The increase in profit mainly relates to pay-outs of policies offset by administrative expenses and staff costs. The fair value of the Group’s investment assets increased from USD 255,262,257 at 30 September 2021 to USD 303,228,365 at 30 September 2022. The Group’s investments in treasury bills increased from US

PRESS RELEASE NACON: Ishtar Games, NACON’s indie label, announces new publishing line-up:7.12.2022 18:00:00 CET | Press release

Ishtar Games, NACON’s indie label, announces new publishing line-up After 17 years of developing games, Ishtar Games now also provides dedicated and passionate publishing support to its first group of studio partners. Lille, France, December 7th, 2022 — NACON is pleased to announce that its studio and indie-publishing label, Ishtar Games, developer behind Dead in Vinland, The Last Spell, reveals today the first games they will publish: Worlds of Aria (Ludogram Games), Spirited Thief (Koi Snowman Games), and their own developed game Lakeburg Legacies, all releasing in 2023. Take a look at the first line-up reveal trailer: https://youtu.be/7OpVbH7Rq-o "We are super excited to initiate our indie publishing label’s journey with Koi Snowman and Ludogram," Ishtar Games CEO and Creative Director Matthieu Richez said. "They have brought to us not only excellent games, but also great human beings to work with. I am convinced that this collaboration will bear fruit for all parties involved, whic

Ilkka Oyj – Acquisition of own shares on 7 December 20227.12.2022 18:00:00 CET | Press release

ILKKA OYJ, STOCK EXCHANGE RELEASE, 7 December 2022 at 19:00 EET IlkkaOyj – Acquisition of own shares on 7 December 2022 At Nasdaq Helsinki Ltd: Date7 December 2022Exchange transactionBuyShare trading codeILKKA2Amount, shares 1,350Average price/share, EUR3.6969Total cost, EUR4,990.82 The company holds a total of 2,917 of its own shares (ILKKA2) including the shares acquired on 7 December 2022. Detailed information concerning the acquisition is attached to this stock exchange release. On behalf of Ilkka Oyj DANSKE BANK A/S, FINLAND BRANCH Jonathan Nyberg Antti Väliaho Additional information Olli Pirhonen, CEO, Ilkka Oyj, tel. +358 40 766 5418 www.ilkka.com Attachment Ilkka buyback 7.12.2022

Rovio Entertainment Corporation: Repurchase of own shares on 7 December 20227.12.2022 17:45:00 CET | Press release

Rovio Entertainment Oyj STOCK EXCHANGE RELEASE 7.12.2022 at 18.45 EETRovio Entertainment Corporation - Repurchase of own shares on 7.12.2022Rovio Entertainment CorporationIn the Nasdaq HelsinkiDate7.12.2022Exchange transactionBUYShare trading codeROVIOAmount, shares32063Average price/share, EUR6,023788Total cost, EUR193140,71Rovio now holds a total of 6 548 427 shares including the shares repurchased on 7.12.2022On behalf of Rovio Entertainment CorporationOP Corporate Bank PLC Further information: Timo Rahkonen, VP Investor Relations & Corporate Strategy +358 40 730 3442 RovioIR@rovio.com Distribution: Nasdaq Helsinki Ltd Key media www.rovio.com About Rovio: Rovio Entertainment Corporation is a global mobile-first games company that creates, develops and publishes mobile games, which have been downloaded over 5 billion times. Rovio is best known for the global Angry Birds brand, which started as a popular mobile game in 2009, and has since evolved from games to various entertainment, a

Park Street A/S – New share buyback program7.12.2022 17:34:07 CET | Press release

Park Street A/S – New share buyback program Transactions during 01 December 2022 – 07 December 2022 On 14th September 2022, Park Street A/S announced a share buy-back programme, as described in Company Announcement dated 14-09-2022. The programme is carried out in compliance with the provisions of Regulation No 596/2014 of the European Parliament and of the Council on market abuse (the Market Abuse Regulation – MAR) and delegated legislation under MAR; except for the limitation of implementing the authorized buy-back of the Company’s shares within the 25% daily trading volume, due to the low levels of market liquidity in the Company’s shares. According to the programme, Park Street A/S will repurchase Class A and Class B shares for up to DKK 50 million. The programme is taking place during the period from 06 September 2022 – 30 December 2022. The following transactions were made under the share buy-back programme during 01 December 2022 – 07 December 2022: Number of shares boughtAverag