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SSBV-Rovsing A/S Maintains FY 2012/2013 EBITDA Guidance; Issues FY 2013/2014 and FY 2014/2015 Financial Guidance; Plans Share Issue; to Sell Products to New Markets


Friday, 25 Jan 2013 02:31am EST 

SSBV-Rovsing A/S announced that following the acquisition of SSBV's DSTE product line in September 2012, its primary focus is the sale of products and solutions built of standard products for the international aerospace market, which includes institutional, commercial and military aerospace market in Europe, the United States, India and The Far East, and not only for the European institutional market (European Space Agency market), as it was so far. The Company also announced that, as previously announced in its annual report for fiscal year 2011/2012, it expects to report fiscal year 2012/2013 EBITDA positive and of approximately DKK 3 million. It also announced that the Company's goal is revenue of approximately DKK 51 million and EBITDA of DKK 6 million in fiscal year 2013/2014. The Company also plans to achieve fiscal year 2014/2015 revenue of approximately DKK 71 million and fiscal year 2014/2015 EBITDA of DKK 17 million. In addition, the Company announced that it plans to issue new shares. The Company will publish a prospectus for an offering of new shares at a discount with pre-emptive rights for existing shareholders and a conversion of loan of EUR 3 million, granted by SSBV in connection with the transaction with SSBV in December 2012. The Company has obtained pre- and underwriting commitments in connection with the offering of shares, corresponding to a full subscription with gross proceeds of approximately DKK 26.1 million. 

Company Quote

0.28
0.01 +3.70%
19 Jun 2013