Skip to main content

Interim Management Statement covering Q1 2025/26

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

Interim Management Statement covering Q1 2025/26

The Board of Directors of Rovsing A/S has today reviewed and approved the Interim Management Statement for the first quarter (1 July 2025– 30 September 2025) of the financial year 2025/26.

Q1 highlights: Revenue and EBITDA trailing expectations due to increased project efforts – Solid Order Backlog and Rising Tender Activity

  • In the first quarter of the financial year 2025/26, revenue and EBITDA came in below expectations, primarily due to increased efforts required to complete ongoing projects compared to the original budgets. A significant part of this relates to a large project expected to be completed during the current financial year. In addition, a service-based project has been temporarily delayed pending input from the customer and is expected to resume later in the financial year.
  • Revenue in Q1 amounted to DKK 7.3 million (Q1 2024/25: DKK 9.5 million).
  • EBITDA amounted to DKK -0.6 million (Q1 2024/25: DKK 0.8 million).
  • Order intake for the quarter totaled DKK 3.3 million, and by the end of September 2025 the company maintained a healthy and diversified order backlog of DKK 34.8 million, distributed across multiple missions and customers in both the institutional and commercial segments.
  • Tender activity increased during the quarter, with Rovsing supporting customers by providing bids for upcoming key missions under the European Commission’s Copernicus Earth Observation Programme and the Secure Communications Constellation IRIS², for which the first tenders have now been submitted. The Company expects decisions on several ongoing tenders during the 2025/26 financial year, as well as the initiation of new contract activities in the second half of the financial year.
  • Growing European space budgets are expected to support continued market growth. At the Space Conference 2025 in Aalborg on 20–21 October, the Danish government announced a total national space budget of DKK 2.7 billion for the period 2026–2029. Meanwhile, Germany has announced national space programmes totaling EUR 35 billion up to 2030. The upcoming ESA Ministerial Council meeting in Bremen at the end of November 2025 is expected to provide final clarity on ESA’s ambitions and member state contributions for the next three years, after which tender activity is expected to intensify further.
  • During the quarter, Rovsing continued deliveries to a broad customer base with test and simulation systems for the Galileo 2nd Generation, Grace-C, FORUM and Artemis programmes. A new customer, ReOrbit, ordered and received Solar Array Simulators and Second Level Protections. Projects are progressing, and additional deliveries are expected to be completed in the coming months across customers and segments.
  • During the quarter, Management and the Board continued to execute on the updated strategy focusing on accelerating growth and identifying and qualifying potential acquisition targets as part of the company’s buy-and-build strategy.

Outlook for the Financial Year 2025/26
Rovsing maintains its guidance for the financial year 2025/26, expecting revenue in the range of DKK 37–41 million and a positive EBITDA in the range of DKK 1–3 million.

Further information: Hjalti Pall Thorvardarson, CEO. Tel. +45 53 39 18 88. Email: hpt@rovsing.dk

Attachments

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.