Research

Roblon (One-pager): Post-U.S. divestment focus on European core but with weaker guidance for 2025/26

Summary

Roblon har frasolgt sine tabsgivende amerikanske FOC-aktiviteter, hvilket har forenklet forretningen og styrket fokus på de europæiske kerneaktiviteter.
Forventningerne til indtjeningen i 2025/26 er lavere på grund af ændret produktmix og svagere FOC-efterspørgsel, men virksomheden har en solid balance og netto kontantposition.
Roblon fokuserer strategisk på Composite-segmentet, hvor efterspørgslen understøttes af projekter inden for olie & gas, vindenergi og energitransmission.
Ledelsen fremhæver, at bedre projektgennemsigtighed og kundeinteraktioner, især inden for undersøiske energikabler, kan forbedre vækstudsigterne frem mod 2026/27.

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Read the latest Roblon one-pager following the latest 2024/25 results, guidance for 2025/26e, and following the divestment of its loss-making U.S. FOC operations.

Roblon has completed the divestment of its loss-making U.S. FOC operations, materially simplifying the business and sharpening its focus on core European activities. While near-term earnings are guided lower in 2025/26e due to a changed product mix and weaker FOC demand, the Group now operates with a solid balance sheet, net cash position, and scope for continued dividends, supported by working capital optimisation. The fully recognised ~DKK 50m divestment loss removes a major overhang, although a remaining loan receivable from the U.S. entity represents a residual, non-cash risk.

Strategically, Roblon is increasingly centred on its Composite segment, where demand has been supported by projects within oil & gas, wind energy, and energy transmission, underpinned by long-term structural drivers such as grid expansion and digitalisation. Management highlights that ongoing customer dialogues and project visibility—particularly within submarine energy cables—could support a more favourable growth and earnings outlook into 2026/27e, provided execution improves, and order intake strengthens.

You can also catch up on the latest presentation of the annual 2024/25 results with Roblon CFO and Co-CEO Carsten Michno. Link: https://www.inderes.dk/videos/roblon-praesentation-af-arsregnskabet-for-202425

Disclaimer: HC Andersen Capital receives payment from Roblon for a digitalIR/Corporate visibility subscription agreement. / Philip Coombes 08:40 08/01/2026, updated 10:41 09/01/2026

Roblon develops high performance fiber solutions and technologies with a history dating back to 1957, when the company was founded. Roblon produces the fibers, made of fiberglass, aramid etc. that are used to reinforce and protect vital cables in various industries. The company is divided into two main business areas – Fiber Optic Cables (FOC) and Composite. The FOC segment is usually a sub-supplier to large cable producers, where the end customers are typically global internet and telecom providers. The Composite segment is usually a sub-supplier to the producers of wires and cables, which supply global oil & gas companies as well as companies that are active within wind energy. Roblon is headquartered in Frederikshavn (Denmark) and has production facilities in Gærum (Denmark), Hickory, North Carolina (USA) and the recently acquired Vamafil in the Czech Republic. Roblon is thus active with production and sales in both Europe and the USA.