28.8.2020 06:30:01 CEST | FOM Technologies |
Company Announcement
Company announcement no. 4 – 2020
Copenhagen, the 28th of August 2020
CHALLENGING CONDITIONS TO COMPLETE MACHINE DELIVERY AND INSTALLATIONS GLOBALLY DUE TO COVID-19, BUT ACTIVITY ON TRACK AND 2020 FINANCIAL YEAR GUIDANCE FOR SALES AND EBITDA RETAINED.FINANCIAL REPORT H1 2020 [January 1st – June 30th, 2020]The report has not been audited.HIGHLIGHTS
H1 2020 revenue at DKK 3.221 Thousand ( -31 % from H1 2019 at DKK 4.697 Thousand).
Fixed cost for H1 2020 at DKK 3.112 Thousand (+29 % from H1 2019 at DKK 2.416 Thousand).
EBITDA for H1 2020 at DKK -1.638 Thousand (DKK – 385 Thousand for H1 2019).
IPO successfully completed.
Sales and earnings following plan, with confirmed sales on index 98 by end of H1 2020.
Difficulties to deliver machine and complete installations at academic and corporate sites in H1 2020 dueto COVID-19.
Inquiries and dialogue with new and current customers are returning to levels as before COVID-19.
Pipeline looks promising.
MANAGEMENT REVIEW
Despite tough conditions in H1 2020 due to COVID-19, the confirmed sales were index 98 by end of H1 2020. As equipment and machines are only invoiced at final installation and acceptance, the company have a backlog of machine deliveries and installations, that we expect to catch up with during H2 2020. The expectation is partly based on already announced orders from US Department of Energy and SDU (Syddansk University).
The management retains the DKK 10 mio. revenue and the DKK – 3 mio. EBITDA outlook and guidance for 2020.
FINANCIAL CALENDAR
Date
Event:
March 5, 2021
Annual Report 2020
FURTHER INFORMATION FURTHER INFORMATIONMichael Stadi | CEO John Norden Mobile: +45 20 66 60 44 +45 20 72 02 00E-mail: ms@fomtechnologies.com E-mail: jn@nordencef.dk
COMPANY CERTIFIED ADVISORFOM Technologies A/S Norden CEF ApSArtillerivej 86, 1 Kongevejen 3652300 Copenhagen S 2840 Holtewww.fomtechnologies.com www.nordencef.dk
Disclaimer
Future projections reflect FOM Technologies’ current expectation for upcoming market trends and results. FOM Technologies aims to deliver projections based on reliable, fact-based market analysis. However, FOM Technologies can by no means guarantee the fruition of any such projected outcomes. FOM Technologies will not be held liable for negative or unexpected outcomes associated with the inherent risks of projection-based investments, which are influenced by a wide variety of external uncertainties and factors beyond our control.
Contacts
Michael Stadi, CEO, +45 20 66 60 44, ms@fomtechnologies.com
Attachments
Download announcement as PDF.pdf
FOM_H1 2020 Report_280820.pdf
