Firm Announcement no 7 – 2021

9 December 2021

Highlights

• Roblon has now signed an settlement to acquire Vamafil spol. s.r.o., which is centrally located in the Czech Republic among Prague and Brno – much more specially in Žďár nad Sázavou. The acquisition date is 3 January 2022 and the completion of the transaction is subject matter to confirmatory due diligence on a few of issues, retention of administration and other customary closing situations.

• The acquisition is a action in Roblon’s expansion tactic in just its core company, the fibre optic cable field, and is expected to lift the Group’s income and earnings.

• Roblon’s Administration announces its earnings steerage for the monetary year ending 31 October 2022 and maintains the beforehand announced economic targets.

Enterprise acquisition

Vamafil spol. s.r.o.
Vamafil is an proven company specialising in giving high-efficiency fibre converting companies (treatment and processing of fibres) to European customers, such as fibre companies and firms that use superior-functionality fibres in their generation. A recognised foremost field participant, Vamafil is recognized for its high quality and overall flexibility in its small business segment. The company has once-a-year earnings of among EURm 4.5 and EURm 5 and satisfactory earnings.

Roblon intends to carry on the growth of Vamafil’s present business enterprise spot. In addition, the acquisition of Vamafil will facilitate Roblon’s growth in its main organization inside the fibre optic cable field and improve competitiveness and profitability by relocating chosen components of its production facilities from Denmark to the Czech Republic.

With the relocation, Roblon will additionally move geographically nearer to the vast majority of the manufacturers in the European fibre optic cable marketplace. This implies that Roblon’s situation will be comparable to that realized in the United states with the Company’s spot in North Carolina. In look at of the present-day COVID-19 resurgence, the prepared relocation will be initiated when the distribute of the virus has stabilised and the possibility of journey restrictions in the Czech Republic and Denmark has been diminished. The relocation is expected to…