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Rias

Earnings Release • Sep 28, 2023

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author: Mette Nygaard Jensen
date: 2023-09-28 14:46:00+00:00

Nasdaq OMX

Nikolaj Plads 6

P.O. Box 1040

1007 Copenhagen K

                                28th September 2023

Company announcement No. 9/2023

Adjustment of expectations for the financial year 2022/23

The business development in the company’s Industrial and Building & Construction activities has in the last months of the financial year 2022/23 developed somewhat better than earlier expected.

The demand in the Building & Construction sector has after the summer holiday remained at a high level, even higher than budget, which was not anticipated.

Similarly, the Industrial sector has maintained a reasonable level which has contributed to supporting the increased earnings.

Based on the positive results in the recent months, an EBIT result for the financial year 2022/23 in the range of DKK 16.5 – 17.0 million is now expected, compared to an earlier expected EBIT result of DKK 14.5 – 16.5 million.

Yours sincerely RIAS A/S

Karsten Due