Europe’s defense industry must consolidate to boost competitiveness as it ramps up production of tanks and other key machinery needed by the region’s militaries, Renk CEO Alexander Sagel says https://t.co/02LE4P7E3u ...

While in the top phase, most of these strengths are sustained, embedded within the fruits of their success are the seeds of their decline. As a rule, as people in these rich and powerful countries earn more, that makes them more expensive and less competitive relative to people in other countries who are willing to work for less. At the same time, people in other countries naturally copy the methods and technologies of the leading power, which further reduces the leading power's competitiveness.For example, ...

Core Insights - The Board of Directors of Rovsing A/S has approved the Interim Management Statement for Q3 2024/25, covering the period from January 1, 2025, to March 31, 2025 [1] Financial Performance - Revenue for Q3 2024/25 was DKK 7.5 million, a decrease from DKK 9.5 million in Q3 2023/24 [4] - EBITDA for Q3 was DKK -0.4 million, compared to DKK 0.8 million in Q3 2023/24 [4] - Order intake for Q3 amounted to DKK 9.3 million, with total order intake from January to the end of April reaching DKK 23.6 million [4] - The current order backlog stands at DKK 48.3 million, indicating a diverse range of missions and customers [4] Strategic Focus - The management continues to align with the updated strategy focusing on Growth, Diversification, Competitiveness, and Investor Relations [4] - The company has been delivering a variety of services including test and simulation systems, software solutions, and engineering services [4] Future Outlook - The company anticipates a high activity level in Q4 2024/25, maintaining a revenue outlook of DKK 37.0 to 40.0 million and a positive EBITDA forecast of DKK 1.0 to 2.0 million [4]