Core Viewpoint - Roblon's revenue and earnings for Q1 2025/26 fell short of Management's expectations, primarily due to a significant reduction in procurement from a major customer in the offshore oil and gas sector, leading to a downward revision of profit guidance for the financial year [1][3][4]. Financial Performance - Consolidated revenue for Q1 2025/26 was DKKm 29.8, a decrease from DKKm 51.1 in the same period last year [2]. - EBITDA before special items reported a loss of DKKm 6.3, compared to a profit of DKKm 6.7 in the previous year [2]. - EBIT before special items was a loss of DKKm 9.2, down from a profit of DKKm 3.0 [2]. - Profit/loss from continuing operations before tax was a loss of DKKm 10.4, compared to a profit of DKKm 4.6 in the prior year [2]. Guidance and Adjustments - Management downgraded profit guidance for FY 2025/26, with new revenue expectations set between DKKm 170 to 210, down from a previous range of DKKm 200 to 240 [4][8]. - EBITDA before special items is now expected to be between DKKm 0 to 20, revised from DKKm 10 to 30 [8]. - EBIT before special items is projected to be between DKKm -10 to 10, down from a previous estimate of DKKm 0 to 20 [8]. Cost Management - In response to the lower activity level and updated market outlook, Management has implemented cost adjustments, including organizational changes, expected to reduce costs by approximately DKKm 5 for the full year [5]. - These measures aim to ensure more robust and cost-effective operations amid significant market volatility [5]. Market Outlook - The revised guidance reflects the performance for Q1 2025/26 and the updated market outlook, with expectations of a higher level of activity in the energy cables area for FY 2026/27 due to ongoing dialogues with customers and development activities [6].

Core Insights - Eni S.p.A.'s chemical unit, Versalis, and Prysmian S.p.A. are collaborating to create a circular economy for plastic cable scrap, focusing on reducing and recycling plastic waste [1][4] Group 1: Collaboration and Objectives - The partnership aims to gather plastic waste from Prysmian's manufacturing processes and decommissioned cables, converting it into new plastic polymers through a chemical recycling process [1][9] - The initiative underscores both companies' commitment to sustainability and reducing environmental impact, with a pilot project expected to commence in the second half of 2026 in Italy [4][9] Group 2: Recycling Technology - Prysmian will send collected plastic scrap to Versalis' Mantua plant, where it will be processed using the proprietary Hoop® technology, converting plastic into pyrolysis oil for new polymers [2][9] - The Hoop® technology allows for approximately 60% of cross-linked polyethylene (XLPE) to be recycled without loss of quality, enabling the production of new industrial cables [3][9] Group 3: Industry Impact - This innovative approach represents a significant advancement in recycling capabilities for industrial cables, promoting sustainability within the industrial sector and enhancing the circular economy [4][3]