RTX
Interim report for Q2 2014/15 (1 january 2015 – 31 march 2015)

DGAP-News: RTX

2015-05-06 / 08:33

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Considerable growth in revenue and EBIT in Q2 in RTX.


The Supervisory Board of RTX A/S has today considered and adopted the Group's
interim report for the second quarter of the financial year 2014/15 (covering
the period 01.01.2015 - 31.03.2015). 

Summary of the second quarter of the financial year 2014/15 for the RTX Group

  -- Net revenue amounted to DKK 91.9 million in the second quarter of 2014/15
     compared to DKK 75.4 million in the same period last year. The increase in
     revenue amounted to 21.9%.
     -- Enterprise & VoIP realized an increase of 21.5% in the second
        quarter.
     -- Design Services realized an increase of 23.1% in the second quarter.
  -- Gross profit increased from DKK 42.3 million to DKK 50.7 million, and as a
     consequence of the mix in revenue the Group's gross margin in the second
     quarter was 55.1% compared to 56.1% last year.
  -- As expected, the capacity costs were DKK 6.4 million higher than last year.
     The increase in capacity costs is primarily due to more employments as a
     consequence to the increased level of activity.
  -- For the development of a new handset platform designed for use in special
     environments, DKK 1.1 million were capitalized in the second quarter of
     2014/15.
  -- As expected depreciations on intangible assets decreased in the second
     quarter of 2014/15 by DKK 0.7 million compared to the same period last
     year.
  -- Operating profit (EBIT) amounted to DKK 14.4 million compared to DKK 10.7
     million last year.
  -- Profit after tax amounted to DKK 14.8 million compared to DKK 10.1 million
     in the same period last year.
  -- Cash flows from operations amounted to DKK 20.7 million in the second
     quarter compared to DKK 9.0 million in the same period last year.

Summary of the first six months 2014/15 for the RTX Group

  -- Net revenue amounted to DKK 168.6 million in the first six months of
     2014/15 compared to DKK 144.0 million in the same period last year
     equivalent to an increase in revenue of 17.1%.
  -- Gross profit increased from DKK 80.4 million to DKK 95.4 million, and as a
     consequence of the mix in revenue the gross margin increased from 55.9% to
     56.6%.
  -- As expected the capacity costs increased by 20.7% in the first six months
     due to the increased level of activity.
  -- Operating profit (EBIT) amounted to DKK 25.6 million compared to DKK 19.5
     million the year before, equivalent to an increase of 31.1%.
  -- Cash flow from operations was in the first six months DKK 26.4 million
     compared to DKK 14.3 million in the same period last year.
  -- Following the development in the second quarter Management confirms the
     raised expectations for the financial year announced on 9 March 2015 (ref.
     Financial Announcement no. 19/2015 of 9 March 2015), in which RTX expects
     revenue in the range of DKK 330-345 million, EBIT in the range of DKK 45-52
     million and EBITDA in the range of DKK 52-59 million.



RTX A/S

Peter Thostrup
Chairman


Flemming Hynkemejer
President & CEO



On Thursday 7 May 2015 at 12 am, RTX A/S will hold a meeting for investors and
analysts at ABG Sundal Collier, Forbindelsesvej 12, 2100 Copenhagen. At this
meeting Management will comment on the Group's financial report for the second
quarter of 2014/15. Registration for the meeting is via email to
Sofie.Norsker@abgsc.dk.
News Source: NASDAQ OMX



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2015-05-06 Dissemination of a Corporate News, transmitted by DGAP - a
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Language:    English       
Company:     RTX           
 
 
             Denmark       
ISIN:        DK0010267129  
 
 
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