The Supervisory Board of RTX Telecom A/S has today considered and adopted the Group's interim report for the first quarter of the financial year 2008/09 (covering the period 1 October 2008 to 31 December 2008). Summary of the interim report of the RTX Telecom Group for the first quarter of 2008/09 • Revenue from continuing operations amounts to DKK 53.1 million compared to DKK 51.7 million in the same period last year. • Operating profit/loss (EBIT) from continuing operations amounts to a negative DKK 13.3 million compared to a negative DKK 11.0 million in the same period last year. • The Group's cash and short-term current asset investments less bank debt amounted to DKK 98.0 million at 31 December 2008, which is a decrease of DKK 9.4 million compared to the same time last year. • The Group adjusts downwards revenue and earnings expectations for the present financial year 2008/09. Revenue from continuing operations is expected to amount to DKK 200 - 230 million, and an operating profit/loss (EBIT) from continuing operations is expected to amount to a negative of approx. DKK 30 million. The operating results obtained in the first quarter were lower than expected as the RTX Telecom Group realised a slight increase in revenue but a decline in operating profit/loss (EBIT) compared to the same period last year. The declining EBIT primarily results from a shift in the product mix as well as an increase in capacity costs, such as increased provisions for bad debts. Management continues with further measures to lower the Group's capacity costs and increase the earnings margins. In the course of the coming months, Management and the newly appointed Supervisory Board will go through and adjust the defined strategies to the challenging financial environment in which the Group now operates. Yours sincerely Mogens Elsberg Chairman of the Board Tage Rasmussen CEO Questions and further information: CEO Tage Rasmussen, tel. +45 96 32 23 00
Interim report for the first quarter of 2008/09 (the period 1 October 2008 to 31 December 2008)
| Source: RTX A/S