Nørresundby, 2013-01-25 12:47 CET (GLOBE NEWSWIRE) -- The Supervisory Board of RTX A/S has today considered and adopted the Group’s interim report for the first quarter of the financial year 2012/13 (covering the period 1 October 2012 to 31 December 2012).

Summary of the interim report of the RTX Group for the first quarter of 2012/13

• Group revenue amounts to DKK 50.5 million in the first quarter of 2012/13 compared to DKK 44.3 million in the same period last year. The 14.1% growth is primarily caused by increased sales in the business unit Enterprise & VoIP, where revenue increased from DKK 23.0 million to DKK 28.9 million equal to a growth of 25.3%. The business unit Design Services realized a growth from DKK 20.8 million to DKK 21.1 million in the first quarter of 2012/13.
• The Group’s gross profit increased from DKK 28.3 million to DKK 29.8 million, and at the same time the Group’s gross margin decreased in the first quarter of the financial year 2012/13 to 59.0% compared to 63.9% last year. The decrease is due to the fact that the increase in revenue in the first quarter was driven by Enterprise & VoIP, where revenue in general has a lower contribution ratio than revenue in Design Services.
• As scheduled the depreciation on intangible assets increased in the first quarter of 2012/13 by DKK 0.3 million compared to the same period last year.
• Operating profit (EBIT) amounts to DKK 1.2 million compared to DKK 1.5 million last year.
• Profit after tax amounts to DKK 1.3 million compared to DKK 1.5 million in the same period last year.
• As scheduled the company launched and delivered by the end of the quarter the first two handsets within the Enterprise segment to NEC, who has been a partner to the Group through many years.
• The Group’s total cash flow was in the first quarter DKK 3.8 million compared to negative DKK 4.2 million in the same period last year.

Both revenue and profit in the first quarter of 2012/13 are in line with Management’s expectations.

The Group has continued focus on the execution of the recent years’ investments in own development projects, and Management expects that these will contribute to ensure that the Group achieves its revenue and profit goal for the financial year 2012/13.

Yours sincerely

RTX A/S

Jens Alder                                                          Flemming Hynkemejer

Chairman                                                            President & CEO

Questions and further information:

Flemming Hynkemejer, President & CEO, tel. +45 96 32 23 00

Please visit RTX’s website at: www.rtx.dk

Appendices

Interim report for the first quarter of 2012/13 comprising:

• Group financial highlights and key ratios
• Management’s review
• Group income statement
• Group balance sheet
• Group equity statement
• Group cash flow statement
• Notes