Interim report for Q1 2014/15 (1 october 2014 - 31 december 2014)

Continued growth in revenue and EBIT in the first quarter in RTX.


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 2014/15 (covering the period 01.10.2014 – 31.12.2014).

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

  • Net revenue amounted to DKK 76.7 million in the first quarter of the financial year 2014/15 compared to DKK 68.6 million in the same period last year. The increase in revenue amounted to 11.9%.
    • Enterprise & VoIP saw an increase of 12.0% in the first quarter.
    • Design Services saw an increase of 11.1% in the first quarter.
       
  • Gross profit increased from DKK 38.1 million to DKK 44.7 million, and as a consequence of the mix in revenue the Group’s gross margin increased to 58.3% in the first quarter compared to 55.6% last year.
     
  • As expected the capacity costs were DKK 5.2 million higher than last year. The increase is primarily due to more employments.
     
  • For the development of a new handset platform designed for use in special environments requiring robust products, DKK 0.3 million were capitalized in the first quarter of 2014/15.
     
  • As expected depreciations on intangible assets decreased in the first quarter of 2014/15 by DKK 0.9 million compared to the same period last year.
     
  • Operating profit (EBIT) amounted to DKK 11.2 million compared to DKK 8.8 million last year.
     
  • Profit after tax amounted to DKK 12.7 million compared to DKK 8.5 million in the same period last year.
     
  • Cash flows from operations amounted to DKK 5.8 million in the first quarter compared to DKK 5.3 million in the same period last year.
     
  • The development in the first quarter of the financial year 2014/15 confirms the expectations announced in connection with the Annual Report for 2013/14 (ref. Announcement no. 63/2014 of 25 November 2014), in which RTX expects revenue in the interval of DKK 305-310 million and EBIT in the interval of DKK 38-42 million and EBITDA in the interval of DKK 46-50 million.
     

RTX A/S

Peter Thostrup
Chairman


Flemming Hynkemejer
President & CEO

 

Questions and further information:
Flemming Hynkemejer, President & CEO, tel. +45 96 32 23 00


Appendices

Interim report for the first quarter of 2014/15 comprising:

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

Attachments

FB2015 06_UK Interim report Q1 2014-15.pdf