”During the recent months our global customers have succeeded in selling more of our products than we had originally expected. In addition, we experience that our customers’ willingness to invest in new products have a positive impact on the services we provide. Both aspects have not only improved our results in the first five months, but also given us a good indication on an improved result for the year. This is why we raise the financial expectations today” says CEO Flemming Hynkemejer and adds:”Both elements should be viewed in the light of an overall positive expectation for the future in the segments and in the markets in which we and our customers operate”.
During the first five months RTX has experienced a higher order intake and increasing forecasts from our major customers than expected. In this period RTX has signed contracts with new customers, including a contract regarding an innovation project. During the same period the exchange rate of USD versus DKK has increased more than expected, and since a significant part of our business with customers as well as suppliers is traded in USD, this also affects RTX. Based on these developments we now raise our expectations for revenue and profit for the year.
Revenue for 2014/15 is now expected in the range of DKK 330-345 million and EBIT is expected to be in the range of DKK 45-52 million with an EBITDA in the range of DKK 52-59 million.
In connection with the issue of our annual report for 2013/14 on 25th November 2014 the expectations for the financial year 2014/15 were announced. Expected revenue was in the range of DKK 305-310 million and operating profit (EBIT) in the range of DKK 38-42 million with an EBITDA in the range of DKK 46-50 million.
Questions and further information
President & CEO Flemming Hynkemejer, tel: +45 96 32 23 00.
Yours sincerely
Peter Thostrup Flemming Hynkemejer
Chairman of the Board President & CEO
