The Supervisory Board of RTX A/S has today considered and adopted the Group’s interim report for the third quarter of the financial year 2014/15 (covering the period 01.04.2015 – 30.06.2015).
Summary of the third quarter of the financial year 2014/15 for the RTX group
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Net revenue amounted to DKK 95.8 million in the third quarter of 2014/15 compared to DKK 75.3 million in the same period last year. The increase in revenue amounted to 27.2%, positively affected by the USD exchange rate.
- Enterprise & VoIP realized an increase of 24.1% in the quarter.
- Design Services realized an increase of 35.3% in the quarter.
- Gross profit increased from DKK 43.7 million to DKK 52.8 million, and as a consequence of the mix in revenue the Group’s gross margin in the third quarter was 55.1% compared to 58.0% last year.
- Capacity costs were DKK 5.3 million higher than last year. The increase in capacity costs is primarily due to more employments.
- For the development of a new handset platform designed for use in special environments, DKK 1.3 million were capitalized in the third quarter of 2014/15.
- As expected depreciations on intangible assets decreased in the third quarter of 2014/15 by DKK 0.9 million compared to the same period last year.
- Operating profit (EBIT) amounted to DKK 16.1 million compared to DKK 10.3 million last year.
- Profit after tax amounted to DKK 14.7 million compared to DKK 10.2 million in the same period last year.
- Cash flows from operations amounted to DKK 13.5 million in the third quarter compared to DKK 20.9 million in the same period last year.
Summary of the third quarter year to date 2014/15 for the RTX group
- Net revenue amounted to DKK 264.4 million in the first three quarters of 2014/15 compared to DKK 219.3 million in the same period last year equivalent to an increase in revenue of 20.6%.
- Gross profit increased from DKK 124.1 million to DKK 148.2 million, and as a consequence of the mix in revenue the gross margin decreased from 56.6% to 56.0%.
- Capacity costs increased by 19.4% in the first three quarters.
- Operating profit (EBIT) amounted to DKK 41.7 million compared to DKK 29.8 million the year before, equivalent to an increase of 40.0%.
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Cash flow from operations was in the first three quarters DKK 40.0 million compared to DKK 35.3 million in the same period last year.
- The development in revenue in the third quarter is slightly more positive than the expectations for the financial year on which Management based the raised expectations for the year and which were announced on 9 March 2015 (ref. Financial Announcement no. 19/2015 of 9 March 2015), in which RTX expected 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. Based on this Management now wish to be more precise about the expectations. Revenue is expected at the level around DKK 350 million, EBIT in the nearby of DKK 52 million and EBITDA in the high range of the guided interval.
RTX A/S
Peter Thostrup
Chairman
Flemming Hynkemejer
President & CEO
On Wednesday 26 August 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 third quarter of 2014/15.
Registration for the meeting is via email to Tanja.Westh@abgsc.dk.
