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 2013/14 (covering the period 1 October to 31 December 2013).
Summary of the interim report of the RTX Group for the first quarter of 2013/14
- Group revenue amounts to DKK 68.6 million in the first quarter of 2013/14 compared to DKK 50.5 million in the same period last year. The 35.8% growth is primarily caused by Enterprise & VoIP, where revenue increased by 56.6%, and the business unit Design Services realized increased revenue by 7.8%.
- The Group’s gross profit increased from DKK 29.8 million to DKK 38.1 million, but as a consequence to the mix in revenue the Group’s gross profit decreased in the first quarter of 2013/14 to 55.6% compared to 59.0% last year.
- Capacity costs decreased from DKK 28.1 million in the first quarter of 2012/13 to DKK 27.0 million in the first quarter of 2013/14.
- As scheduled the depreciation on intangible assets increased in the first quarter of 2013/14 by DKK 0.5 million compared to the same period last year.
- Operating profit (EBIT) amounts to DKK 8.8 million compared to DKK 1.2 million last year.
- The proceeds from the transfer of 90% of the shares in RTX’s subsidiary in Brazil of DKK 0.7 million are entered under the result of discontinued activities in the first quarter of 2013/14.
- Profit after tax amounts to DKK 8.5 million compared to DKK 1.3 million in the same period last year.
- The Group’s total cash flow was in the first quarter DKK 4.1 million compared to DKK 3.8 million in the same period last year.
- The development in the first quarter substantiates Management’s previously announced expectations for the year, which remain unchanged.
Yours sincerely RTX A/S
Jens Alder
Chairman
Flemming Hynkemejer
President & CEO
Questions and further information:
President & CEO Flemming Hynkemejer, tel. +45 96 32 23 00.
Appendices
Interim report for the first quarter of 2013/14 comprising:
- Group financial highlights and key ratios
- Management’s review
- Group income statement
- Group balance sheet
- Group equity statement
- Group cash flow statement
- Notes