RTX has continued its growth in revenue and profits in Q3. Profits (EBIT) for the full year are expected to be between DKK 35-38 million.
The Supervisory Board of RTX A/S has today considered and adopted the Group’s interim report for Q3 of the 2013/14 financial year (covering the period 01.04.2014 – 30.06.2014).
Summary of the interim report of the RTX group for Q3 of the 2013/14 financial year
- Net revenue amounts to DKK 75.3 million in Q3 2013/14 compared to DKK 67.8 million for the same period last year. Revenue growth is, therefore, 11.1%.
- Enterprise & VoIP delivered a 38.4% growth in revenue for the quarter.
- Design Services saw an expected decline in revenue of 24.1% because Q3 last year included a significant non-recurring order of test solutions for a major American customer. Adjusted for the non-recurring order last year, revenue for the business unit was on a par with last year.
- The Group’s gross profit increased from DKK 37.7 million to DKK 43.7 million and as a result of the revenue mix, the Group’s gross margin in Q3 increased to 58.0% compared to 55.6% last year.
- Capacity costs in Q3 were 4.3% higher than last year, but viewed over the first three quarters, were on a par with last year.
- As planned, depreciation on intangible assets increased in Q3 2013/14 by DKK 0.5 million compared to the same period last year.
- Operating profit (EBIT) totals DKK 10.3 million compared to DKK 6.0 million last year.
- Profits after tax total DKK 10.2 million compared to DKK 5.4 million for the same period last year.
- The Group’s cash flow from operations was DKK 20.9 million for Q3 compared to DKK 14.9 million for the same period last year.
Summary for the three first quarters of 2013/14 for the RTX group
- Net revenue totals DKK 219.3 million for the first three quarters of 2013/14 against DKK 177.6 million for the same period last year corresponding to an increase of 23.5%.
- The Group’s gross profit increased from DKK 101.5 million to DKK 124.1 million, but as a result of the revenue mix, the Group’s gross margin was marginally reduced in the first three quarters of the 2013/14 financial year to 56.6% compared to 57.2% for the same period last year.
- Capacity costs for the first three quarters were on a par with last year.
- Operating profit (EBIT) totals DKK 29.8 million compared to DKK 10.3 million last year.
- The Group’s cash flow from operations was DKK 35.3 million for the first three quarters compared to DKK 18.1 million for the same period last year.
Q3 and the order book for Q4 have substantiated Management’s expectations that revenue will range between DKK 285-290 million, EBIT between DKK 35-38 million and EBITDA between DKK 43-46 mio.
RTX A/S
Peter Thostrup Chairman
Flemming Hynkemejer President & CEO
Enquiries and further information: President & CEO Flemming Hynkemejer, tel + 45 96 32 23 00
