Noerresundby, Denmark, 23 August 2013, 2013-08-23 09:38 CEST (GLOBE NEWSWIRE) --
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 2012/13 (covering the period 1 April 2013 to 30 June 2013).
Summary of the interim report of the RTX Group for the third quarter of 2012/13
Third quarter:
- Group revenue increased to DKK 67.8 million for the third quarter of 2012/13 compared to DKK 53.3 million in the same period last year. The main reason for the Group’s growth in revenue of 27.1% is the investments over the recent years in the product and technology platforms aimed at the company’s major key accounts.
- Revenue in the business unit Enterprise & VoIP increased from DKK 30.2 million to DKK 37.6 million in the third quarter of 2012/13 equivalent to an increase in revenue of 24.5%.
- Revenue in the business unit Design Services increased from DKK 22.6 million in the third quarter of 2011/12 to DKK 29.5 million in the third quarter of 2012/13 equivalent to a total increase in revenue of 30.6%. During this quarter Design Services has delivered a considerable number of the total order for test systems to a major US customer, as announced in the interim report for the second quarter of 2012/13.
- The Group’s gross profit increased from DKK 30.5 million to DKK 37.7 million. Because the increased sale of product solutions has a lower gross margin than the development projects, the Group’s gross margin was reduced from 57.2% in the third quarter of 2011/12 to 55.6% in 2012/13.
- Despite the increased level of activity the Group’s capacity costs (staff costs, other external costs and depreciations) are at the same level as the third quarter last year.
- Operating profit (EBIT) increased to DKK 6.0 million compared to DKK 2.6 million in the same period last year.
- The EBITDA margin increased in the quarter from 7.8% in 2011/12 to 11.7% in 2012/13.
- Profit after tax amounts to DKK 5.4 million compared to DKK 3.1 million in the same period last year.
- The Group’s total cash flow amounts to DKK 16.0 million in the third quarter compared to negative DKK 2.3 million in the same period last year.
The first three quarters:
- The increased revenue was DKK 33.3 million, equivalent to a growth of 23%.
- Gross profit decreased from 61% to 57% due to the product mix.
- Capacity costs are lower than last year’s level.
- Cash flow from operations improved by DKK 19 million.
Revenue in the third quarter 2012/13 has developed in accordance with Management’s raised expectations, whereas the operating profit/loss (EBIT) has developed better than expected in Management’s announcement after the second quarter of 2012/13. The present order book and customer forecasts for the fourth quarter of the financial year results in Management’s statement of expected revenue for 2012/13 in the upper part of the announced interval of DKK 230-240 million and operating profit/loss (EBIT) result in the range of DKK 12-14 million.
Yours sincerely,
RTX A/S
Jens Alder Flemming Hynkemejer
Chairman President & CEO
Questions and further information:
Flemming Hynkemejer, President & CEO, tel. +45 96 32 23 00
Appendices
Interim report for the third quarter of 2012/13 comprising:
- Group financial highlights and key ratios
- Management’s review
- Group income statement
- Group balance sheet
- Group equity statement
- Group cash flow statement
- Notes
