Today, the Supervisory Board has considered and approved the annual report of
RTX Telecom A/S for the financial year 2007/08 for the period 1 October 2007 to
30 September 2008.
Summary of the annual report for 2007/08 for the RTX Telecom Group
• Net turnover from continuing operations has increased by 20.7% amounting to
DKK 250.3 million against DKK 207.3 million last year.
• Operating profit/loss (EBIT) from continuing operations amounts to a negative
DKK 21.0 million against a negative DKK 95.7 million in 2006/07. In the
comparative year EBIT was affected by a provision for bad debt of DKK 30.0
million.
• Profit/loss after tax amounts to a negative DKK 25.7 million compared to a
negative DKK 47.3 million in 2006/07.
• The Group's cash and current asset investments amounted to DKK 99.5 million
at 30 September 2008, which is a decrease of DKK 16.2 million compared to the
same time last year.
• At 30 September 2008, the Group's equity amounted to DKK 221.1 million, which
is a decline of DKK 35.9 million compared to last year.
• In the financial year, RTX Telecom entered into a strategic sales and
marketing cooperation with Brazilian partners and set up a subsidiary in São
Paulo, Brazil.
• In the financial year, RTX Telecom sold its shares in the wholly-owned
subsidiary RTX Health-care to one of the world's leading suppliers of
telehealth solutions.
Prospects for the financial year 2008/09
• Management expects for the financial year 2008/09 a moderate increase in net
turnover compared to the financial year 2007/08 and an operating profit/loss
(EBIT) around break-even.
