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 2014/15 (covering the period 01.10.2014 – 31.12.2014).
Summary of the First quarter of the financial year 2014/15 for the RTX Group
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Net revenue amounted to DKK 76.7 million in the first quarter of the financial year 2014/15 compared to DKK 68.6 million in the same period last year. The increase in revenue amounted to 11.9%.
- Enterprise & VoIP saw an increase of 12.0% in the first quarter.
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Design Services saw an increase of 11.1% in the first quarter.
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Gross profit increased from DKK 38.1 million to DKK 44.7 million, and as a consequence of the mix in revenue the Group’s gross margin increased to 58.3% in the first quarter compared to 55.6% last year.
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As expected the capacity costs were DKK 5.2 million higher than last year. The increase is primarily due to more employments.
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For the development of a new handset platform designed for use in special environments requiring robust products, DKK 0.3 million were capitalized in the first quarter of 2014/15.
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As expected depreciations on intangible assets decreased in the first quarter of 2014/15 by DKK 0.9 million compared to the same period last year.
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Operating profit (EBIT) amounted to DKK 11.2 million compared to DKK 8.8 million last year.
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Profit after tax amounted to DKK 12.7 million compared to DKK 8.5 million in the same period last year.
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Cash flows from operations amounted to DKK 5.8 million in the first quarter compared to DKK 5.3 million in the same period last year.
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The development in the first quarter of the financial year 2014/15 confirms the expectations announced in connection with the Annual Report for 2013/14 (ref. Announcement no. 63/2014 of 25 November 2014), in which RTX expects revenue in the interval of DKK 305-310 million and EBIT in the interval of DKK 38-42 million and EBITDA in the interval of DKK 46-50 million.
RTX A/S
Peter Thostrup
Chairman
Flemming Hynkemejer
President & CEO
Questions and further information:
Flemming Hynkemejer, President & CEO, tel. +45 96 32 23 00
Appendices
Interim report for the first quarter of 2014/15 comprising:
- Group financial highlights and key ratios
- Management’s review
- Group income statement
- Statement of comprehensive income
- Group balance sheet
- Group equity statement
- Group cash flow statement
- Notes