Interim report for the first quarter of 2012/13 (the period 1 October 2012 to 31 December 2012)

1/25/2013 6:47 AM EST

RTX
Quarterly report

Interim report for the first quarter of 2012/13 (the period 1 October 2012 to
31 December 2012)

Considerable growth in turnover in RTX during the first quarter

Nørresundby, 2013-01-25 12:47 CET (GLOBE NEWSWIRE) -- 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 2012/13 (covering the period 1 October 2012
to 31 December 2012). 

Summary of the interim report of the RTX Group for the first quarter of 2012/13

  -- Group revenue amounts to DKK 50.5 million in the first quarter of 2012/13
     compared to DKK 44.3 million in the same period last year. The 14.1% growth
     is primarily caused by increased sales in the business unit Enterprise
     & VoIP, where revenue increased from DKK 23.0 million to DKK 28.9
     million equal to a growth of 25.3%. The business unit Design Services
     realized a growth from DKK 20.8 million to DKK 21.1 million in the first
     quarter of 2012/13.
  -- The Group’s gross profit increased from DKK 28.3 million to DKK 29.8
     million, and at the same time the Group’s gross margin decreased in the
     first quarter of the financial year 2012/13 to 59.0% compared to 63.9% last
     year. The decrease is due to the fact that the increase in revenue in the
     first quarter was driven by Enterprise & VoIP, where revenue in general
     has a lower
contribution ratio than revenue in
Design Services. 
  -- As scheduled the 
depreciation on 
intangible assets
 increased in the first quarter of 
2012/13 by DKK 0.3 million compared to the same period last year. 
  -- Operating profit (EBIT) amounts to DKK 1.2 million compared to DKK 1.5
     million last year.
  -- Profit after tax amounts to DKK 1.3 million compared to DKK 1.5 million in
     the same period last year.
  -- As scheduled the company launched and delivered by the end of the quarter
     the first two handsets within the Enterprise segment to NEC, who has been a
     partner to the Group through many years.
  -- The Group’s total cash flow was in the first quarter DKK 3.8 million
     compared to negative DKK 4.2 million in the same period last year.

Both revenue and profit in the first quarter of 2012/13 are in line with
Management’s expectations. 

The Group has continued focus on the execution of the recent years’ investments
in own development projects, and Management expects that these will contribute
to ensure that the Group achieves its revenue and profit goal for the financial
year 2012/13. 



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

Please visit RTX’s website at: www.rtx.dk





Appendices

Interim report for the first 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