Interim report for the first quarter of 2011/12 (the period 1 October 2011 to 31 December 2011)

 | Source: RTX A/S RTX A/S

Growth in revenue and profit in RTX Telecom   

 

The Supervisory Board of RTX Telecom A/S has today considered and adopted the Group’s interim report for the first quarter of the financial year 2011/12 (covering the period 1 October 2011 to 31 December 2011).

 

Summary of the interim report of the RTX Telecom Group for the first quarter of 2011/12

 

  • Group revenue amounts to DKK 44.3 million compared to DKK 39.3 million in the same period last year, which is an increase in revenue of 12.6%.
  • RTX Products’ external revenue increases with DKK 1.0 million in the first quarter compared to the same period last year.
  • Considerable increase in revenue in RTX Technology in first quarter amounts to DKK 4.7 million equal to a growth of 29% compared to last year. The growth is due to increased activity within customer financed development projects and continued growth within the ODM business.
  • Operating profit (EBIT) amounts to DKK 1.5 million compared to a loss of DKK 1.1 million in the same period last year. 
  • Gross margin increased from 61.4% in the first quarter of 2010/11 to 63.9% in the first quarter of 2011/12.
  • Profit after tax amounts to DKK 1.5 million compared to a loss of DKK 2.4 million in the same period last year.
  • The Group’s cash flow from operations is in the first quarter of 2011/12 negative with DKK 1.8 million.
  • The Group maintains its expectations to the financial year 2011/12, with revenue in the range of DKK 205-225 million, and an operating profit (EBIT) from continuing operations in the range of DKK 10-12 million.

 

The result for the first quarter is thus in line with Management’s expectations.

 

The Group has continued focus on own development projects, and the Management expects that these investments and the ongoing completion of more development projects in 2011/12 will contribute to ensure that the Group achieves its revenue and profit goal for the financial year.

 

 

 

 

Yours sincerely,

RTX Telecom A/S

 

 

Jens Alder                                                          Jesper Mailind

Chairman                                                            President & CEO

 

 

 

 

                                                                                      

Questions and further information:

Jesper Mailind, President & CEO, tel. +45 96 32 23 00

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

 

 

Appendices

Interim report for the first quarter of 2011/12 comprising:

  • Group financial highlights and key ratios
  • Management’s review
  • Group income statement
  • Group balance sheet
  • Group equity statement
  • Group cash flow statement
  • Notes

Attachments

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