Interim Report for Q2 2015/16 (01 January - 31 March 2016)

Udgivet den 10-05-2016  |  kl. 11:05  |  

RTX reaches milestone in revenue of DKK 100 million in the quarter

The Supervisory Board of RTX A/S has today considered and adopted the Group's interim report for the second quarter of the 2015/16 financial year (covering the period 01.01.2016 - 31.03.2016).

Summary of the second quarter of the financial year 2015/16 for the RTX Group

  • Net revenue amounted to DKK 102.6 million in the second quarter of the 2015/16 financial year corresponding to a revenue increase of 11.7% compared to last year's net revenue of DKK 91.9 million. Growth over the quarter was positively affected by the favourable exchange rate for USD. At the same time Growth was negatively affected by the ceased income from leaseholders, as the premises in Nørresundby was sold. Adjusted for the mentioned effects, revenue Growth was 8%. Revenue apportioned across RTX's business units is as follows:
    • Business Communications (previously ProTelecom) rose by DKK 7.7 million corresponding to an increase of 12.2%.
    • Design Services increased revenue by DKK 4.0 million corresponding to an increase of 14.0%.
       
  • The Group's gross profit increased from DKK 50.7 million to DKK 61.6 million and as a consequence of the revenue mix, the Group's gross margin increased from 55.1% to 60.1%.
     
  • Capacity costs were affected by increased external lease costs as a consequence of the sale of the premises in Nørresundby (see announcement 76/2015) and increased staff costs as a consequence of the higher level of activity.
     
  • Operating profit (EBIT) totalled DKK 21.8 million compared to DKK 14.4 million last year corresponding to a growth of 51%.
     
  • The Group's cash flow from operating activities for the second quarter was DKK 17.2 million compared to DKK 20.7 million for the same period last year.
     
  • As previously communicated (see announcement no. 76/2015) RTX entered an agreement concerning the sale of the company's premises in Nørresundby. The deal brought in a value on a par with the book value of DKK 71.5 million, and in this connection the mortgage debt has been settled. Overall, this has affected the cash flows in the quarter positively.
     
  • The development in the second quarter confirms the newly raised expectations (see announcement no. 26/2016 of 20 April 2016) in which RTX expects revenue in the range of DKK 385-400 million and EBIT in the range of DKK 60-67 million and an EBITDA in the range of DKK 64-71 million.
     

Summary of the first six months of 2015/16 for the RTX Group

  • Net revenue amounted to DKK 194.5 million in the first six months of 2015/16 equivalent to an increase of 15.3% compared to last year's revenue of DKK 168.6 million. Adjusted for the exchange rate and lease income effects, the growth in revenue was 7.4%. Revenue apportioned across RTX's business units is as follows:
    • Business Communications (previously ProTelecom) rose by DKK 17.6 million corresponding to an increase of 15.5%.
    • Design Services increased revenue by DKK 9.0 million corresponding to an increase of 17.0%.
       
  • The Group's gross profit increased from DKK 95.4 million to DKK 115.8 million and as a consequence of the revenue mix, the Group's gross margin increased from 56.6% to 59.6%.
     
  • Capacity costs were affected by increased staff costs and higher lease costs.
     
  • Operating profit (EBIT) totalled DKK 33.9 million compared to DKK 25.6 million last year corresponding to a growth of 32%.
     
  • The Group's cash flow from operating activities for the first six months was DKK 19.9 million compared to DKK 26.4 million for the same period last year.

RTX A/S

Peter Thostrup
Chairman Acting

Jacob Vittrup
CEO

  

On Thursday, 12 May 2016 at 10 am, RTX will hold a meeting for investors and analysts at ABG Sundal Collier, Forbindelsesvej 12, 2100 Copenhagen. At this meeting, the Company's management will comment on the Group's interim report for the second quarter of 2015/16.
To register for the meeting, please email rind.danielsson@abgsc.dk.

Vedhæftede filer:

FB2016 30_UK Interim report Q2 2015-16.pdf

Udgivet af: NPinvestordk

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