RTX — Earnings Release 2012

Aug 20, 2012

Third quarter as expected in a difficult market

The Supervisory Board of RTX A/S has today considered and adopted the Group’s
interim report for the third quarter of the financial year 2011/12 (covering
the period 1 April 2012 to 30 June 2012).

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

-- Group revenue amounts to DKK 53.3 million for the third quarter of 2011/12
compared to DKK 50.2 million in the same period last year. The increase in
revenue of 6.3% is due to growth in Design Services (former RTX
Technology), where revenue increased from DKK 18.4 milllion to DKK 22.6
million in the third quarter of 2011/12, equal to an increase in revenue of
22.6%. Revenue in Enterprise & VoIP (former RTX Products) was for the
third quarter of 2011/12 on level with revenue for the third quarter of
2010/11.
-- The Group’s gross margin amounts to 57.2% for the third quarter of 2011/12
compared to a gross margin of 60.0% for the same period last year. The
Group’s gross profit increased by DKK 0.4 million in the third quarter,
from DKK 30.1 million in the third quarter of 2010/11 to DKK 30.5 million
in the third quarter of 2011/12.
-- Operating profit (EBIT) amounts to DKK 2.6 million which is on level with
the same period last year.
-- Profit after tax amounts to DKK 3.1 million compared to a profit of DKK 2.8
million for the same period last year.
-- As planned the Group launched and delivered the first handset at the end of
the quarter. This handset is for one of the global PBX providers in the
Enterprise segment with whom a development and supply agreement is signed.
In the third quarter external refunds of DKK 2.2 million from Enterprise
partners concerning the Enterprise platform was offset directly on the
intangible assets (own development assets).
-- The Group’s total cash flow amounts to DKK -2.3 million compared to DKK
-9.0 million in the same period last year.

Revenue and result for the third quarter of 2011//12 have overall come up to
management’s expectations. However, the continued uncertainty in the
macroeconomics conditions affects RTX more and more. During summer the Group’s
Enterprise segment has been impacted by reduced customer forecasts and orders
that are delayed or attempted to be reduced. At the same time, the Group’s
Design Services business experiences that some of the customers’ development
projects are postponed or put on hold. Unfortunately, this has affected RTX in
the short term, wherefore it is no longer considered realistic to achieve the
previously expected revenue and result for the Group’s fourth quarter. For the
fourth quarter of the financial year 2011/12, management thus expects revenue
to be somewhat below revenue for the third quarter of 2011/12.

On this background, RTX adjust the Group forecast on revenue and result for the
financial year 2011/12. RTX expects revenue to be around DKK 190 million and an
EBIT result in the range of DKK 2-3 million. The previously announced
expectation for the financial year 2011/12 was revenue around DKK 205 million
and an EBIT in the range of DKK 10-12 million.

Yours sincerely,

RTX A/S

Jens Alder Jesper
Mailind

Chairman President &
CEO

Questions and further information:

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

Appendices

Interim report for the third 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