RTX — Earnings Release 2012

May 14, 2012

Revenue in second quarter is weaker than expected, but major customer contract
is signed

The Supervisory Board of RTX A/S has today considered and adopted the Group’s
interim report for the second quarter of the financial year 2011/12 (covering
the period 1 January 2012 to 31 March 2012).

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

-- Group revenue amounts to DKK 46.6 million for the second quarter of 2011/12
compared to DKK 52.1 million in the same period last year. The decrease in
revenue of 10.6% is due to a decline in Enterprise & VoIP (former RTX
Products), where revenue decreased from DKK 34.4 million to DKK 24.1
million in the second quarter of 2011/12. Revenue in Design Services
(former RTX Technology) increased from DKK 16.9 million in the second
quarter of 2010/11 to DKK 21.9 million in the second quarter of 2011/12,
equal to an increase in revenue of 29.5%. It is especially continued
progress within the business unit’s ODM business that is the main reason
for the growth.
-- The Group’s gross margin amounts to 62.6% in the second quarter of 2011/12
compared to a gross margin of 58.7% in the same period last year. Despite
the improved gross margin, the decline in revenue resulted in a decrease in
the Group’s gross profit by DKK 1.4 million, from DKK 30.6 million in the
second quarter of 2010/11 to DKK 29.2 million in the second quarter of
2011/12.
-- Operating profit (EBIT) amounts to DKK 0.1 million compared to DKK
3.8 million in the same period last year.
-- Profit after tax amounts to DKK -0.4 million compared to a profit of DKK
2.7 million in the same period last year.
-- Within the Enterprise segment is signed a contract with a global PBX
supplier concerning development and delivery of the second handset from
RTX’s new handset range.
-- Inventories increased in the second quarter due to sourced components for
planned customer orders for the third quarter and a larger withheld
customer order. Despite increased stocks the Group achieved a positive cash
flow from operations of DKK 1.0 million compared to DKK 8.5 million in the
same period last year.

Revenue and the result for the second quarter of 2011/12 has not come up to
management’s expectations. The uncertainty in the macroeconomic conditions
affects RTX through fluctuations in customer forecasts and the customers’
reluctance to enter new development contracts. Unfortunately, this will affect
RTX on the short term. The management still expects that the latest years’
investments by the Group in new platforms, products and technologies will
somewhat compensate for the global uncertainty and will create foundation for
growth in the longer term.

For the second half-year the management expects increased revenue within
Enterprise & VoIP due to new product launches.

On this background, the management refines the Group forecast on revenue in
2011/12 to be on a par with the year before (DKK 205 million) and maintains
that the forecast on operating profit/loss (EBIT) is expected to be 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

At 9 am on 15 May 2012 RTX A/S will hold a conference call. At the meeting
President & CEO Jesper Mailind and CFO Jacob Vittrup will comment on the
half-year report 2011/12, and will answer questions, if any. The password for
the conferece call can be optained by contacting ir@rtx.dk.

Appendices

Interim report for the second 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