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RTX — Earnings Release 2016
Apr 20, 2016
3413_iss_2016-04-20_283c9de1-82e9-4497-b93c-7e059e96a719.pdf
Earnings Release
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Announcement To Nasdaq Copenhagen A/S and the press
Nørresundby, Denmark, 20 April 2016 Announcement no. 26/2016 Number of pages: 1
RTX raises the financial expectations
"During the first six months of the financial year our customers have demanded for more products and services from us compared to our previous expectations. At the same time we see a continued increasing interest, both from new and existing customers, in investing in products and wireless concepts within RTX's competencies. On this background we today raise our expectations, says Acting CEO Jacob Vittrup".
During the first six months RTX has experienced higher revenue and EBIT than expected, and at the same time our order book for the next six months is very positive in both divisions in RTX. Both divisions continue to attract new customer projects and customers. Based on the overall development we raise our expectations for revenue and profit for the year.
In connection with the issue of our annual report for 2014/15 on 25 November 2015 the expectations for the financial year 2015/16 were announced. Expected revenue was then in the range of DKK 365-380 million and operating profit (EBIT) in the range of DKK 54-60 million with an EBITDA in the range of DKK 58-66 million.
Revenue for 2015/16 is now expected in the range of DKK 385-400 million and EBIT is expected to be in the range of DKK 60-67 million with an EBITDA in the range of DKK 64-71 million.
Questions and further information
Acting CEO Jacob Vittrup, tel: +45 96 32 23 00.
Yours sincerely
Peter Thostrup Jacob Vittrup Chairman of the Board Acting CEO
RTX A/S Strømmen 6 DK-9400 Nørresundby, Danmark Tel : +45 96 32 23 00 Fax : +45 96 32 23 10 VAT# : DK 17 00 21 47 Web : www.rtx.dk E-mail : [email protected]