RTX — Management Reports 2024

Nov 28, 2024

RTX A/S | www.rtx.dk Strømmen 6 9400 Nørresundby, DK

Announcement

To Nasdaq Copenhagen A/S and the press

Nørresundby, Denmark, 28 November 2024 Announcement no. 44/2024 Number of pages: 1

Outlook for 2024/25

RTX's financial outlook for 2024/25 reflects limited market visibility as the industry as a whole is facing significant short-term uncertainty, compounded by macro-economic and geopolitical factors.

RTX's financial outlook for 2024/25 is:

• Revenue DKK 490-520 million
• EBITDA DKK 0-20 million
• EBIT DKK -35 to -15 million

Assumptions for the outlook for 2024/25:

• Customer focus on avoiding inventory, which is reflected in short order horizons.
• No material changes in competitive situation and market landscape.
• RTX revenue driven by a combination of product sales to existing customers and ramp up of new products to both existing and new customers.
• Component and logistic costs are expected to have limited overall impact as the supply situation is normalizing, and we continue to focus on cost optimization.
• Capacity costs are expected to be impacted by inflationary pressures but counterbalanced by cost savings.

RTX continues to expand the customer portfolio, in order to diversify the risk and establishing a more robust portfolio across segments.

Long-term ambition

RTX's long-term ambition of reaching total revenue of DKK 1 billion and an EBITDA margin above 16% through growth in all three business segments remains intact. However, achieving these milestones in 2025/26, which was the original aspiration, is no longer realistic. The current uncertainty and lack of visibility prevents RTX from setting a new specific year for achieving the ambition at this stage.

RTX announces its annual report for 2023/24 on 28 November 2024.

Enquiries and further information:

CFO Mille Tram Lux, Chair Peter Thostrup, Tel. +45 96 32 23 00 RTX's homepage: www.rtx.dk