The Supervisory Board of RTX Telecom A/S has today considered and adopted the
Group's interim report for the third quarter of the financial year 2007/08 (the
period 1 October 2007 to 30 June 2008).
Summary of the interim report of the RTX Telecom Group for the third quarter of
2007/08
• In the third quarter of 2007/08, net turnover from continuing operations
amounts to DKK 67.8 million compared to DKK 41.8 million in the same period
last year. In the first nine months of the financial year, net turnover amounts
to DKK 176.6 million compared to DKK 140.1 million in the same period last
year.
• In the third quarter of 2007/08, operating profit/loss (EBIT) in continuing
operations amounts to DKK -7.8 million compared to DKK -20.7 million in the
same period last year. In the first nine months of the financial year, EBIT
amounts to DKK -23.8 million compared to DKK -61.8 million in the same period
last year.
• The Group's cash and short-term current asset investments less bank debt
amounted to DKK 93.5 million at 30 June 2008, which is an increase of DKK 16.4
million compared to the same time last year.
• RTX Telecom has sold its shares in the wholly-owned subsidiary RTX Healthcare
to one of the world's leading suppliers of telehealth solutions.
• The Group maintains the turnover and earnings expectations for the present
financial year 2007/08. Net turnover from continuing operations is expected to
amount to DKK 240 - 270 million, and an operating profit/loss (EBIT) in
continuing operations is expected in the range from DKK -30 million to DKK -15
million.
As part of its continued focus and the ongoing turn-around process, the Group
sold its shares in RTX Healthcare in June 2008. In the Group's interim report
for the third quarter of 2007/08, the discontinued operations are presented in
accordance with IFRS 5, which means, among other things, that profit/loss after
tax from discontinued operations is shown separately in the Group's profit and
loss account and that the related comparative figures have been restated. The
business unit RTX Healthcare is classified as discontinuing operations in the
interim report. The Group's continuing activities comprise the business units
RTX Technology, RTX Consumer Products and RTX Network Systems.
The Group's net turnover and operating profit/loss (EBIT), as a whole, have
shown noticeable progress compared to the third quarter in the previous
financial year 2006/07 as the activities in the two largest business units, RTX
Technology and RTX Consumer Products, still show a satisfactory development.
The business unit RTX Network Systems, however, is not expected to be able to
meet the sales and earnings expectations for the financial year 2007/08.
Yours sincerely
Poul Lind
Chairman of the Board
Tage Rasmussen
Chief Executive Officer
Questions and further information:
CEO Tage Rasmussen, tel. +45 96 32 23 00
