Q1 Q2 Q3 Q4
0
40
80
120
160
200
Q1 Q2 Q3 Q4
-20
-10
0
10
20
30
40
Q1 Q2 Q3 Q4
-40
-20
0
20
40
Million DKK
Million DKK
Million DKK
INTERIM REPORT FOR Q2 AND H1 2020/21
REVENUE PER QUARTER
EBITDA PER QUARTER
EBIT PER QUARTER
ANNOUNCEMENT
• Net revenue
• Enterprise segment:
• ProAudio segment:
• Healthcare segment:
“As expected in our outlook for the year, also the second quarter of 2020/21 has been challenged on the demand side due to
COVID-19. However, the second quarter did see a signicant improvement over the rst quarter in 2020/21 and it appears that the
period with the largest impact of COVID-19 on demand is gradually coming to an end. The second quarter was impacted by supply
chain issues from global electronics component scarcity and logistic challenges which has postponed revenue from the second
into the third quarter of the nancial year. Therefore, revenue decreased by 25% compared to the second quarter of last year.
During the second quarter, we delivered the rst products of the newest major Enterprise framework agreement and during the
third quarter we will deliver further products under this agreement as well as the rst products under the newest major ProAudio
framework agreement. Looking ahead to the rest of the year, it is expected that the gradual demand improvement will lead to a
return to the demand levels of the same quarters in recent years in Q3 and Q4 of 2020/21 and we are maintaining the strategic
investments into RTX’s product platforms for our target market segments. On 22 April 2021 we revised the outlook for our nancial
year 2020/21 due to COVID-19 eects on demand, on supply constraints and knock-on eects.”
RTX A/S|||||
• Gross prot
• Operating performanceEBITDA
EBIT
• Cash ows from operations (CFFO)
• Net revenue
• EBITDA
EBIT
• Cash ow from operations (CFFO)
APPENDICES
•
•
•
•
•
•
•
•
• Notes
•
•
•
•
PETER THOSTRUP PETER RØPKE
INVESTOR AND ANALYST MEETING
ENQUIRIES AND FURTHER INFORMATION:
Group Financial Highlights and Key Ratios
(non-audited)
Q2 Q2 H1 H1 FY
Amounts in DKK million 2020/21 2019/20 2020/21 2019/20 2019/20
INCOME STATEMENT ITEMS
BALANCE SHEET ITEMS
OTHER KEY FIGURES
Q2 Q2 H1 H1 FY
Amounts in DKK million 2020/21 2019/20 2020/21 2019/20 2019/20
KEY RATIOS
EMPLOYMENT
SHARES
SHARE DATA. DKK PER SHARE AT DKK 5
Management Report
The Board of Directors of RTX A/S has today
considered and adopted the Group’s interim
report for the second quarter (Q2) and rst
half (H1) of 2020/21 (covering the period 1
October 2020 to 31 March 2021). Comments
on developments in the period follow below.
Enterprise
ProAudio
Q2 Q2 Change
DKK million 20/21 19/20 (%)
Group revenue 88.5 112.7 -21.5%
EBITDA -4.0 11.3 -135.2%
EBIT -11.3 5.7 -297.4%
CFFO
3)
-20.8 23.7 -188.1%
H1 H1 Change
DKK million 20/21 19/20 (%)
Group revenue 149.8 241.0 -37.8%
EBITDA -22.7 32.7 -169.5%
EBIT -36.6 22.0 -266.2%
CFFO
3)
9.9 30.1 -67.1%
Healthcare
gross
prot
Capacity costs
capitalized costs
EBITDA
Depreciations, impairment and amortizations reached
EBIT
Net nancial items
Prot after tax
equity ratio con
total assets
Cash ow from operations (CFFO)
total cash funds and current securities
less bank debt
STATEMENTS ON FUTURE CONDITIONS
Management’s Statement
PETER RØPKE MORTEN AXEL PETERSEN
PETER THOSTRUP JESPER MAILIND
CHRISTIAN ENGSTED LARS CHRISTIAN TOFFT HENRIK SCHIMMELL
KEVIN HARRITSØ FLEMMING VENDBJERG ANDERSEN KURT HEICK RASMUSSEN
Income Statement
(non-audited)
Statement of
Comprehensive Income
(non-audited)
Q2 Q2 H1 H1 FY
Amounts in DKK ‘000 Note 2020/21 2019/20 2020/21 2019/20 2019/20
Revenue 3 88,525 112,744 149,815 241,026 555,869
7,536 6,045 15,668 12,900 28,737
-38,688 -46,477 -69,527 -99,240 -246,574
-13,133 -12,712 -27,585 -27,073 -53,444
-48,223 -48,271 -91,104 -94,892 -176,430
before depreciation and
amortization (EBITDA) -3,983 11,329 -22,733 32,721 108,158
-7,303 -5,611 -13,853 -10,710 -24,587
-11 286 5 718 -36 586 22 011 83 571
1,329 959 1,571 1,925 4,560
-4,373 -3,412 -6,611 -7,140 -7,910
-14 330 3 265 -41 626 16 796 80 221
3,007 -691 8,860 -3,672 -17,075
-11 323 2 574 -32 766 13 124 63 146
-1,4 0 3 -3,9 1 6 7 5
-1,3 0 3 -3,9 1 5 7 4
Q2 Q2 H1 H1 FY
Amounts in DKK ‘000 Note 2020/21 2019/20 2020/21 2019/20 2019/20
-11 323 2 574 -32 766 13 124 63 146
1,377 796 -219 94 -1,983
-510 -1,380 -130 -1,152 -496
113 303 29 253 109
-151 302 -97 302 289
33 -66 21 -66 -63
862 -45 -396 -569 -2 144
-10 461 2 529 -33 162 12 555 61 002
Balance Sheet
(non-audited)
Amounts in DKK ‘000 31.03.21 31.03.20 30.09.20
ASSETS
17,738 20,061 22,065
48,169 29,945 36,738
- 528 -
7,797 7,797 7,797
73 704 58 331 66 600
55,831 38,394 48,917
10,065 8,395 9,123
4,852 4,336 3,958
7,488 3,246 3,143
78 236 54 371 65 141
6,617 7,977 7,938
1,147 1,631 1,806
7 764 9 608 9 744
159 704 122 310 141 485
26 478 17 477 15 182
71,910 84,362 145,436
24,005 23,923 28,403
1,193 1,923 -
4,188 3,803 4,128
4,800 4,178 4,152
106 096 118 189 182 119
114,293 151,024 154,010
114 293 151 024 154 010
8 997 21 230 40 785
255 864 307 920 392 096
415 568 430 230 533 581
Amounts in DKK ‘000 31.03.21 31.03.20 30.09.20
EQUITY AND LIABILITIES
43,214 44,714 43,214
203,714 252,367 203,714
5,574 7,870 5,793
-434 -850 -207
16,411 -4,298 99,678
Equity 268,479 299,803 352,192
54,593 35,178 47,116
1,953 8,881 8 500
1,325 1,305 1,325
13,209 7,949 13,106
71 080 53 313 70 047
4,808 6,152 4,911
2,387 1,910 1,176
32,597 26,293 50,849
1,639 5,919 1,273
- - 11,352
2,589 1,615 2,040
31,989 35,225 39,741
76 009 77 114 111 342
147 089 130 427 181 389
415 568 430 230 533 581
Equity Statement
(non-audited)
Currency Cash Re-
Share Share adjust- ow tained
Amounts in DKK '000 capital premium ments hedging earnings Total
Equity at 30 September 2020 43,214 203,714 5,793 -207 99,678 352,192
- - - - -32 766 -32 766
- - -219 -219
- - -130 -130
- - 29 29
- - -97 -97
- - 21 21
- - -219 -227 50 -396
- - -219 -227 -32 716 -33 162
- - - - 1,616 1,616
- - - - -2,550 -2,550
- - - - 1,913 1,913
- - - - -20,710 -20,710
- - - - -30,820 -30,820
- - - - -50 551 -50 551
43 214 203 714 5 574 -434 16 411 268 479
Currency Cash Re-
Share Share adjust- ow tained
Amounts in DKK '000 capital premium ments hedging earnings Total
Equity at 30 September 2019 44,714 252,367 7,776 - 42,583 347,440
- - - - -2,730 -2,730
- - - - 578 578
Equity at 1 October 2019
44 714 252 367 7 776 - 40 431 345 288
- - - - 13 124 13 124
- - 94 - - 94
- - - -1,152 - -1,152
- - - - 253 253
- - - 302 - 302
- - - - -66 -66
- - 94 -850 187 -569
- - 94 -850 13 311 12 555
- - - - 2,497 2,497
- - - - -1,649 -1,649
- - - - 2,632 2,632
- - - - -20,960 -20,960
- - - - -40,560 -40,560
- - - - -58 040 -58 040
44 714 252 367 7 870 -850 -4 298 299 803
Cash Flow Statement
(non-audited)
Q2 Q2 H1 H1 FY
Amounts in DKK ‘000 2020/21 2019/20 2020/21 2019/20 2019/20
-11,286 5,718 -36,586 22,011 83,571
7,303 5,611 13,853 10,710 24,587
1,102 1,211 2,485 1,834 5,071
-6,037 3,680 -11,303 3,927 6,233
-15,522 17,438 76,889 22,897 -42,881
2,052 -7,663 -24,324 -20,771 8,078
-22 388 25 995 21 014 40 608 84 659
363 805 1,571 1,925 4,560
1,291 -859 -2,521 -2,431 -8,847
-104 -2,291 -10,160 -9,980 -9,779
-20 838 23 650 9 904 30 122 70 593
-6,444 -5,664 -14,576 -11,750 -27,547
-7,832 -1,352 -9,411 -4,084 -7,943
3 - 107 - 262
-33 -24 1,321 -49 -10
37,595 -995 36,722 -1,839 -1,839
23 289 -8 035 14 163 -17 722 -37 077
Q2 Q2 H1 H1 FY
Amounts in DKK ‘000 2020/21 2019/20 2020/21 2019/20 2019/20
-1,446 -1,410 -2,877 -2,825 -5,719
-23,812 -27,999 -30,820 -40,560 -40,560
-20,710 -20,960 -20,710 -20,960 -20,960
-45 968 -50 369 -54 407 -64 345 -67 239
-43,517 -34,754 -30,340 -51,945 -33,723
354 120 -1,448 -381 952
52,160 55,864 40,785 73,556 73,556
8 997 21 230 8 997 21 230 40 785
8,997 21,230 8,997 21,230 40,785
8 997 21 230 8 997 21 230 40 785
Notes
Q2 Q2 H1 H1 FY
Amounts in DKK ‘000 2020/21 2019/20 2020/21 2019/20 2019/20
Revenue
Group 88,525 112,744 149,815 241,026 555,869
EBITDA
Group -3,983 11,329 -22,733 32,721 108,158
EBIT
Group -11,286 5,718 -36,586 22,011 83,571
Notes
Q2 Q1 Q4 Q3 Q2 Q1
Amounts in DKK ‘000 2020/21 2020/21 2019/20 2019/20 2019/20 2019/20
Revenue
Group 88,525 61,290 156,358 158,485 112,744 128,282
Q2 Q2 H1 H1 FY
Amounts in DKK ‘000 2020/21 2019/20 2020/21 2019/20 2019/20
Q2 Q2 H1 H1 FY
Amounts in DKK ‘000 2020/21 2019/20 2020/21 2019/20 2019/20
Q2 Q2 H1 H1 FY
Amounts in DKK ‘000 2020/21 2019/20 2020/21 2019/20 2019/20
Notes
Amounts in DKK ‘000 Level 1 Level 2 Level 3 Total