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 Q3 AND 9M 2020/21
REVENUE PER QUARTER
EBITDA PER QUARTER
EBIT PER QUARTER
ANNOUNCEMENT
• Net revenue
• Enterprise segment:
• ProAudio segment:
“We continue to see the demand situation gradually normalizing, even as COVID-19 still had an impact on the third quarter of
2020/21. For the second quarter in a row we did see signicant quarter-on-quarter improvement in demand and RTX revenue
in the third quarter of 2020/21 increased by 36% over the second quarter and by 97% over the rst quarter of 2020/21. Looking
ahead to the fourth quarter, we have the highest ever order backlog for a quarter in RTX’s history. The supply chain issues from
the global electronics component scarcity and logistic challenges continued in the third quarter of 2020/21 and has postponed
revenue into the fourth quarter of 2020/21. All in all, revenue in the third quarter decreased 24% compared to last year also
impacted by a weaker US dollar - corrected for the dollar development the decrease was 17%. During the quarter, we continued
the initial deliveries under the newest major Enterprise framework agreement, while initial deliveries of products under the newest
major ProAudio framework agreement will continue into the fourth quarter. As we expect continued demand improvement, but
also further supply chain challenges, we are maintaining the outlook for the nancial year 2020/21. Due to the continued supply
challenges uncertainty regarding the remainder of the year is higher than usual. We see the improving demand situation as further
proof that the strategic direction of RTX is sound and we are maintaining the strategic investments into RTX’s product platforms.”
RTX A/S|||||
• Healthcare segment:
• Gross prot
• Operating performanceEBITDA
EBIT
• Cash ows from operations (CFFO)
• Net revenue
• EBITDAEBIT
• Cash ow from operations (CFFO)
APPENDICES
•
•
•
•
•
•
•
•
• Notes
•
•
•
•
PETER THOSTRUP PETER RØPKE
INVESTOR AND ANALYST CONFERENCE CALL
ENQUIRIES AND FURTHER INFORMATION:
Group Financial Highlights and Key Ratios
(non-audited)
Q3 Q3 9M 9M FY
Amounts in DKK million 2020/21 2019/20 2020/21 2019/20 2019/20
INCOME STATEMENT ITEMS
BALANCE SHEET ITEMS
OTHER KEY FIGURES
Q3 Q3 9M 9M 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 third quarter (Q3) and rst
nine months (9M) of 2020/21 (covering the
period 1 October 2020 to 30 June 2021).
Comments on developments in the period
follow below.
Enterprise
ProAudio
Q3 Q3 Change
DKK million 20/21 19/20 (%)
Group revenue 120.6 158.5 -23.9%
EBITDA 10.1 38.9 -74.1%
EBIT 3.0 32.6 -90.9%
CFFO
1)
22.1 48.2 -54.3%
9M 9M Change
DKK million 20/21 19/20 (%)
Group revenue 270.4 399.5 -32.3%
EBITDA -12.7 71.7 -117.7%
EBIT -33.6 54.6 -161.5%
CFFO
1)
32.0 78.4 -59.2%
Healthcare
gross
prot
Capacity costs
capitalized
development costs
EBITDA
Depreciation, amortization and impairment
EBIT
Net nancial items
Prot after tax
equity ratio contin
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)
Q3 Q3 9M 9M FY
Amounts in DKK ‘000 Note 2020/21 2019/20 2020/21 2019/20 2019/20
Revenue 3 120,617 158,485 270,432 399,511 555,869
6,435 7,671 22,103 20,571 28,737
-59,781 -72,585 -129,308 -171,825 -246,574
-12,916 -13,501 -40,501 -40,574 -53,444
-44,287 -41,132 -135,391 -136,024 -176,430
before depreciation and
amortization (EBITDA) 10,068 38,938 -12,665 71,659 108,158
-7,097 -6,330 -20,950 -17,040 -24,587
2,971 32,608 -33,615 54,619 83,571
320 2,548 1,882 1,978 4,560
-1,407 -1,389 -8,009 -6,034 -7,910
1,884 33,767 -39,742 50,563 80,221
-491 -7,500 8,369 -11,172 -17,075
1,393 26,267 -31,373 39,391 63,146
0.2 3.1 -3.8 4.7 7.5
0.2 3.1 -3.7 4.7 7.4
Q3 Q3 9M 9M FY
Amounts in DKK ‘000 Note 2020/21 2019/20 2020/21 2019/20 2019/20
1,393 26,267 -31,373 39,391 63,146
-392 -716 -611 -622 -1,983
287 278 157 -874 -496
-64 -61 -35 192 109
61 587 -36 889 289
-13 -129 8 -195 -63
-121 -41 -517 -610 -2,144
1,272 26,226 -31,890 38,781 61,002
Balance Sheet
(non-audited)
Amounts in DKK ‘000 30.06.21 30.06.20 30.09.20
ASSETS
56,437 20,039 22,065
10,431 34,701 36,738
- 264 -
7,797 7,797 7,797
74,665 62,801 66,600
58,997 36,927 48,917
13,631 9,432 9,123
2,814 4,269 3,958
11,044 3,187 3,143
86,486 53,815 65,141
6,884 7,966 7,938
1,210 1,562 1,806
8,094 9,528 9,744
169,245 126,144 141,485
23,370 19,359 15,182
95,151 106,293 145,436
21,355 28,587 28,403
994 - -
3,442 4,304 4,128
4,773 4,487 4,152
125,715 143,671 182,119
101,838 153,042 154,010
101,838 153,042 154,010
15,926 57,490 40,785
266,849 373,562 392,096
436,094 499,706 533,581
Amounts in DKK ‘000 30.06.21 30.06.20 30.09.20
EQUITY AND LIABILITIES
43,214 43,214 43,214
203,714 203,714 203,714
5,182 7,154 5,793
-86 15 -207
5,225 74,225 99,678
Equity 257,249 328,322 352,192
56,941 34,112 47,116
2,425 11,993 8,500
1,325 1,305 1,325
13,015 11,177 13,106
73,706 58,587 70,047
5,795 5,860 4,911
1,460 710 1,176
37,747 56,382 50,849
1,505 3,662 1,273
- 1,905 11,352
2,289 1,415 2,040
56,343 42,863 39,741
105,139 112,797 111,342
178,845 171,384 181,389
436,094 499,706 533,581
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
- - - - -31,373 -31,373
- - -611 - - -611
- - - 157 - 157
- - - - -35 -35
- - - -36 - -36
- - - - 8 8
- - -611 121 -27 -517
- - -611 121 -31,400 -31,890
- - - - 3,233 3,233
- - - - -2,637 -2,637
- - - - 1,910 1,910
- - - - -20,710 -20,710
- - - - -44,849 -44,849
- - - - -63,053 -63,053
Equity at 30 June 2021 43,214 203,714 5,182 -86 5,225 257,249
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
- - - - 39,391 39,391
- - -622 - - -622
- - - -874 - -874
- - - - 192 192
- - - 889 - 889
- - - - -195 -195
- - -622 15 -3 -610
- - -622 15 39,388 38,781
- - - - 4,039 4,039
- - - - -875 -875
- - - - 2,632 2,632
- - - - -20,960 -20,960
-1,500 -48,653 - - 50,130 -23
- - - - -40,560 -40,560
-1,500 -48,653 - - -5,594 -55,747
Equity at 30 June 2020 43,214 203,714 7,154 15 74,225 328,322
Cash Flow Statement
(non-audited)
Q3 Q3 9M 9M FY
Amounts in DKK ‘000 2020/21 2019/20 2020/21 2019/20 2019/20
2,971 32,608 -33,615 54,619 83,571
7,097 6,330 20,950 17,040 24,587
1,708 1,643 4,193 3,477 5,071
2,526 -1,477 -8,777 2,450 6,233
-19,470 -27,290 57,419 -4,393 -42,881
28,249 37,498 3,925 16,727 8,078
23,081 49,312 44,095 89,920 84,659
311 53 1,882 1,978 4,560
-1,292 -1,213 -3,813 -3,644 -8,847
-50 93 -10,210 -9,887 -9,779
22,050 48,245 31,954 78,367 70,593
-4,874 -7,631 -19,450 -19,381 -27,547
-6,558 -2,496 -15,969 -6,580 -7,943
- - 107 - 262
-267 11 1,054 -38 -10
12,000 - 48,722 -1,839 -1,839
301 -10,116 14,464 -27,838 -37,077
Q3 Q3 9M 9M FY
Amounts in DKK ‘000 2020/21 2019/20 2020/21 2019/20 2019/20
-1,536 -1,500 -4,413 -4,325 -5,719
-14,029 - -44,849 -40,560 -40,560
- - -20,710 -20,960 -20,960
-15,565 -1,500 -69,972 -65,845 -67,239
6,786 36,629 -23,554 -15,316 -33,723
143 -369 -1,305 -750 952
8,997 21,230 40,785 73,556 73,556
15,926 57,490 15,926 57,490 40,785
15,926 57,490 15,926 57,490 40,785
15,926 57,490 15,926 57,490 40,785
Notes
Q3 Q3 9M 9M FY
Amounts in DKK ‘000 2020/21 2019/20 2020/21 2019/20 2019/20
Revenue
Group 120,617 158,485 270,432 399,511 555,869
EBITDA
Group 10,068 38,938 -12,665 71,659 108,158
EBIT
Group 2,971 32,608 -33,615 54,619 83,571
Notes
Amounts in Q3 Q2 Q1 Q4 Q3 Q2 Q1
DKK ‘000 2020/21 2020/21 2020/21 2019/20 2019/20 2019/20 2019/20
Revenue
Group 120,617 88,525 61,290 156,358 158,485 112,744 128,282
Q3 Q3 9M 9M FY
Amounts in DKK ‘000 2020/21 2019/20 2020/21 2019/20 2019/20
Q3 Q3 9M 9M FY
Amounts in DKK ‘000 2020/21 2019/20 2020/21 2019/20 2019/20
Q3 Q3 9M 9M 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
at 30 June 2021 101,838 -269 - 101,569
at 30 June 2020 153,042 -47 - 152,995