| Previous close | 180.20 |
| Open | 180.40 |
| Bid | 180.80 x 0 |
| Ask | 181.00 x 0 |
| Day's range | 180.40 - 181.20 |
| 52-week range | 166.50 - 299.00 |
| Volume | 1,154 |
| Avg. volume | 13,639 |
| Market cap | 1.487B |
| Beta (5Y monthly) | 0.67 |
| PE ratio (TTM) | 89.20 |
| EPS (TTM) | 2.03 |
| Earnings date | 28 Jan 2021 |
| Forward dividend & yield | 2.50 (1.32%) |
| Ex-dividend date | 29 Jan 2021 |
| 1y target est | 7.00 |
- Globe Newswire
Share repurchase programme
Noerresundby, Denmark, 7 May 2021Announcement no. 29/2021 The Board of Directors of RTX has, cf. company announcement no. 38 dated 25. November 2020, resolved to initiate a share buy-back programme in accordance with the provisions of Article 5 Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 (MAR) and the Commission’s delegated Regulation (EU) 2016/1052 of 8 March 2016, also referred to as the "Safe Harbor" rules. Under the programme RTX will buy back shares for an amount up to DKK 50 million and no more than 500,000 shares in the period from 25 November 2020 to 30 September 2021. The following transactions have been made under the programme in the period from 30 April 2021 to 7 May 2021: Number of sharesAverage purchase priceTransaction value in DKKAccumulated, latest announcement 174,900 202.32 35,385,987 3 May 20211,300190.08247,1044 May 20211,000190.83190,8305 May 20211,000188.90188,9006 May 20211,100184.67203,137Accumulated under the programme 179,300 201.99 36,215,958 With the transactions stated above, RTX A/S owns a total of 424,686 of treasury shares, corresponding to 4.91% of the share capital. The total number of shares in the company is 8,642,838 including treasury shares. In accordance with the Regulation (EU) No. 596/2014, transactions related to the share buy-back programme are presented in detailed form in the appendix attached to this company announcement. Enquiries and further information: CEO Peter Røpke, tel +45 96 32 23 00RTX’s homepage: www.rtx.dk Attachment RTX CA No 29-2021 - 07.05.21 - Share repurchase programme
- Globe Newswire
IMPROVED DEMAND BUT SUPPLY CONSTRAINTS IN Q2
Announcement To Nasdaq Copenhagen A/S and the press Nørresundby, Denmark, 27 April 2021Announcement no. 27/2021 INTERIM REPORT FOR Q2 AND H1 2020/21(the period 01.10.2020 - 31.03.2021) “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 significant improvement over the first 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 financial year. Therefore, revenue decreased by 25% compared to the second quarter of last year. During the second quarter, we delivered the first 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 first 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 financial year 2020/21 due to COVID-19 effects on demand, on supply constraints and knock-on effects.” Peter Røpke, CEO HIGHLIGHTS Q2 2020/21 FOR THE RTX GROUP Net revenue decreased by 21.5% to DKK 88.5 million in Q2 2020/21 (Q2 2019/20: DKK 112.7 million). As expected and as communicated in the outlook for 2020/21, Q2 revenue were significantly impacted by COVID-19 in the Enterprise and ProAudio segments. However, demand and revenue improved over Q1 - revenue in Q2 increased by 44.4% over revenue in Q1. Supply challenges related to component scarcity had an adverse impact on the revenue development in Q2. Enterprise segment: Revenue decreased 25.1% to DKK 58.6 million. The decrease is seen in most parts (customers, product groups) of the Enterprise segment. Customer orders in the quarter have been negatively impacted by COVID-19 effecting customers’ access to end customer sites for installation of communication systems. Further, revenue has been significantly negatively impacted by component scarcity and supply chain challenges which postpones revenue into Q3.ProAudio segment: Revenue decreased by 26.0% to DKK 21.6 million. The decline is mainly due to significantly lower revenue from engineering services compared to last year in line with the strategy to focus on creating recurring revenue from product sales and royalties. However, COVID-19 has impacted product sales in the quarter negatively compared to last year especially for products in the intercom market related to live events.Healthcare segment: Revenue increased by 55.3% to DKK 8.4 million. Revenue growth is driven by the conversion into deliveries of a full ODM product instead of purely modules for part of the deliveries. Supply chain challenges has had a negative effect on revenue in the quarter postponing some revenue into Q3. In total, the combined effect of the component scarcity and supply chain challenges across all segments have postponed revenue of approx. DKK 30 million from Q2 into Q3. FX corrected revenue development amounted to a decrease of 14.9% as revenue compared to last year was negatively impacted by the weaker US dollar. Gross profit decreased by 24.8% to DKK 49.8 million in Q2 2020/21 (Q2 2019/20: DKK 66.3 million). The gross margin decreased to 56.3% (Q2 2019/20: 58.8 %) primarily impacted by the revenue mix with a significantly lower share of revenue from engineering services and secondarily by the specific product mix.Operating performance was impacted by the lower revenue with EBITDA of DKK -4.0 million in Q2 2020/21 (Q2 2019/20: DKK 11.3 million) and EBIT of DKK -11.3 million in Q2 2020/21 (Q2 2019/20: DKK 5.7 million). Given the global uncertainty created by the COVID-19 pandemic, RTX has continued the cautious management of the cost base and therefore capacity costs is at the same level as Q2 of last year.Cash flows from operations (CFFO) amounted to DKK -20.8 million in Q2 2020/21 compared to DKK 23.7 million in Q2 2019/20 as a result of the developments in earnings and of the working capital developments with increasing receivables at the end of the quarter compared to the beginning of the quarter. SUMMARY H1 2020/21 FOR THE RTX GROUP Net revenue decreased by 37.8% to DKK 149.8 million in H1 2020/21 (H1 2019/20: DKK 241.0 million). As expected and as communicated in the outlook for 2020/21, H1 revenue were significantly impacted on the demand side by COVID-19 in the Enterprise and ProAudio segments. Also, revenue was adversely impacted by supply chain challenges related to component scarcity. In H1 2020/21, Enterprise segment revenue decreased 43.9% to DKK 94.1 million, ProAudio segment revenue decreased 34.9% to DKK 40.6 million, while Healthcare revenue increased 38.8% to DKK 15.1 million. FX corrected revenue development amounted to a decrease of 32.7% as revenue compared to last year was negatively impacted by the weaker US dollar.As a result of the lower revenue, earnings decreased with EBITDA of DKK -22.7 million (H1 2019/20: DKK 32.7 million) and EBIT of DKK -36.6 million (H1 2019/20: DKK 22.0 million). Throughout the first six months of 2020/21, RTX has maintained a cautious management of capacity costs which are below the level of last year.Cash flow from operations (CFFO) amounted to DKK 9.9 million in H1 2020/21 (H1 2019/20: DKK 30.1 million). OUTLOOK FOR 2020/21 REVISED ON 22 APRIL As stated when announcing the outlook of RTX for FY 2020/21, uncertainty regarding the actual developments in 2020/21 were higher than in recent years due to the impact of the COVID-19 pandemic. As further stated in the interim report for Q1 2020/21, the uncertainty remained high after the first quarter. As also stated in the interim report for Q1 2020/21, supply chain challenges including global component scarcity further created higher than usual uncertainty regarding 2020/21. With increased knowledge of the impact of COVID-19, supply chain constraints and knock-on effects on FY 2020/21, RTX reduced the expectations regarding revenue and earnings on 22 April 2021 in company announcement 25/2021. The revised outlook for FY 2020/21 is revenue of DKK 450-500 million, EBITDA of DKK 30-55 million and EBIT of DKK 0-25 million.The lower expected revenue and earnings in FY 2020/21 are caused by larger than originally expected demand impact of COVID-19 on the Enterprise (limitations on customer access to end customer sites for installation of communication systems) and ProAudio (part of market related to live events affected by lockdowns) segments. It is further caused by COVID-19 having made the finalization of development and the production preparation of new products more challenging which has caused postponement of part of the initial deliveries. This is now expected to cause part of the next deliveries, previously expected for the end of this financial year, to move into Q1 of FY 2021/22 instead.Demand is expected to continue to increase over the second half of the year based on current customer orders and customer forecasts. The global supply chain constraints will likely lead to postponements of some deliveries from Q3 into Q4 of FY 2020/21. The actual revenue and earnings for 2020/21 will depend on the exact timing of delivery of larger orders under framework agreements around the change of financial year (i.e. September/October 2021) and the expectations for the year further assumes that the impact of supply chain constraints on deliveries will remain within the expected levels. Uncertainty in 2020/21 is higher than in recent years due to the impact of COVID-19 on global macroeconomic development, demand patterns and global supply chains and thus uncertainty associated with the outlook for the year is also higher than in recent years. SHARE BUY-BACK PROGRAMME CONTINUING In line with the updated policy on capital structure communicated in the annual report for 2019/20 and as announced in company announcement 38/2020, RTX continues to execute a share buy-back programme for an amount up to DKK 50 million during the period 25 November 2020 to 30 September 2021. RTX A/S PETER THOSTRUP PETER RØPKEChairman President and CEO Investor and analysts conference callOn Wednesday, 28 April 2021 at 8.30 am, RTX will hold a conference call for investors and analysts hosted by Danske Bank. In this conference call, the Company’s management will comment on the interim report for the second quarter of 2020/21. To register for the conference call, please e-mail lomo@danskebank.dk. Enquiries and further information:CEO Peter Røpke, tel +45 96 32 23 00CFO Morten Axel Petersen, tel +45 96 32 23 00RTX’s homepage: www.rtx.dk Attachment RTX CA No 27-2021 - 27.04.21 - Interim Report Q2 2020-21
- Globe Newswire
RTX reduces financial outlook for 2020/21
Noerresundby, Denmark, 22 April 2021Announcement no. 25/2021 As stated when announcing the outlook of RTX for FY 2020/21, uncertainty regarding the actual developments in 2020/21 were higher than in recent years due to the impact of the COVID-19 pandemic. As further stated in the interim report for Q1 2020/21, the uncertainty remained high after the first quarter. As also stated in the interim report for Q1 2020/21, supply chain challenges including global component scarcity further created higher than usual uncertainty regarding 2020/21. With increased knowledge of the impact of COVID-19, supply chain constraints and knock-on effects on FY 2020/21, RTX adjusts its expectations regarding revenue and earnings. The revised outlook for FY 2020/21 is revenue of DKK 450-500 million (previously DKK 545-600 million), EBITDA of DKK 30-55 million (previously DKK 95-120 million) and EBIT of DKK 0-25 million (previously DKK 63-90 million). While COVID-19 has significantly impacted demand in RTX’s Enterprise and ProAudio segments in Q1 and Q2 of 2020/21, demand improved in Q2 over Q1 and further demand increases are expected in Q3 and Q4 of 2020/21. Based on customer orders and customer forecasts, it is the expectation 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. Therefore, RTX sees a gradual return to the long-term growth trajectory and thus we are also maintaining the strategic investments into RTX product platforms for our target segments. The supply chain constraints have led to postponement of deliveries and revenues from Q2 into Q3 of FY 2020/21 and will likely also lead to postponements from Q3 into Q4 of FY 2020/21. The lower expected revenue and earnings in FY 2020/21 are caused by larger than originally expected demand impact of COVID-19 on the Enterprise (limitations on customer access to end customer sites for installation of communication systems) and ProAudio (part of market related to live events affected by lockdowns) segments. It is further caused by, COVID-19 having made the finalization of development and the production preparation of new products more challenging which has caused postponement of part of the initial deliveries which is now expected to cause part of the next deliveries expected for the end of this financial year to move into Q1 of FY 2021/22 instead. The actual revenue and earnings for 2020/21 will depend on the exact timing of delivery of larger orders under framework agreements around the change of financial year (i.e. September/October 2021) and the expectations for the year further assumes that the impact of supply chain constraints on deliveries will remain within the expected levels. RTX will, as previously communicated, release its interim Q2 2020/21 report on 27 April 2021, however, we can report the following preliminary numbers for Q2 2020/21 and the first six months (H1) of 2020/21: Expected revenue level: Q2 2020/21: DKK 89 million; H1 2020/21: DKK 150 millionExpected EBITDA level: Q2 2020/21: DKK -4 million; H1 2020/21: DKK -23 millionExpected EBIT level: Q2 2020/21: DKK -11million; H1 2020/21: DKK -37 million The revenue and earnings in the second quarter is impacted by COVID-19 on the demand side in the Enterprise and ProAudio segments and further by component scarcity and supply chain constraints postponing deliveries and revenue from Q2 into Q3 of 2020/21. However, demand and revenue Q2 increased in all segments (Enterprise, ProAudio and Healthcare) compared to the first quarter of 2020/21. As mentioned, RTX will release its interim report for Q2 2020/21 on 27 April 2021 with further details on the performance in the second quarter and will host a conference call for investors and analysts on 28 April 20201 at 8.30 am. Registration details for the conference call will be stated in the interim report for Q2. Please note: The above statements on RTX A/S’ future conditions, including in particular, future revenue and operating profit (EBITDA and EBIT), reflect management’s current outlook and are thus uncertain in nature. These statements can be affected by a number of risks and uncertainties, which mean that actual developments can be different from the indicated outlook. These risks and uncertainties include, but are not limited to, general business and economic conditions, dependence on partners, the exact timing of customer orders and delivery hereof, the time of delivery of components and foreign exchange and interest rate fluctuations – all of which may also be impacted by the COVID-19 situation and development. Enquiries and further information: CEO Peter Røpke, tel +45 96 32 23 00RTX’s homepage: www.rtx.dk Attachment RTX CA No 25-2021 - 22.04.2021 - RTX reduces financial outlook 2020_21
