Interim report for Q2 and H1 2023/24 (the period 01.10.2023 - 31.03.2024)

Nørresundby, Denmark, 7 May 2024 Announcement no. 25/2024 Q2 MEETS EXPECTATIONS, WITH GROWING ORDERS AND SALES, IN A MARKET, WHERECUSTOMER INVENTORIES ARE NORMALIZING AND REORDERING IS BEGINNING TO PICK UP.“The results for Q2 are in line with our expectations for the quarter, reaching sales of DKK 125 million and trimming inventory by DKK 8 million during the quarter. In Q2, we furthermore see an increase in our order intake, indicating a shift towards more typical market...

Nørresundby, 07/05/2024 (informazione.it - comunicati stampa - information technology)

Nørresundby, Denmark, 7 May 2024
Announcement no. 25/2024

Q2 MEETS EXPECTATIONS, WITH GROWING ORDERS AND SALES, IN A MARKET, WHERE
CUSTOMER INVENTORIES ARE NORMALIZING AND REORDERING IS BEGINNING TO PICK UP.

“The results for Q2 are in line with our expectations for the quarter, reaching sales of DKK 125 million and trimming inventory by DKK 8 million during the quarter. In Q2, we furthermore see an increase in our order intake, indicating a shift towards more typical market dynamics, characterized by shorter order horizons and priority on inventory reductions.

2023/24 is indeed a challenging year for RTX, and in Q2 we have seen business gradually improving. We expect improvements to continue in the coming quarters, and despite some uncertainty we maintain our outlook for the year, as previously communicated in the 2022/23 annual report.”

HIGHLIGHTS

OUTLOOK
During Q2, we witnessed an increase in new orders compared to the previous quarters. We therefore maintain the communicated outlook for the financial year, despite some uncertainty in the latest quarter, particularly in ProAudio.

RTX A/S

PETER THOSTRUP          PETER RØPKE
Chair                                President and CEO

Investor and analyst conference call
On Tuesday, 7 May 2024 at 16:15 CET, RTX will hold a conference call for investors and analysts hosted by Danske Bank.

To register for the conference call, please e-mail vonh@danskebank.dk .

Enquiries and further information:
CEO Peter Røpke, tel +45 96 32 23 00
CFO Mille Tram Lux, tel +45 96 32 23 00
RTX's homepage: www.rtx.dk

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