RTX reported increased revenue in Q3, but revised projections lower due to market dynamics

From GlobeNewswire: 2024-08-28 02:07:00

RTX reported an increase in revenue in Q3 2023/24, with sales reaching DKK 142 million and inventory decreasing by DKK 9 million. However, changes in market dynamics and short order horizons reduced outlook visibility. Revised projections anticipate revenue of DKK 500-510 million and EBITDA of DKK 0-10 million, down from original guidance.

Highlights include higher revenue than expected, additional shipments in Q3, an increase in new orders, and EBITDA reaching DKK 9 million. Despite a cash position increase of DKK 13 million, the revised outlook reflects postponed orders and lower demand, resulting in adjustments for the year. Revenue is now expected to be DKK 500-510 million.

An investor and analyst conference call will be held on August 28, 2024, at 13:30 CET, hosted by Danske Bank. To register, email [email protected]. For more information, contact CEO Peter Røpke or CFO Mille Tram Lux at +45 96 32 23 00 or visit RTX’s homepage at www.rtx.dk.



Read more at GlobeNewswire:: Interim report for Q3 and 9M 2023/24 (the period 01.10.2023