At the start of the 2006/07 financial year, RTX launched a turnaround aimed specifically at curbing several years of financial losses. The first phase was to implement a targeted strategy in which cost cutting and customer and market focus were the key elements. This phase is nearly complete, and RTX is once again heading towards black figures on the bottom line.

However, it is clear that if RTX is to be an attractive company to invest in and do business with, we need to see renewed growth in revenue and earnings.

RTX therefore launched an extensive internal development project in January, which is to provide the basis and the strategy for a dramatic improvement in the company’s productivity while at the same time ensuring considerable growth in revenue and earnings over the next two to three years.

 

The project comprises a total of six different tracks or main activities:

The project has already brought about many changes for the management and the employees; the latter have welcomed and embraced the project with incredible motivation, energy and enthusiasm.

Several of the activities will continue into the new financial year, and a number of the elements making up the projects will gradually become part of the daily operations.

The project will, for the most part, be completed by the launch of the strategy and budget for the coming 2008/09 financial year, which will be the first year to see the implementation of a new targeted growth strategy for RTX A/S.

You can read more about the impact of the targeted strategy on the individual business units elsewhere in the newsletter.

 

(Category for this article: Corporate news from RTX)