Finance meeting with three people


RTX current and historic financials and future outlook

Interim reports 2023-24

RTX Interim Report Q2 2023-24

PDF | 0.17 mb


RTX Interim Report Q1 2023-24

PDF | 0.25 mb


Annual and Interim reports 2022-23

RTX Annual Report 2022-23

PDF | 5.09 mb


RTX Annual Report 2022-23 (ESEF)

ZIP | 23.52 mb


RTX Interim Report Q3 2022-23

PDF | 0.22 mb


RTX Interim Report Q2 2022-23

PDF | 0.21 mb


RTX Interim Report Q1 2022-23

PDF | 0.20 mb


Key Financials

Key Financials

See the five-year financial highlights.

See key financials

Outlook 2023/24

RTX experienced a strong orderbook for our products and services in 2022/23. The orderbook size was impacted by past years’ instability in global electronic supply, where lead times rapidly changed, first up to 18 months and then back to a normal level of 3 months. However, this has also resulted in high inventories at several of our larger customers.

The strong result for 2022/23 and the high inventory at our customers as well as the shorter lead time impact our expectations for 2023/24. For that reason, we expect 2023/24 revenue to be backloaded in the fiscal year and demand not to be at the same level as in 2022/23. Based on the above assumptions combined with the general macroeconomic uncertainty, the revised outlook for 2023/24 is a Revenue of DKK 500-510 million (from 580-630), EBITDA of DKK 0-10 million (from 45-60) and EBIT of DKK -40 to -30 million (from 5-10).

Dialogue with our customers regarding their medium- and long-term demand, along with our development pipeline of new products, confirms us in our strategic direction which remains unchanged. RTX expects that the slower demand forecasted for 2023/24 is a temporary supply chain adjustment until high inventories at our customers have normalized. Consequently, we maintain our long-term ambition to reach revenue above DKK 1 billion and EBITDA margin above 16% in 2025/26.

DKK million Result 2020/21 Result 2021/22


Outlook for
Revenue 457 663 783 500 to 510 (from DKK 580 to 630)
EBITDA 37 85 108 0 to 10 (from DKK 45 to 60)
EBIT 6 46 68 -40 to -30 (from DKK 5 to 20)

*Revised outlook published 30 June 2024 in Company Announcement no. 34-2024

Statements on future conditions
The following statements on the Group's future conditions, including, in particular, future revenue and operating profit (EBITDA and EBIT), reflect Management's current outlook and carry some uncertainty. These statements can be affected by a number of risks and uncertainties, many of which are outside the control of RTX, which means that actual developments can be different from the indicated outlook. These risks and uncertainties include - but are not limited to - general business, economic and geopolitical conditions and developments, changes in demand, competition, technological changes, fluctuations in sub-contractor supplies, the availability and time of delivery of components, regulatory changes as well as foreign exchange and interest rate fluctuations.

Long Term Financial Ambitions

Revenue ambition

Revenue > 1 bDKK in 2025/26

Based on the strategy of deploying RTX’s “wireless wisdom” in selected B2B target markets for growth via recurring revenue, and based on execution of long-standing and newer framework agreements, it is the ambition of RTX to grow revenues organically to reach at least DKK 1 billion in the financial year 2025/26.

Earnings ambition

EBITDA margin >16% in 2025/26

Given the long-term revenue growth ambitions and given the leverage effect of increased recurring revenue on the scalability of human resources and other costs, it is the ambition of RTX to reach an EBITDA margin above 16% in 2025/26.

The above statements on the Group’s future conditions, including in particular, future revenue and operating profit (EBITDA), reflect  Management’s current outlook and carry some uncertainty. These statements can be affected by a number of risks and uncertainties, which mean that actual developments and results can be materially different from the expectations expressed directly or indirectly. These risks and uncertainties include, but are not limited to, general economic conditions and developments, changes in demand for RTX’s products and services, competition, technological changes, fluctuations in currencies, component availability and fluctuations in sub-contractor supplies as well as legislative and/or regulatory changes. 

Long-term ambition

Looking at our three segments, we see a normalized annual revenue of existing products of DKK 600-700 million. Enterprise segment is characterized by long-term cooperation with large global customers. ProAudio is characterized by cooperation with some of the key global players in the segment and growth in customer base. Healthcare has always been the smallest segment, but the segment where we expect the highest growth rates in the long term. With a contract signed in November 2023, we now have the possibility to reach customers in the Healthcare segment, which previously was not possible. With the new agreement we now have access to all relevant IP rights, and therefore RTX can approach more customers.

All in all, the 2025/26 ambition reflects a normalized revenue in the existing business, combined with continuous product introduction with existing global customers, the establishment of cooperation with new customers, and high growth in Healthcare as a consequence of the strategic effort and contract signed.