RTX (RTX) Q4 23/24 earnings summary

Executive summary

• Revenue for Q4 2023/24 was DKK 149 million, with full-year revenue at DKK 498 million, reflecting a recovery in order intake but still below expectations.

• Gross margin improved to 51.0% in Q4 and 46.7% for the year, driven by product mix and higher revenue.

• EBITDA was DKK 23 million in Q4 and DKK 3 million for the year, significantly lower than the prior year.

• Results aligned with the adjusted outlook following postponed orders and lower demand, especially in ProAudio and Enterprise segments.

Financial highlights

• Q4 revenue: DKK 149 million; full-year revenue: DKK 498 million (down from DKK 783 million last year).

• Q4 EBITDA: DKK 23 million; full-year EBITDA: DKK 3 million (down from DKK 108 million last year).

• Q4 gross margin: 51.0%; full-year gross margin: 46.7% (up from 45.8% last year).

• EBIT for the year: DKK -34 million.

Outlook and guidance

• 2024/25 revenue guidance: DKK 490–520 million.

• 2024/25 EBITDA guidance: DKK 0–20 million.

• 2024/25 EBIT guidance: DKK -35 to -15 million.

• Order visibility remains limited due to global supply chain challenges.