The Q2 results for the Danish company, RTX, have met expectations with increased sales and orders, reaching DKK 125 million and reducing inventory by DKK 8 million. The report indicates a return to more typical market dynamics as customer inventories normalize and reordering increases. Despite the challenging year and some uncertainty, RTX maintains its previously communicated outlook for the year, with business gradually improving. The company also reported an increase in new orders during Q2, particularly in ProAudio. A conference call for investors and analysts will be held on 7 May 2024, hosted by Danske Bank.
The Board of Directors of RTX has decided to start a share buy-back programme, as per the company announcement no. 20/2023 on 30 November 2023. The programme is in line with Article 5 Regulation (EU) No. 596/2014 of the European Parliament and the "Safe Harbor" regulation. The company plans to buy back shares worth up to DKK 20 million from 1 December 2023 to 30 September 2024. Details about the transactions made under this programme are provided in an appendix attached to the company announcement.
The Board of Directors of RTX announced the initiation of a share buy-back programme, as per the company's previous announcement and in line with the "Safe Harbor" regulation. The programme will see RTX buying back shares worth up to DKK 20 million from 1 December 2023 to 30 September 2024. Details of transactions related to the share buy-back programme are provided in the attached appendix. CEO Peter Røpke is available for further information and enquiries.