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ANNOUNCEMENT to Nasdaq Copenhagen A / S and the media Nørresundby , 23 August 2021 Announcement no . 46/2021 No. of pages : 15 CONTINUED DEMAND IMPROVEMENT BUT SUPPLY CONSTRAINTS IN Q3 " We continue to see the demand situation gradually normalizing , even as COVID - 19 still had an impact on the third quarter of 2020/21 . For the second quarter in a row we did see significant quarter - on - quarter improvement in demand and RTX revenue in the third quarter of 2020/21 increased by 36 % over the second quarter and by 97 % over the first quarter of 2020/21 . Looking ahead to the fourth quarter , we have the highest ever order backlog for a quarter in RTX's history . The supply chain issues from the global electronics component scarcity and logistic challenges continued in the third quarter of 2020/21 and has postponed revenue into the fourth quarter of 2020/21 . All in all , revenue in the third quarter decreased 24 % compared to last year also impacted by a weaker US dollar - corrected for the dollar development the decrease was 17 % . During the quarter , we continued the initial deliveries under the newest major Enterprise framework agreement , while initial deliveries of products under the newest major ProAudio framework agreement will continue into the fourth quarter . As we expect continued demand improvement , but also further supply chain challenges , we are maintaining the outlook for the financial year 2020/21 . Due to the continued supply challenges uncertainty regarding the remainder of the year is higher than usual . We see the improving demand situation as further proof that the strategic direction of RTX is sound and we are maintaining the strategic investments into RTX's product platforms . " Peter Røpke , CEO INTERIM REPORT FOR Q3 AND 9M 2020/21 ( the period 01.10.2020 - 30.06.2021 ) HIGHLIGHTS Q3 2020/21 • Net revenue decreased by 23.9 % to DKK 120.6 million in Q3 2020/21 ( Q3 2019/20 : DKK 158.5 million ) . While Q3 revenue was impacted by COVID - 19 in the Enterprise and ProAudio segments , the demand situation continued to improve in the quarter as revenue increased by 36.3 % over Q2 and by 96.8 % over Q1 . Supply challenges related to component scarcity and logistic impediments had an adverse impact on revenue in Q3 . In total the combined effect of the component scarcity and other supply chain challenges across all segments has postponed revenue of approx . DKK 40 million from Q3 into Q4 . As similar supply challenges had postponed revenue of approx . DKK 30 million from Q2 into Q3 , the net effect on Q3 from supply challenges was a negative revenue impact of DKK 10 million . All segments have been impacted , with the Enterprise segment having been impacted the most . Enterprise segment : Revenue in the quarter decreased 25.6 % compared to last year to DKK 82.1 million with COV ID - 19 affecting customer access to end customers ' sites for installation of communication systems . However , revenue increased by 40.1 % over Q2 with most customers again increasing demand . Product deliveries under the newest Enter prise framework agreement which commenced in Q2 continued in Q3 . ProAudio segment : Revenue decreased by 15.6 % compared to last year to DKK 25.8 million . Recurring revenue from product sales and royalty increased over last year due to an increase in demand for RTX's product platforms in the Pro Audio segment in line with the segment strategy . On the other hand , COVID - 19 impacted product sales negatively in the quarter for products in the intercom market related to live events . Also , revenue from engineering services decreased compared to last year in line with the strategy to focus on creating recurring revenue . Revenue increased 19.8 % over Q2 . RTX A / S , Strømmen 6 , DK - 9400 Nørresundby , Denmark | Tel +45 96 32 23 00 | REVENUE PER QUARTER Million DKK 200 160 120 80 40 0 Million DKK 40 30 20 10 0 -10 -20 EBITDA PER QUARTER 40 Q1 Million DKK 20 0 EBIT PER QUARTER -20 Q1 -40 RTX WIRELESS WISDOM Q1 2019/20 Q2 Fax +45 96 32 23 10 | VAT DK 17 00 21 47 | Web www.rtx.dk | E - mail info@rtx.dk Q2 Q2 2020/21 Q3 LI Q3 Q4 Q3 Q4 Q4