RTX A/S
Technology·RTX · Nasdaq Copenhagen·Fiscal year to 30/09/2025
Visit our website to learn more about our turn-key solutions → Helping people perform at their best RTX’s purpose is to help people perform at their best by providing our customers with the best possible wireless communications solutions.
Exposure profile
Derived from what the company itself writes. Empty directions mean the report doesn't mention themes of that type.
In their own words
Grouped by theme, from the management review in the annual report. A · The company itself is a verbatim quote, B · From the report is without a verified quote.
Semiconductors and electronic components
Raw materials and inputs
InputNegative impact: weakens
“Risk description Component lead times and availability of components (i.e. component suppliers not fulfilling the full demand) may impact revenue, gross profits and gross margins – especially via postponements (and only to a lesser degree cancellations). The issue has historically been pertinent for certain electronics components from time to time.”
Annual report 2025A · The company itself
InputNegative impact: weakens
“Availability of many electronic components normalized during 2024/25, and RTX saw a significant reduction in component inventory toward the end of the year.”
Annual report 2025A · The company itself
Market
“Capital Structure and Allocation 52 The RTX Share 54 Board of Directors 56 Executive Management 58 Financial StatementsManagement Review Contents 2024/252023/242022/232021/22 RTX at a Glance Helping people perform at their best Focusing on making sure all the component systems integrate seamlessly and reliably, we design, develop and manufacture wireless IP telephony products and sub-systems.”
Annual report 2025A · The company itself
Market
“We design, develop, and manufacture wireless IP telephony products and subsystems including headsets, handsets, base stations, repeaters, and location beacons, supported by cloud-based deployment and device management tools for seamless integration and reliability.”
Annual report 2025A · The company itself
Market
“We achieve this by refining and productizing our technology into flexible platforms like Sheerlink ® and TeamEngage ® , supported by RTX modules. This modular approach enables us to develop standardized, multipurpose modules, giving a wide range of customers a short time to market and cost-effective entry, while providing RTX with scalability and revenue through framework agreements.”
Annual report 2025A · The company itself
Chains in: Artificial intelligence strengthens
Retail
End markets
DriverPositive impact: strengthens
““Our 2024/25 revenue growth of 21% was primarily driven by normalization of key customer demand patterns and strong growth in solutions for frontline workers in the retail sector.”
Annual report 2025A · The company itself
Market
“Strong performance in core segments In Enterprise, normalization among key customers and stronger activity in the sub-segment, Retail, lifted volumes and profitability.”
Annual report 2025A · The company itself
Market
“With RTX technology in approximately 1,500 U.S. hospitals and chronic cardiovascular patients expected to increase 30%, RTX is ready to help drive the shift to connected care Protect and develop core business Enterprise: Capture growth opportunities from continued market consolidation and existing customers across the global enterprise communications market of 5 million wireless handsets and 8 million wireless headsets annually ProAudio: Capture growth opportunities from the ramp-up of the modules business, focusing on the annual market of 10 million wireless intercom units Cultivate new growth markets Building on our core wireless strengths, RTX is cultivating new growth opportunities across Defense, First Responders, and Hospitality, enabling smarter, more connected operations in demanding, high-impact environments Retail: Unlock growth with mobility solutions for frontline workers Efficiency demands and digitalization are transforming retail.”
Annual report 2025A · The company itself
Chains in: Consumer spending strengthens
Healthcare and hospitals
End markets
Market
“Share of revenue from product sales Enterprise ProAudio Healthcare 2024/252023/242022/232021/222020/21 2024/252023/242022/232021/222020/21 52.3% 46.6% 45.8% 46.7% 50.0% 2024/252023/242022/232021/222020/21 -34 1.3% 6.9% 8.7% -6.8% 1.6% 2024/252023/242022/232021/222020/21 8.2% 12.9% 13.7% 0.6% 6.5% Gross profit The gross profit development is positively impacted by the revenue level and reached DKK 274 million (2023/24: DKK 233 million).”
Annual report 2025A · The company itself
Market
“Enterprise and Healthcare remained key growth drivers, confirming RTX’s strong market position and technology relevance.”
Annual report 2025A · The company itself
Market
“With RTX technology in approximately 1,500 U.S. hospitals and chronic cardiovascular patients expected to increase 30%, RTX is ready to help drive the shift to connected care Protect and develop core business Enterprise: Capture growth opportunities from continued market consolidation and existing customers across the global enterprise communications market of 5 million wireless handsets and 8 million wireless headsets annually ProAudio: Capture growth opportunities from the ramp-up of the modules business, focusing on the annual market of 10 million wireless intercom units Cultivate new growth markets Building on our core wireless strengths, RTX is cultivating new growth opportunities across Defense, First Responders, and Hospitality, enabling smarter, more connected operations in demanding, high-impact environments Retail: Unlock growth with mobility solutions for frontline workers Efficiency demands and digitalization are transforming retail.”
Annual report 2025A · The company itself
Market
“Gross margins are positively impacted by a favourable product mix combined with higher revenue from the Healthcare segment.”
Annual report 2025A · The company itself
Chains in: Ageing population strengthens, GLP-1 and obesity treatment mixed effect
Industrial manufacturing
End markets
Market
“Enterprise and Healthcare remained key growth drivers, confirming RTX’s strong market position and technology relevance.”
Annual report 2025A · The company itself
Market
“In Enterprise, we help large global B2B customers deliver advanced wireless communication solutions to their customers in diverse environments; from retail and healthcare to warehouses, offices, and demanding industrial settings requiring explosion- or waterproof equipment.”
Annual report 2025A · The company itself
Media and entertainment
End markets
Market
“Share of revenue from product sales Enterprise ProAudio Healthcare 2024/252023/242022/232021/222020/21 2024/252023/242022/232021/222020/21 52.3% 46.6% 45.8% 46.7% 50.0% 2024/252023/242022/232021/222020/21 -34 1.3% 6.9% 8.7% -6.8% 1.6% 2024/252023/242022/232021/222020/21 8.2% 12.9% 13.7% 0.6% 6.5% Gross profit The gross profit development is positively impacted by the revenue level and reached DKK 274 million (2023/24: DKK 233 million).”
Annual report 2025A · The company itself
Market
“In ProAudio, we help B2B customers design and develop advanced wireless audio solutions by delivering high-performance audio modules tailored to their needs. Our technologies are applied in intercom systems for commercial, industrial, and defense environments as well as microphone and instrument connectivity, wireless gaming, small conference systems, and content creation solutions.”
Annual report 2025A · The company itself
Telecoms and 5G
Technology
DriverNegative impact: weakens
“Risk description A significant part of RTX’s business is based on its unique knowledge within advanced wireless radio systems. Therefore, technological changes may affect future business opportunities for RTX. A revolution of the wireless communication standards and competence platforms, which RTX currently incorporates into its products and solutions, may lead to lost business opportunities, especially longer term.”
Annual report 2025A · The company itself
Market
“Visit our website to learn more about our turn-key solutions → Helping people perform at their best RTX’s purpose is to help people perform at their best by providing our customers with the best possible wireless communications solutions.”
Annual report 2025A · The company itself
Artificial intelligence
Technology
StrategyPositive impact: strengthens
“Capitalized development projects, depreciation, and amortization During 2024/25, RTX continued to invest in the development of new product features and future offerings, primarily within the Enterprise and Healthcare segments. In the Enterprise segment, the investments were focused on further strengthening the core business platforms, while in the Healthcare segment, a substantial part of the investments were directed towards areas of strategic importance and long-term growth potential.”
Annual report 2025A · The company itself
Chains out: this strengthens Data centres, strengthens Semiconductors and electronic components, strengthens Semiconductor industry
Automotive
End markets
Market
“RTX operates as an international provider of advanced wireless technology solutions developed and manufactured for leading global brands.”
Annual report 2025A · The company itself
Aviation and travel
End markets
Market
“RTX operates as an international provider of advanced wireless technology solutions developed and manufactured for leading global brands.”
Annual report 2025A · The company itself
Chains in: Fuel strengthens, Pandemics and outbreaks weakens
Buying contract manufacturing and research (CMO/CRO/EMS)
Raw materials and inputs
StrategyPositive impact: strengthens
“Customer partnerships Politics and regulations Risk description A significant part of RTX’s business is based on long-term partnerships with leading international companies in the market segments where RTX operates. The cooperation with these customers is based on long-term framework agreements, and RTX’s products are an integrated part of these customers’ solutions and offerings.”
Annual report 2025A · The company itself
Chains in: Biotech and drug development strengthens
Defence industry
End markets
Market
“In ProAudio, we help B2B customers design and develop advanced wireless audio solutions by delivering high-performance audio modules tailored to their needs. Our technologies are applied in intercom systems for commercial, industrial, and defense environments as well as microphone and instrument connectivity, wireless gaming, small conference systems, and content creation solutions.”
Annual report 2025A · The company itself
Chains in: Defence budgets strengthens
Geopolitical uncertainty
Macro
DriverPositive impact: strengthens
“In addition, demand in Critical Communications, particularly Defense and First Responders, is showing signs of accelerated growth amid rising geopolitical tensions.”
Annual report 2025A · The company itself
DriverPositive impact: strengthens
“The demand for agility and resilience is increasing the need for trusted supply chains and driving investment in defense and emergency communications.”
Annual report 2025A · The company itself
DriverNegative impact: weakens
“Production partnerships with global EMSs (Electrorics Manufacturing Services) provide RTX with an asset light business model as well as a resilient global production footprint amid geopolitical instability and tariff uncertainty.”
Annual report 2025A · The company itself
DriverNegative impact: weakens
“Likelihood: Medium / Impact: High As outlined in section A) Macroeconomy, the geopolitical landscape has undergone significant changes. Consequently, the assessment for RTX Supply Chain remains high, as these developments influence both RTX’s strategic production decisions and our customers’ growing demand for customized, resilient supply chain solutions.”
Annual report 2025A · The company itself
Chains out: this strengthens Defence budgets, strengthens Energy security, strengthens Tariffs and trade policy, weakens Global trade volumes, strengthens Sea freight and freight rates, weakens Reconstruction of Ukraine
Labour and wages
Raw materials and inputs
DriverNegative impact: weakens
“The average number of employees was 301 in 2024/25, compared to 291 in 2023/24.”
Annual report 2025A · The company itself
DriverNegative impact: weakens
“HR and talent Technology Risk description RTX is a knowledge-intensive technology company, and its ability to develop innovative products and solutions and to maintain a strong competitive position, depends on attracting, developing, and retaining highly skilled and motivated employees. Difficulty in securing or retaining key talent could hinder the successful execution of RTX’s strategy and weaken the company’s long-term competitiveness.”
Annual report 2025A · The company itself
InputNegative impact: weakens
“The increase is arising primarily from salary inflation, organizational adjustments and strategic hires.”
Annual report 2025A · The company itself
USD vs DKK/EUR
Macro
DriverNegative impact: weakens
“As RTX’s revenue is primarily denominated in USD, the assumed weaker USD is expected to negatively impact reported revenue by approximately 7%, compared to 2024/25.”
Annual report 2025A · The company itself
DriverNegative impact: weakens
“A lower exchange rate on the USD, impacted revenue for Q4 negatively by DKK 7.5 million, compared to last years exchange rate.”
Annual report 2025A · The company itself
DriverMixed impact: mixed
“Fluctuations in currency exchange rates – especially USD/DKK exchange rate – impact RTX revenue and operating profits measured in DKK.”
Annual report 2025A · The company itself
Chains out: this mixed effect United States
Asia and emerging markets
Geography
InputNegative impact: weakens
“Risk description The Group’s production is handled by suppliers (contract manufacturers), which are located both in Asia and Europe with the majority of sourced volume from Asia.”
Annual report 2025A · The company itself
Geography
“RTX use production partners in mainly EU, The Philippines and China.”
Annual report 2025A · The company itself
Europe
Geography
InputNegative impact: weakens
“Risk description The Group’s production is handled by suppliers (contract manufacturers), which are located both in Asia and Europe with the majority of sourced volume from Asia.”
Annual report 2025A · The company itself
Geography
“RTX use production partners in mainly EU, The Philippines and China.”
Annual report 2025A · The company itself
Tariffs and trade policy
Macro
DriverNegative impact: weakens
“Production partnerships with global EMSs (Electrorics Manufacturing Services) provide RTX with an asset light business model as well as a resilient global production footprint amid geopolitical instability and tariff uncertainty.”
Annual report 2025A · The company itself
DriverNegative impact: weakens
“The US has implemented new tariffs on trade with most countries, creating uncertainty and order hesitation. Approximately 20–30% of RTX’s products are sold for use in the US, and changes in trade conditions or exchange rates may therefore affect the Group’s financial results.”
Annual report 2025A · The company itself
Chains in: Geopolitical uncertainty strengthens
Chains out: this weakens Global trade volumes
Ageing population
Geography
DriverPositive impact: strengthens
“Demographics: Aging populations and rising prevalence of chronic conditions such as obesity, diabetes, and hypertension – the American Heart Association is projecting an increase of more than 30% in the population with chronic cardiovascular diseases over the next decade.”
Annual report 2025A · The company itself
Chains out: this strengthens Healthcare and hospitals, strengthens Medical devices, strengthens Hearing aids and hearing care
Cybersecurity (products and services)
Technology
DriverNegative impact: weakens
“Risk description RTX’s business increasingly depends on reliable, resilient, and secure IT systems. Cybersecurity threats or severe IT incidents – such as data breaches, system outages, or unauthorized access – could compromise RTX’s knowledge base, intellectual property, or customer data. Such events may negatively impact the company’s operations, reputation, and competitive position, potentially resulting in financial losses, business disruption, or failure to meet contractual obligations.”
Annual report 2025A · The company itself
Chains in: Cyber attacks and IT security risk strengthens
Chains out: this strengthens Digitalisation
Diabetes care
Technology
DriverPositive impact: strengthens
“Demographics: Aging populations and rising prevalence of chronic conditions such as obesity, diabetes, and hypertension – the American Heart Association is projecting an increase of more than 30% in the population with chronic cardiovascular diseases over the next decade.”
Annual report 2025A · The company itself
GLP-1 and obesity treatment
Technology
DriverPositive impact: strengthens
“Demographics: Aging populations and rising prevalence of chronic conditions such as obesity, diabetes, and hypertension – the American Heart Association is projecting an increase of more than 30% in the population with chronic cardiovascular diseases over the next decade.”
Annual report 2025A · The company itself
Chains in: US drug pricing policy weakens
Chains out: this mixed effect Healthcare and hospitals
Subcontractors and haulage capacity
Raw materials and inputs
DriverNegative impact: weakens
“The Group depends on the ability of these suppliers to produce and supply the planned volume at the agreed time and quality, and thus significant fluctuations in revenue and gross profit may arise if some suppliers fail to supply as agreed.”
Annual report 2025A · The company itself
Digitalisation
Technology
DriverPositive impact: strengthens
“Digitalization: Hospital modernization and workflow optimization are accelerating the shift from wired to wireless monitoring.”
Annual report 2025A · The company itself
DriverPositive impact: strengthens
“Driven by digital transformation efforts, more businesses are moving enterprise telephony to the cloud to boost agility and support distributed workforces, driving demand for new endpoints like wireless headsets and handsets over traditional corded solutions.”
Annual report 2025A · The company itself
Chains in: Cybersecurity (products and services) strengthens, Public investment and infrastructure strengthens
Chains out: this strengthens IT consulting and public-sector IT
Business cycle and GDP growth
Macro
DriverNegative impact: weakens
“At the start of the financial year, RTX entered a period of renewed customer activity following an environment shaped by elevated customer inventories and macroeconomic uncertainty.”
Annual report 2025A · The company itself
Chains out: this strengthens Global trade volumes, strengthens Construction
Electrification
Technology
DriverPositive impact: strengthens
“With RTX technology in approximately 1,500 U.S. hospitals and chronic cardiovascular patients expected to increase 30%, RTX is ready to help drive the shift to connected care Protect and develop core business Enterprise: Capture growth opportunities from continued market consolidation and existing customers across the global enterprise communications market of 5 million wireless handsets and 8 million wireless headsets annually ProAudio: Capture growth opportunities from the ramp-up of the modules business, focusing on the annual market of 10 million wireless intercom units Cultivate new growth markets Building on our core wireless strengths, RTX is cultivating new growth opportunities across Defense, First Responders, and Hospitality, enabling smarter, more connected operations in demanding, high-impact environments Retail: Unlock growth with mobility solutions for frontline workers Efficiency demands and digitalization are transforming retail.”
Annual report 2025A · The company itself
Chains out: this strengthens Electricity, strengthens Power grid expansion, strengthens Copper
Inflation
Macro
DriverNegative impact: weakens
“Such factors include, but are not limited to, economic and geopolitical conditions and developments, changes in demand for RTX’s products and services, competition, technological changes, fluctuations in currencies and interest rates, component availability and fluctuations in sub-contractor supplies as well as legislative and/or regulatory changes.”
Annual report 2025A · The company itself
Chains out: this weakens Consumer spending, strengthens Interest rates
Interest rates
Macro
DriverNegative impact: weakens
“Such factors include, but are not limited to, economic and geopolitical conditions and developments, changes in demand for RTX’s products and services, competition, technological changes, fluctuations in currencies and interest rates, component availability and fluctuations in sub-contractor supplies as well as legislative and/or regulatory changes.”
Annual report 2025A · The company itself
Chains in: Public debt and fiscal policy strengthens, Inflation strengthens
Chains out: this weakens Construction, weakens Real estate, weakens Wind power, weakens Housing market, weakens Office and commercial property, weakens Residential rental, weakens Residential construction
Inventories
Macro
DriverNegative impact: weakens
“At the start of the financial year, RTX entered a period of renewed customer activity following an environment shaped by elevated customer inventories and macroeconomic uncertainty.”
Annual report 2025A · The company itself
M&A and consolidation
Macro
DriverPositive impact: strengthens
“Our pure-play wireless design and manufacturing model eliminates channel conflicts, enabling us to benefit from customer outsourcing and securing revenue through long-term framework agreements with large global clients.”
Annual report 2025A · The company itself
Rare earths and critical raw materials
Raw materials and inputs
InputNegative impact: weakens
“When necessary, the RTX Supply Chain organization works closely and directly with suppliers of components in agreement, with our manufacturing partners)to increase allocations of components, the components share of rare or restricted raw materials.”
Annual report 2025A · The company itself
Chains in: Wind power strengthens
China
Geography
Geography
“RTX use production partners in mainly EU, The Philippines and China.”
Annual report 2025A · The company itself
United States
Geography
Geography
“Approximately 20–30% of RTX’s products are sold for use in the US, and changes in trade conditions or exchange rates may therefore affect the Group’s financial results.”
Annual report 2025A · The company itself
Chains in: USD vs DKK/EUR mixed effect
Competitors mentioned in the report
No named competitors in the report.
Financial figures
| Revenue latest fiscal year | 0.55 bn DKK |
| Revenue growth vs. the year before, same method | 9.8 % |
| EBITDA reported by the company | 0.04 bn DKK |
| Net debt debt incl. leasing minus cash | N/A |
| Diluted EPS per share | 1.3 DKK |
Source: annual report (ESEF) A. See the report
Criteria
| Profit | ✓ |
| Growing | ✓ |
| Healthy balance sheet | N/A |
Only the criteria that can be computed from financial statements on this page. The remaining criteria (such as price and dividend) need a share price and are in the analysis.