Data Respons ASA : Q3 - Improved profitability
Operating revenue for the third quarter was NOK 158 million (184). EBITDA was NOK 7.1 million (6.1) and EBIT amounted to NOK 6.1 million (4.8). The order intake for the period was NOK 144 million (194). Operating cash flow was NOK 14.7 million (-5.6).
Operating revenue for the first nine months of 2013 was NOK 571 million (633). EBITDA was NOK 31.3 million (25.7) and EBIT was NOK 28.4 million (22.2). The order intake for the period was NOK 568 million (607). The group's order backlog at the end of the quarter was NOK 630 million (614).
10 consecutive quarters with improved profitability
Data Respons has focused on its core business and become a more cost-effective organisation, which has resulted in a long-term trend of improved profitability and strong cash flow from operations. Significant profitability improvements are especially visible within the Services segment, due to many new exciting and innovative projects within the company's key markets, says Ragnvaldsen.
Over the past years, our main goal has been to create a more focused and profitable company. In this process, we have reallocated our business and increased our presence in our key markets while reducing activity outside our focus areas. In the short term, this has led to a decline in revenue in 2013, but also provided a foundation for a more profitable growth going forward.
Expecting a good final quarter of 2013
In the beginning of the fourth quarter, we have received several large new contracts in key markets such as Oil Service, Telecom and Medical. The positive development in the services segment combined with a solid order backlog in the products & solutions segment provides a good basis for a strong final quarter in 2013, concludes Ragnvaldsen.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Data Respons GmbH
Data Respons is a full-service, independent technology company and a leading player in the embedded solutions market. We provide products, services and embedded computer solutions to OEM companies, system integrators and vertical product suppliers in a range of market segments such as defence, medical equipment, industrial automation, oil services and offshore, transportation, energy and telecommunications. Embedded solutions can be described as the computer brain of a machine, system or industrial end product, and can be used in a broad range of industrial applications. Data Respons ASA is listed on the Oslo Stock Exchange (Ticker: DAT), and is part of the information technology index. The company has 358 employees and offices in Norway, Sweden, Denmark, Germany and Taiwan. www.datarespons.com