Q4 - Record high revenues
- Data Respons continued the growth in the 4th quarter and set record high revenues with clear margin. A solid market position and good performance in the group's core business areas explain the positive development, says Kenneth Ragnvaldsen, CEO of Data Respons ASA.
Operating revenue for the 4th quarter was NOK 225.6 million, an increase of 10 %. EBITDA was NOK 5.2 million and EBITA ended at NOK 4.1 million. The order intake during the quarter totalled NOK 224 million.
The group's operating revenue for 2011 was NOK 849.9 million, a growth of 20 %. EBITDA was NOK 13.4 million and EBITA ended at NOK 8.1 million. The order intake during the period totalled NOK 883 million. The order backlog was NOK 639 million, a growth of 6 %.
Record high revenues
The Norwegian operation continued the strong performance in the 4th quarter and contributed, along with Sweden, to the record-breaking revenues for the group. A solid market position, a strong customer portfolio and a well-trimmed organisation are main contributors to the positive development.
- Our Norwegian operations set the standard in terms of what we expect from the group's international focus. We are especially concentrating on reaching the potential in the Swedish market, which is estimated to be five times the size of the Norwegian market, says Ragnvaldsen.
Asia as a part of the value chain
- Data Respons has extensive experience working in collaboration with the customer on development and innovation, in combination with a global partner network. Our presence in Asia (Taiwan and Shanghai) provides many exciting opportunities for our customers. We are the bridge to Asia for our customers, where our local operations ensure quality in the production of solutions, says Ragnvaldsen.
Improved results expected in 2012
- During 2011 the group has implemented several initiatives to increase efficiency and to further strengthen the organisation. A closer coordination of the logistic operations in the Nordic region, gradually transferring tasks to Asia and cost reductions across the board, are important improvement processes which we expect will provide improved results in 2012, Ragnvaldsen says.
For further information please contact:
Kenneth Ragnvaldsen, CEO, Data Respons ASA, phone: +47 67 11 20 00 Mob: +47 913 90 918.
About Data Respons
Data Respons is a leading Embedded Solutions provider for the industrial marketing Europe. Embedded Solutions can be described as the brains of a machine, system or industrial end product. Data Respons supplies Embedded Solutions to leading OEM companies, system integrators and vertical product suppliers in a range of market segments such as defence, offshore, automation, medical equipment, surveillance, transport, telecommunications and other industries.
Data Respons ASA is listed on the Oslo Stock Exchange (Ticker: DAT), and is part of the information technology index. The company has offices in Denmark, Germany, Norway, Sweden and Taiwan. At the close of the 4th quarter 2011 the company had a total of 446 employees. More information on Data Respons ASA can be found on our website: www.datarespons.com
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.