Q4 - Improved profitability and strong cash flow
- Focused efforts on the company's key markets and a more efficient organisation improved profitability in the 4th quarter. The company was awarded several important contracts towards the end of the year, which gives a promising start to 2013, says Kenneth Ragnvaldsen, CEO of Data Respons ASA.
Operating revenue for the 4th quarter was NOK 211 million, a decrease of 6 %. EBITDA was NOK 9.7 million (5.2 in Q4/2011) and EBIT amounted to NOK 8.6 million. The order intake for the period was NOK 236 million. Operating cash flow was NOK 20.6 million.
Operating revenue as of December 31 was NOK 844.1 million, a decrease of 1 %. EBITDA was NOK 35.3 million (13.4 in Q4/2011) and EBIT amounted to NOK 30.7 million. The order intake for the period was NOK 843 million. The group's order backlog at the end of the year was NOK 638 million.
A focused company
The company's total revenue declined due to the downsizing of unprofitable business units. However, the development in main markets showed an underlying growth of 8 % in 2012 and the company had a strong order intake towards the end of the year.
- We have taken steps to become a more focused company in 2012, which has contributed to improved profitability and a strong cash flow. Continued focus on core competencies, closer coordination of operations in the Nordic countries and the transferral of tasks to Asia indicate that the positive trend in profitability will continue in 2013, says Ragnvaldsen.
Solid order intake
- During the quarter, the company was awarded several important contracts in the maritime/ oil services sector. Data Respons holds a strong position within this growing market and has more than 25 years' experience. We are involved in many exciting technology projects and deliveries and there is without doubt considerable potential for Data Respons within this sector ahead, says Ragnvaldsen.
- The beginning of the year is marked by high activity levels in our key market segments, which combined with a more focused and streamlined organisation indicate improved profitability going forward, Ragnvaldsen concludes.
For further information:
Kenneth Ragnvaldsen, CEO, Data Respons ASA, tel. +47 913 90 918.
About Data Respons
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 394 employees and offices in Norway, Sweden, Denmark, Germany and Taiwan. www.datarespons.com
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.