Q2 - Improved profitability
Operating revenue for the second quarter was NOK 219 million (223). EBITDA was NOK 13.3 million (10.3) and EBIT amounted to NOK 12.3 million (9.2). The order intake for the period was NOK 198 million (195). Operating cash flow was NOK 14.8 million.
Operating revenue for the first half of 2013 was NOK 413 million (449). EBITDA was NOK 24.3 million (19.6) and EBIT was NOK 22.3 million (17.4). The order intake for the period was NOK 424 million (413).The group's order backlog at the end of the quarter was NOK 645 million.
Focused efforts producing results
Data Respons has focused on its core business and become a more cost-effective organisation which has resulted in improved profitability in the first half. Both business segments are performing well. We have are experiencing high utilisation among our specialists and increased products and solutions deliveries, says Ragnvaldsen.
Dividends to shareholders
- In addition to being a customer focused and technology driven company, we aim to provide an attractive return on investment for our shareholders. In this regard, the company has established a policy to pay dividends going forward. We made the first distribution in May this year, at NOK 0.25 per share. During the quarter, we also launched a new share savings scheme for employees, where more than half of the employees chose to join and invest in Data Respons. It is a good sign that so many employees believe in the company and want to participate in future value creation, says Ragnvaldsen.
Expecting a good year
- In a challenging macro environment in Europe, we are experiencing good activity at our key customers in our most important markets. The positive development in the services segment combined with a solid order backlog in the products & solutions segment provides a good starting point to 2013, concludes Ragnvaldsen.
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 360 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.