Continued growth in Data Respons
Data Respons can report a growth in revenues of 49 %, a growth in the order reserve of 49 % and improved results compared to the 3rd quarter last year. A strong market position combined with increased solution sales explains the improvement in revenue.
Solid progress in Norway and Sweden
Data Respons grows with 113 % in Sweden and 44 % in Norway compared with the 3rd quarter last year.
- Norway continues to reach new heights because we are gaining more customers who opt to purchase entire solutions rather than developing everything in-house, says C.E.O Kenneth Ragnvaldsen in Data Respons ASA. We are witnessing the same development in Sweden. They are continuing the same positive trend as they did in the previous quarter and are awarded new solution contracts.
Challenges relating to component access
The European Union introduced the RoHS- and WEEE-directives on the 1st of July this year which states that lead no longer can be used in computer products, only a few industries are exempt.
- This shift in the industry occurs simultaneously with an increase in demand for Embedded Solutions, Ragnvaldsen points out. This means that the producers in the global component market are unable to deliver on time, which in turn increases the average delivery time. Several of our solution deliveries are delayed and Denmark in particular has felt this effect.
Leading position in Denmark
The acquisition of Embedit positions Data Respons at the forefront of the Embedded Solutions market in Denmark.
- Denmark will in the near future gain a similar profile and position as our Norwegian company who is experiencing an immense success, says Ragnvaldsen. Embedit is well positioned in terms of their customers and are involved in developing solutions for the customers. They however stop at the prototype stage and thus lack Data Respons' model to obtain repetitive solution sales. We expect interesting cross-sales opportunities and a great basis for growth in the future.
For further information please contact:
Kenneth Ragnvaldsen, C.E.O., Data Respons ASA phone: +47 67 11 20 00 Mob: +47 913 90 918. Press releases, quarterly reports and presentations are located on www.newsweb.no
About Data Respons
Data Respons' vision is to become leading in Europe within 2010 on Embedded Solutions in the industrial market. Data Respons ASA 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's customers include Ericsson, Nera, ABB, Brüel & Kjær, Tandberg, Anritsu and Saab.
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, Finland, Norway, Sweden and Germany. At the close of the 3rd quarter of 2006 the company had a total of 183 employees.
More information on Data Respons ASA can be found on our website: www.datarespons.com