Data Respons continues the growth
Data Respons achieved a revenue growth of 32% and improved results of 29% in the first quarter. Acquisitions in Sweden and good access to new business are main reasons for the growth.
Data Respons' operating revenue in the 1st quarter was NOK 174.1 million (132.1). EBITDA was NOK 10.6 million (8.2), and the profit before tax was NOK 8.8 million (7.0).
The Groups order reserve was NOK 430 million (321) at the end of the period, a growth of 34% compared to the 1st quarter of 2007. The cash flow from operations was positive with NOK 9.9 million.
13 consecutive quarters of growth in the order reserve
The order reserve increases with 34% to NOK 430 million, allowing Data Respons to deliver the 13th consecutive quarter of growth in the order reserve.
- The increase in both order intake and order reserve in the first quarter provides good conditions for growth in 2008, says CEO Kenneth Ragnvaldsen in Data Respons ASA. In spite of more uncertain trading conditions, we are experiencing an influx in our main markets.
Sweden continues its progress
Data Respons Sweden increased revenues by 136% to NOK 66.2 million in the quarter, which constitute 38% of the total Group revenues.
- We are very pleased with the development in revenue, profitability and order reserve, says Ragnvaldsen. Revenues in Sweden are now leveled with the Norwegian operations and shows that we are gaining territory in the Swedish embedded solutions market which is estimated at being five times as large as in Norway.
Competency provides solutions sales
- Our specialists are in demand and are participating in exciting projects with both new and existing customers. Building a larger competency platform is strategically important in being able to develop new solution customers and to emerge as complete supplier in the growing embedded solutions market, Ragnvaldsen concludes.
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` vision is to become leading in Europe within 2010 on Embedded Solutions in the industrial market. Embedded Solutions can be described as being 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` customers include Ericsson, Nera, ABB, Brüel & Kjær, 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 1st quarter 2008 the company had a total of 423 employees.
More information on Data Respons ASA can be found on our website: http://www.datarespons.no