The growth continues for Data Respons
- Fourteen quarters in a row with increasing order reserve show that we are well positioned in the growing embedded market, says Kenneth Ragnvaldsen, CEO of Data Respons.
Keeping up the pace
Data Respons' operating revenue in the quarter was NOK 211.6 million, a growth of 35 %. The Group's EBITDA was NOK 15.2 million, an increase of 25 %. Profit before tax was NOK 13.4 million, a growth of 24 %.
- In the embedded market the customer require local presence and special competences, combined with a global partner network, providing freedom of choice as well as cost effectiveness, says Ragnvaldsen.
Orders flowing in
The order intake increased by 54 % to NOK 258 million, while the order reserve approached on half a billion. This is a new record in the Group's history and indicates continued growth going forward.
- Our customers are making their products more intelligent, they offer more variants, and the time to market is shorter. This demands competent and solid partners that can cover the whole value chain from development to delivery of embedded solutions. Data Respons is very well positioned in this respect, and this explains the ever increasing order intake, says Ragnvaldsen.
Sweden more than doubles its revenue in both the second quarter and the first half year. This is also the first time that Sweden is on top with respect to quarterly revenue.
- Proximity to the customer is important not just in Norway, but in the whole embedded market. As a result, we have worked very hard to build a solid competency platform combined with a good geographical presence, says Ragnvaldsen.
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 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 2nd quarter 2008 the company had a total of 441 employees.
More information on Data Respons ASA can be found on our website: http://www.datarespons.com