Continued growth for Data Respons

Data Respons presents a quarter with profitable growth and strong cash flow, in addition to the 15th successive quarter with growth in the order reserve. 
 
The group's operating revenue in the quarter was NOK 184.0 million, a growth of 21 %. The EBITDA was NOK 14.5 million, an increase of 25 %. The Order reserve was NOK 491 million at the end of the quarter, a growth of 30 %. The cash flow from operations was NOK 21.6 million. 
 
International progress
- We are pleased to show growth in all parts of the group, but it is particularly gratifying that we continue the strong expansion internationally. This contributes to a more balanced exposure of the group's operations and revenue between countries, regions and industries, says Kenneth Ragnvaldsen, CEO of Data Respons.
 
Record high order reserve
- This is the 15th successive quarter where Data Respons achieves growth in the order reserve, says Ragnvaldsen. We are experiencing an increased demand for solutions that improve the customer's competitive position, and at the same time the wish to form a partnership with a solid and long-term solutions provider.
 
A strengthened position in Germany
During the quarter, Data Respons acquired the German development company Ipcas. The company was consolidated in the group accounts from September 1st, 2008.
 
- Ipcas is a well run competency company with a respected local standing and customers like Siemens, Bosch and Continental, says Ragnvaldsen. The acquisition will strengthen our competency platform, provide us with good solutions opportunities and increase our geographical expansion in Germany.
 
 

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 3rd quarter 2008 the company had a total of 508 employees.

More information on Data Respons ASA can be found on our website: http://www.datarespons.com