Record year for Data Respons
- Profitability in all countries, a strong cash flow and an order intake close to a billion sums up 2008. We have completed a very good year, says Kenneth Ragnvaldsen, CEO of Data Respons ASA.
The Group's operating revenue in the fourth quarter was NOK 248.9 million, a growth of 28 %. EBITDA was NOK 22.3 million, up 5 % from last year. The order backlog was NOK 515 million at the end of the quarter, an increase of 32 %. Cash flow from operating activities was NOK 25 million in the quarter.
The Group's operating revenue for the full year was NOK 818.5 million, a growth of 29 %. EBITDA was NOK 62.5 million, up 18% from last year. The order intake for the year was NOK 945 million, an increase of 24 %.
All countries contribute
- Our international operations continue their progress, and the split of revenue between regions and industries contribute to a more balanced exposure for the Group's operations. We are especially pleased with the strong finish in Germany. This confirms that our business model is competitive in the largest embedded market in Europe, says Ragnvaldsen.
Record high order backlog
- With the financial crisis in mind it is inspiring to set a record both for revenue and order intake in the last quarter, says Ragnvaldsen. An order backlog of more than half a billion enables a good start in 2009, and we are proud to present the 16th quarter in a row with growth in the order backlog.
Prepared for challenges in 2009
Data Respons believes the long-term prospects in the embedded market are positive, but is prepared for also this market to be impacted by the downturn in the world economy.
- We are prepared for a challenging year and have already implemented initiatives. Our cash flow has improved and our financial position is strengthened. We will continually improve the efficiency of our operations and will implement cost saving initiatives where needed. However, we will stay a competency oriented growth company with focus on its customers, 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 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 end of 2008 the company had a total of 511 employees.
More information on Data Respons ASA can be found on our website: http://www.datarespons.com