Profitability in all countries
- In a difficult market we are pleased with profitability in all countries and a positive cash flow in the quarter. Although we see some bright spots, we still think the market conditions will remain demanding throughout 2009, says Kenneth Ragnvaldsen, CEO of Data Respons ASA.
The Group's 3rd quarter operating revenue was NOK 154.6 million, a decrease of 16%. EBITDA was NOK 7.1 compared to 14.5 last year. Order intake during the quarter totalled NOK 115 million and the order backlog was NOK 414 million at the end of the quarter. The cash flow from operating activities was NOK 8.9 million.
Profitability in Denmark
- The Danish operations managed to return to profitability in the 3rd quarter, which we are very pleased with, says Ragnvaldsen. During the quarter Lasse Viegand Hansen started as new country manager, with experience from leading positions in several international companies.
- The development in revenues and order intake in the quarter is marked by demanding market conditions, but we do see some bright spots, says Ragnvaldsen. The main part of the decline seems to be over in several end-markets and the number of inquiries in parts of the service segment is rising. The main picture is however demanding, and we expect challenging market conditions throughout 2009.
- In times like these it is important that we show drive and efficiency in all parts of our organisation. All our customers will notice that we are agile and alert, performing at our best in each situation, says Ragnvaldsen. Our local presence combined with our global partner network gives us unique opportunities in this respect.
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 2009 the company had a total of 480 employees. More information on Data Respons ASA can be found on our website: http://www.datarespons.com
For further information please contact:
Kenneth Ragnvaldsen, CEO, Data Respons ASA, phone: +47 67 11 20 00 Mob: +47 913 90 918.