Increasing order intake

 - There are signs of improvements in the markets. The number of inquiries is increasing and Data Respons achieved growth in both order intake and order reserve, says Kenneth Ragnvaldsen, CEO of Data Respons ASA.

1st quarter operating revenue was NOK 172.2 million. EBITDA was NOK 3.0 million and EBIT was NOK 1.1 million. The order intake totalled NOK 191 million, and the order reserve was NOK 444 million at the end of the quarter.

 

An indicator of growth

- The order intake is up by 16% and our order pipeline for larger solutions contracts is solid. This is traditionally a good indicator of growth for Data Respons and indicates a solid order intake in the 2nd quarter as well, says Ragnvaldsen. We are also increasing our revenue compared to the 4th quarter of last year, but compared to the 1st quarter of last year our revenues are still affected by the downturn in the world economy.

 

Reviving markets

- More and more customers are positioning themselves for the next upswing in the markets. They are launching new products with improved functionality and competitive prices. Data Respons is contributing with cost effective technological solutions, local access to competency, while ensuring a competitive cost structure. This is done by performing development locally, while the production phase is performed by our partners in Asia, says Ragnvaldsen.

 

Well positioned

- Data Respons has over several years built a strong organisation with a complete value chain within Embedded Solutions. Our geographical locations within the most important industrial regions in the Nordics put us close to our customers, which is valuable when the markets now are turning, concludes 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 1st quarter 2010 the company had a total of 459 employees.

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

 
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)