Q3 - Continued strong growth
Data Respons continued with good growth in the third quarter. A solid market position and a healthy development in business areas across the group explain the positive development, says Kenneth Ragnvaldsen, CEO of Data Respons ASA.
The group's operating revenue for the 3rd quarter was NOK 189.1 million, a growth of 23 %. EBITDA was NOK 3.0 million and EBIT ended at NOK 1.7 million. The order intake was NOK 153 million.
The group's operating revenue as per the 30 September was NOK 624.3 million, a growth of 24 %. EBITDA was NOK 8.2 million and EBIT was 4.0 million. The order intake was NOK 659 million and the order backlog was NOK 641 million, a growth of 8 %.
Record high revenues
The Norwegian operations continued its strong development in the 3rd quarter and contributed along with Sweden to record revenue for the group. A firm market position, strong customer portfolio and balanced business mix between solutions, products and consultant services contributed to a new record for the 3rd quarter and the year as a whole.
- Our Norwegian operations set the standard in terms of what we expect from the group's international focus. We are concentrating especially on reaching the potential in the Swedish market, which is estimated to be five times the size of the Norwegian market, says Ragnvaldsen.
Asia as a part of the value chainData Respons has extensive experience working in collaboration with the customer on development and innovation, in combination with a global partner network. Our presence in Asia (Taiwan and Shanghai) provides many exciting opportunities for our customers. We are the bridge to Asia for our customers, where our local operations ensure quality in the production of solutions, says Ragnvaldsen.
Expect a good year-end closing
The beginning of the 4th quarter has been marked by large contract signings and a steady flow of new customer queries from our most important market segments. Combined with a solid order reserve, these are good indicators for further growth and improved results going forward, says Ragnvaldsen.
For further information: Kenneth Ragnvaldsen, CEO, Data Respons ASA, tel. +47 913 90 918.
About Data ResponsData Respons is a full-service, independent technology company and a leading player in the embedded solutions market. We provide products, services and embedded solutions to OEM companies, system integrators and vertical product suppliers in a range of market segments such as defence, medical equipment, industrial automation, offshore, transportation, energy and telecommunications. Embedded solutions can be described as the computer brain of a machine, system or industrial end product, and can be used in a broad range of industrial applications.
Data Respons ASA is listed on the Oslo Stock Exchange (Ticker: DAT), and is part of the information technology index. The company has 461 employees and offices in Denmark, Germany, Norway, Sweden and Taiwan. www.datarespons.com