Q1 - Improved profitability

- Focused efforts on the company's key markets and a more efficient organisation improved profitability in the 1st quarter. The company was also awarded several important contracts in Sweden, says Kenneth Ragnvaldsen, CEO of Data Respons ASA.

Operating revenue for the 1st quarter was NOK 193 million (225). EBITDA was NOK 11.0 million (9.3) and EBIT amounted to NOK 10.0 million (8.2). The order intake for the period was NOK 227 million. Operating cash flow was NOK -2.1 million. The group's order backlog at the end of the year was NOK 672 million.

A focused company
Data Respons' profitability improved during the quarter, as the company has focused on its core business and has become a more cost effective organisation. Profitability development was especially positive in the services segment due to good overall utilisation and concentration on core market regions. The company's revenue declined due to the downsizing in loss making areas carried out in 2012 and some delays in solutions deliveries.

Many new contracts
- Data Respons had a strong order intake in the first quarter and was awarded several significant contracts within our main markets such as Oil Services/Maritime, Defence, Industry and Medical. The company also signed several important contracts in Sweden, contributing to the largest order backlog (NOK 563 million) in the history of the company within the products & solutions segment, says Ragnvaldsen.

Further improvement
- We experience high activity levels in our areas of focus and have established a solid market position. The positive development in the services segment combined with a record high backlog within the products & solutions segment gives a good foundation to continued profitability improvement going forward, concludes Ragnvaldsen.

 

For further information:
Kenneth Ragnvaldsen, CEO, Data Respons ASA, tel. +47 913 90 918.

About Data Respons
Data Respons is a full-service, independent technology company and a leading player in the embedded solutions market. We provide products, services and embedded computer solutions to OEM companies, system integrators and vertical product suppliers in a range of market segments such as defence, medical equipment, industrial automation, oil services and 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 387 employees and offices in Norway, Sweden, Denmark, Germany and Taiwan. www.datarespons.com

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.