Growth and improved profitability
- Data Respons finished the year with good growth and strong improvements in profit margins. The company is more focused on its core business, is a more cost effective organisation and is well positioned in our key markets, says Kenneth Ragnvaldsen, CEO of Data Respons ASA.
Operating revenue for the fourth quarter was NOK 230 million (211). EBITDA was NOK 18.8 million (9.7) and EBIT amounted to NOK 17.8 million (8.6). The order intake for the period was NOK 251 million (236). Operating cash flow was NOK 24.3 million (20.6).
Operating revenue for 2013 was NOK 800 million (844). EBITDA was NOK 50.1 million (35.3) and EBIT was NOK 46.2 million (30.7). The order intake for the period was NOK 819 million (843). The group's order backlog at the end of the quarter was NOK 626 million (613).
11 consecutive quarters with improved profitability
- Data Respons has focused on its core business and become a more cost effective organisation, which has resulted in a long-term trend of improved profitability and strong cash flow from operations. The company's long-term strategy to develop a global value chain with a network of suppliers in Asia provides a competitive advantage and great flexibility for our customers. Furthermore, a focus on specialist services in Norway and Sweden provides access to a great range of exciting and innovative projects with good profitability, says Ragnvaldsen.
Growth in key markets
- Over the past years, our main goal has been to focus on the company's key markets. The common denominator for our business is to develop and deliver robust computer solutions that can withstand harsh environmental conditions. We are among the leading specialists in the Nordic region for reliable electronics and embedded computer solutions for use in maritime environments, oil services, telecommunications, or in defence. Growth in the fourth quarter was partly due to winning bigger and more significant customers internationally, especially in Sweden.
Expecting a good start to 2014
- The start of 2014 has been positive for Data Respons. Although the market conditions are mixed, the main outlook from most of our global customers is improving going forward. The positive development in the services segment combined with a solid order backlog in the products & solutions segment provides a good basis for a strong start to 2014, concludes 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 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 offices in Norway, Sweden, Denmark, Germany, Taiwan and China. www.datarespons.com