Q3 - Growth and improved profitability

- Data Respons experienced strong growth and continued improvement in profit margins in the third quarter. We are well positioned in our key markets and experience high activity levels in our home markets as well as internationally, says Kenneth Ragnvaldsen, CEO of Data Respons ASA.

Operating revenue for the third quarter was NOK 186 million (158), a growth of 17 %. EBITDA was NOK 12.1 million (7.1) and EBIT amounted to NOK 11.3 million (6.1). The order intake for the period was NOK 162 million (144). Operating cash flow was NOK 11.7 million (14.7).

Operating revenue for the first nine months of 2014 was NOK 620 million (571), a growth of 9 %. EBITDA was NOK 38.9 million (31.3) and EBIT was NOK 36.6 million (28.4). The order intake for the period was NOK 596 million (568). The group's order backlog at the end of the quarter was NOK 602 million (604).

14 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. 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. A focus on specialist services in Norway and Sweden provides access to many exciting and innovative projects with satisfactory profitability and long-term growth opportunities, says Ragnvaldsen.

Strong 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 or face demanding certification requirements. We are among the leading specialists in the Nordic region for reliable electronics and embedded computer solutions for use in maritime environments, medical equipment, transportation solutions, telecommunications, or in defence products. Deliveries to new large and significant customers internationally, especially in Sweden and Germany, helped secure growth in the third quarter.

Continued positive development
- In the first nine months of 2014 we enjoyed both revenue growth and improved profitability. Although the market conditions are mixed, signals from many of our global customers indicate improvements 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 continued positive development in 2014, 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 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.