Growth and improved profitability in 2014
- Data Respons finished 2014 with a strong fourth quarter including good profitability and a record high order intake, says Kenneth Ragnvaldsen, CEO of Data Respons ASA.
Operating revenue for the fourth quarter was NOK 229 million (229). EBITDA was NOK 18.3 million (18.4) and EBIT amounted to NOK 17.4 million (17.5). Operating cash flow was NOK 24.0 million (24.3). Order intake for the period was NOK 350 million (251).
Operating revenue for 2014 was NOK 849 million (801), a growth of 6 %. EBITDA was NOK 57.6 million (50.4) and EBIT was NOK 54.5 million (46.5). The order intake for the period was NOK 945 million (819). The group's order backlog at the end of the quarter was NOK 723 million (626).
NOK 1,00 dividend
- Data Respons has focused on its core business and become a more cost effective organisation, resulting in 5 consecutive years with improved profitability. In the fourth quarter, the company had an operating margin of 8 % and the services segment achieved the long-term goal of a 10 % operating margin. The company also had a strong cash flow from operations throughout the year. On this basis, the Board of Directors proposes to continue with a dividend of NOK 1,00 per share for 2014, offering one of the highest dividend yields at the Oslo Stock Exchange, says Ragnvaldsen.
Record high order intake
- Over the past years, our main goal has been to focus on the company's key markets, leading to organic growth of 6 % in 2014. In the final quarter of the year the company achieved a record high order intake and order backlog after significant contracts were signed with customers within Medical, Maritime, Telecom and Industry.This is a great inspiration for us and we are especially glad that we signed bigger and more significant international customers during the past year, says Ragnvaldsen.
Continued positive development
- In 2014 the company enjoyed both revenue growth and improved profitability. Although the market conditions are still mixed, we see significant potential in several of our key markets. 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 2015, 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.