Data Respons ASA: Record year for Data Respons
31 January 2018 - 6:30PM
- The strong international growth contributed to record high
revenues for the quarter and for the year overall. The last
acquisitions in Germany combined with increased SW focus improves
margins for the group, says Kenneth Ragnvaldsen, CEO of Data
Respons ASA.
Operating revenue for the fourth
quarter was NOK 353.5 million (301.6), a growth of 17 %. EBITDA
amounted to NOK 31.1 million (25.5). EBIT was NOK 27.7 (22.6).
Operating cash flow was NOK 35.7 million (46.5). Order intake for
the period was NOK 410 million (334).
Operating revenue for the year was
NOK 1 241.8 million (1 039.6), a growth of 19 %. EBITDA
was NOK 102.5 million (74.4). EBIT was NOK 90.1 (68.4).
Operating cash flow was NOK 78.3 million (79.4). Order intake for
the period was NOK 1 325 million (1 129). The group's order backlog
at the end of the quarter was NOK 794 million (781).
Technology trends
provide tailwind
- R&D Services continue the strong development with a solid 30
% growth in 2017, whereof 8 % is organic. The international part of
the operations in particular are enjoying several new and
innovative projects, yielding high utilisation and record high
EBIT. Our broad competences and experience fit very well with the
technology mega trends. Currently we are involved in over 100
exciting development projects ranging from connected and autonomous
vehicles to future smarter and more automated factories. This makes
our company attractive to our customers, partners, and experienced
engineers, says Ragnvaldsen.
Within the Solutions segment, the
SW focus continues to be important driven by the desire to make
everything smarter. The development of these solutions requires
multidiscipline competence and enables a higher contribution for
specialist companies such as Data Respons. This development, in
combination with a strong cost discipline, has improved the
profitability in the quarter and for the year overall, continues
Ragnvaldsen.
Strengthened
position in Germany
- Sweden maintains the position as the largest geographical market,
counting for 48 % of revenues, however, Germany is growing at the
highest pace. In addition to strong organic development, we
acquired the SW-specialist EPOS CAT in December 2017. With this
transaction, we continue to strengthen our presence in Germany, the
largest market in Europe. EPOS CAT is a highly regarded supplier of
specialist services to the automotive industry, an important and
growing segment for Data Respons. In Germany, we are also involved
in smart home concepts, modernisation of SW platforms within the
banking sector, and several exciting projects within IoT, says
Kenneth Ragnvaldsen, CEO of Data Respons.
Expecting continued
strong development ahead
- 2017 provided record high revenues, order intake, and operating
result. Technology mega trends, implying a more data driven society
with a growing number of connected devices, will continue to mature
across all industries. Our customers, from the established blue
chip companies to the start-ups, are increasing their focus on new
developments and upgrades of their products, platforms, and system
solutions. Attractive market conditions, high activity, and robust
order backlog offers a solid starting point for continued strong
development going forwards, Ragnvaldsen concludes.
For further
information:
Kenneth Ragnvaldsen, CEO, Data Respons ASA, tel. +47 913
90 918.
Rune Wahl, CFO, Data Respons ASA, tel. + 47 950
36 046
About Data
Respons
Data Respons is a full-service, independent technology company and
a leading player in the IoT and the embedded solutions market. We
provide R&D services and embedded solutions to OEM
companies, system integrators and vertical product suppliers in a
range of market segments such as Transport & Automotive,
Industrial Automation, Telecom & Media, Space, Defence &
Security, Medtech, Energy & Maritime, and Finance & Public
Sector.
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
DAT_QuarterlyReport_Q4_2017
DAT_Presentation_Q4_2017
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Data Respons ASA via Globenewswire
Proshares Big Data Refin... (AMEX:DAT)
Historical Stock Chart
From Jun 2024 to Jul 2024
Proshares Big Data Refin... (AMEX:DAT)
Historical Stock Chart
From Jul 2023 to Jul 2024