Data Respons ASA: Strong start to 2017 for Data Respons
April 27 2017 - 2:30AM
- The positive development internationally in
combination with a strong momentum in R&D Services gave a
record start to 2017. The trends of increased automation,
industrial digitalisation and IoT (Internet of Things) fits well
with our competence profile and provides strong growth
opportunities for Data Respons, says Kenneth Ragnvaldsen, CEO of
Data Respons ASA.
Operating revenue for the first quarter was NOK 293.4 million
(243.6), a growth of 20 %. EBITDA amounted to NOK 24.2 million
(13.2), and profit before tax was NOK 40.5 million (10.5). EPS
(Earnings per share) was 0.69. Net operating cash flow was NOK
-16.6 million (4.5). The order intake for the quarter was NOK 363
million (312). The group's order backlog at the end of the first
quarter was NOK 851 million (759).
Record quarter for R&D Services
- We experience a strong development
in the R&D Services segment with a growth of 50 % and have
record results in the first quarter. Data Respons has had a good
inflow of new assignments and innovative projects from both current
and new customers in Norway and internationally. We have a
competitive and technology driven culture and have been involved in
more than a thousand large and small development projects over the
last years which makes us attractive for our partners, customers
and skilled engineers, says Ragnvaldsen.
Strengthening the organisation
internationally
In addition to a healthy organic development, Data Respons will
continue to consider bolt-on acquisitions as part of our
international growth plan. In the first quarter, TechPeople was
fully incorporated into the group. The company specialises in
software and application development, architecture and system
design as well as communication for embedded and IoT solutions. The
acquisition strengthens Data Respons' position as a leading player
within R&D Services in Denmark and TechPeople is well
positioned in terms of the digitalisation that will form industrial
and technological companies in years to come, says Kenneth
Ragnvaldsen, CEO of Data Respons.
Expect a good
development ahead
- The world is getting more
digitalised, automated and connected. For both established and new
customers this means a greater focus is placed on new development
and upgrades of their products, platforms and systems. Good market
conditions, high activity levels and a record high order reserve
provides a good starting point for a continued positive
development, 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 Medical, Industry Automation, Smart grid/Smart home,
Bank and Insurance, Automotive, Defence, Maritime, Energy and
Telecommunications.
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_Presentation_Q1_2017
DAT_QuarterlyReport_Q1_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
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