Du är här

2014-04-11

Data Respons ASA : Growth and improved profitability

- Data Respons started the year with good growth and continued improvements in
profit margins. We are well positioned in our key markets and experiences
high activity levels in our home markets as well as internationally, says
Kenneth Ragnvaldsen, CEO of Data Respons ASA.

Operating revenue for the first quarter was NOK 225 million (193). EBITDA was
NOK 13.2 million (11.0) and EBIT amounted to NOK 12.4 million (10.0). The
order intake for the period was NOK 200 million (227). The group's order
backlog at the end of the quarter was NOK 601 million (646). Operating cash
flow was NOK -1.5 million (-2.1).

12 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. We have gained competitive advantage
by being early movers with a long-term perspective. This sort of setup cannot
be built in a day, 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 first quarter
was partly due to winning bigger and more significant customers
internationally, especially in Sweden and Germany.
A good start to 2014

- The start of 2014 has been positive for Data Respons. Although the market
conditions are mixed, the outlook for most of our global customers is
improving. 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, Taiwan and China. www.datarespons.com

Quarterly report Q1 2014
http://hugin.info/131926/R/1776552/606135.pdf
Presentation Q1 2014
http://hugin.info/131926/R/1776552/606152.pdf

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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

HUG#1776552

Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.