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2016-10-20

Data Respons ASA: Q3-2016 - Strong profitability improvement

- The positive development internationally in combination with high momentum
in R&D Services, results in a record profit for the third quarter. Our
strong position within industrial digitalisation and
IoT provide exciting opportunities going forward
, says CEO of Data Respons ASA, Kenneth Ragnvaldsen.

Operating revenue for the third quarter was NOK 231.2 million (225.7), a
growth of 2 %. EBIT amounted to NOK 17.3 million (13.8). Operating cash flow
was NOK 8.6 million (13.1). Order intake for the quarter was NOK 186 million
(177).

Operating revenue for the first nine months was NOK 738.0 million (695.4), a
growth of 6 %. EBIT was NOK 45.8 million (41.5). Operating cash flow was NOK
32.9 million (30.5). Order intake for the the first nine months was NOK 794
million (689). The group's order backlog at the end of the quarter was NOK
755 million (707).

Strong momentum in R&D Services
- The positive development in the R&D Services sector continues, underlined by
a growth of 31 % for the first nine months. Both the Norwegian and our
international operations have experienced increasing numbers of new
assignments and innovative projects as well as having a high utilisation and
a record high EBIT margin for the quarter. Both large blue-chip companies as
well as start-up's focus their product development towards new opportunities
within industrial digitalisation, Ragnvaldsen says.

Strengthened position within industrial digitalisation and
IoT
- With the acquisition of MicroDoc, we strengthen us within several key
strategic areas at one time. It gives us a big boost in SW development
capabilities, IoT and digitalisation for the group as a whole. We get a
strongfoothold
in Germany within R&D Services with further offices in Munich, Berlin and
Stuttgart. Last, but not least, it gives us access to a strong customer
portfolio with recurring business in markets such as Automotive, Smart
grid/Smart home, Banking/Insurance, IoT and Industrial Automation, says
Kenneth Ragnvaldsen, CEO of the Data Respons group.
Expect a good development ahead
- The year has shown growth, improved profitability and a healthy cash flow so
far. The positive development in the R&D Services sector compensate for the
demanding Oil&Gas and Maritime markets in Products&Solutions. Overall, the
group has high activity levels and a solid order reserve, which provides a
good foundation for 2016, Ragnvaldsen concludes.

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 IoT and embedded solutions market. We provide industrial
computer products, R&D services and embedded 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.

DAT Presentation Q3 2016
http://hugin.info/131926/R/2050048/766805.pdf
DAT Quarterly Report Q3 2016
http://hugin.info/131926/R/2050048/766763.PDF

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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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