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© bellemedia dreamstime.com Embedded | October 17, 2014

Growth and improved profitability in Data Respons' Q3

Data Respons experienced a strong growth and continued improvement in profit margins in the third quarter.
Operating revenue for the third quarter was NOK 186 million (158), a growth of 17 %. EBITDA was NOK 12.1 million (7.1) and EBIT amounted to NOK 11.3 million (6.1). The order intake for the period was NOK 162 million (144). Operating cash flow was NOK 11.7 million (14.7).

14 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. A focus on specialist services in Norway and Sweden provides access to many exciting and innovative projects with satisfactory profitability and long-term growth opportunities,” says Kenneth Ragnvaldsen, CEO of Data Respons ASA

“In the first nine months of 2014 we enjoyed both revenue growth and improved profitability. Although the market conditions are mixed, signals from many of our global customers indicate improvements going forward. 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,” Ragnvaldsen concludes.

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NOK 1 = EUR 0.11881 (oanda 2014-1017)

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