© Data Respons Embedded | October 17, 2019
Data Respons reports on record high quarterly results
Data Respons presented figures for Q3 showing both solid revenue growth and a good margin increase. The company reports 35 percent growth in operating income and 68 percent growth in the operating profit, reaching an EBITA margin of 12.1 percent in the third quarter.
- So far 2019 has been a very good year for us, but this quarter has really hit the mark with 35 percent growth, says Kenneth Ragnvaldsen, CEO of Data Respons The strong performance is a mix of successful acquisitions and strong organic growth. In July, the German company Donat Group and the Swedish company inContext became part of the Data Respons group. In addition, the company can point to 11 percent organic growth for the group. - Our long-term strategy, where we have cultivated the specialist role, combined with a strong digitalisation trend, has yielded very good returns this quarter, Ragnvaldsen continues. Growing number of specialists It was not only financially that Data Respons experienced growth. In Q3 the company headcount grew by 270 engineers and developers across the group. However, the demand for more people is still high and several of the subsidiaries would like to recruit a developer every week in order to meet the increasing demand in the market. The company now counts 1'386 specialists in offices in Norway, Sweden, Denmark, Germany and Taiwan. - Our employees represent the core value of the company, and as the number of specialists increases, so does the opportunity for the entire company to grow and take on larger exiting projects. We have gone from being a small Norwegian tech company to becoming an international technology group with 35 nationalities and many very smart and talented people, says Ragnvaldsen. Growth driven by global megatrends Data Respons' revenue has grown by 28 percent this year, and much of that growth is credited to being strategically positioned in the response to big technology drivers according to Ragnvaldsen. - We have become a business-critical supplier to many large European companies that are in the early beginning of extensive digital evolutions. In Germany, we are part of the development of tomorrow's banking industry and mobility segment. In Sweden, we have large teams working on the roll out of 5G and IoT-technologies, and in Denmark and Norway we are creating digital platforms to the energy and MedTech sector, just to name a few, comments Ragnvaldsen. - In addition, we have good speed into the fourth quarter with a strong order intake, and across the group we are involved in long term projects that will continue to fuel our growth. We are still determined to continue the development of the company through a combination of organic development and selective bolt-on acquisitions, concludes Ragnvaldsen. Q3 facts - Quarterly
EUR 1 = NOK 10.1 (2019-10-17)
- Revenue in the third quarter was NOK 460.0 million (341.8), a growth of 35 percent.
- EBITA was NOK 55.6 million (33.2), a growth of 68 percent.
- The underlying EBITA in the third quarter, adjusted for expensed transaction cost of NOK 5.9 million related to the acquisition of DONAT Group GmbH and InContext AB, was NOK 61.5 million.
- EBIT was NOK 47.7 million (29.8), a growth of 60 percent.
- The profit for the period was NOK 29.9 million (18.9). EPS was 0.38 (0.32).
- Data Respons had a net operating cash flow of NOK 63.4 million (3.1) in the third quarter.
EUR 1 = NOK 10.1 (2019-10-17)
InnovationLab acquires flexible printed battery technology from Evonik German printed electronics specialist, InnovationLab, has acquired the TAeTTOOz printable battery technology from Evonik.
Sponsored content by FusionManufacturers Reassess their Supply Chains Prevailing obstacles since the COVID-19 Pandemic in 2020 have manufacturers reassessing their supply chain strategies. The following major disruptions that occurred entering 2022 added to existing setbacks, or created new ones altogether:
Motorola secures chip supply with GlobalFoundries deal The US semiconductor foundry has entered into a long-term agreement to safeguard the supply of chip solutions for Motorola Solutions' radios, which are widely used by public safety, critical infrastructure and enterprise organisations.
Foxconn and Yageo JV invests in Taiwan MOSFET manufacturer Hon Hai Technology Group (more commonly know as Foxconn) and Yageo Group have – via their joint venture XSemi – invested NTD 2.89 billion (EUR 91.6 million) in Taiwanese MOSFET manufacturer Advanced Power Electronics Corp.
Nexperia and Kyocera to develop GaN automotive power modules Nexperia and Kyocera AVX Components (Salzburg) GmbH, have entered into a partnership with a focus on power components – the companies aims to jointly developing GaN applications for electric vehicles.
Intel invests $700 million in new Oregon mega lab The US chipmaker plans to invest more than USD 700 million for a 200,000 square-foot, research and development mega lab focused on data center technologies and addressing areas such as heating, cooling and water usage.
Obsolescence management cannot be an afterthought “Obsolescence has always existed. However, it usually only becomes really critical for companies when the exception mutates into the norm. And in recent years we have unfortunately experienced this unwanted development not only with semiconductor chips, but increasingly with many other components, materials and raw materials,” says IIOM President and COGD Chairman Dr Wolfgang Heinbach.
Tower record 1Q22 revenues of $421 Million, a 21% YoY Tower Semiconductor reported first quarter 2022 revenue of USD 421 million, an increase of 21% compared to USD 347 million in the first quarter of 2021.
Gallium Semiconductor opens its Nijmegen R&D center Gallium Semiconductor has officially held the grand opening of its European R&D center in a ceremony in Nijmegen, the Netherlands.
Ferrotec to add manufacturing capacity with new plant in Malaysia Ferrotec, a global supplier of materials, components, and precision system solutions, is establishing a new manufacturing facility at Kulim Hi-Tech Park, Kedah, facilitated by the Malaysian Investment Development Authority (MIDA).
Skeleton targets the Polish market – teams up with ZPUE Supercapacitor specialist, Skeleton Technologies, and ZPUE, a Polish manufacturer of electrical devices for electrical power distribution utilities, have entered into a commercial agreement to provide energy storage solutions to the Polish market.
Texas Instruments breaks ground $30 billion investment The semiconductor manufacturer has broken ground on its new 300mm semiconductor wafer fabrication plants in Sherman, Texas – an investment set to create as many as create as many as 3,000 jobs.
ERP partners with Flip to fulfill EOL and Obsolete component solutions Flip Electronics has signed a franchised distributor partnership agreement with ERP Power (ERP) to distribute its End-of Life (EOL) semiconductor products.
Foxconn and DNeX build and operate wafer fab in Malaysia Dagang NeXchange Berhad (DNeX) and Foxconn subsidiary Big Innovation Holdings (BIH), plan to set up a joint venture company to build and operate a new 300mm wafer fab in Malaysia.
Sponsored content by Proval ServiceSince 25 years your partner for SMT stencils and solder pallets. 25 years of experience makes Proval Service not just a supplier but your trustful and grounded partner to support you with SMT stencils and solder pallets. A qualified and unite team can satisfy every customer's need during the whole process.
Imec and semiconductor partners target greener chip manufacturing Nanoelectronics research and innovation center, imec, says that it has managed to pool together stakeholders from the semiconductor value chain – from companies such as Apple and Microsoft, to suppliers, including ASM, Kurita, SCREEN and Tokyo Electron – to participate in its Sustainable Semiconductor Technologies and Systems (SSTS) research program.
SiPearl reaches milestone – 100 employees The European chip designer has exceeded 100 employees across its six sites in France (Maisons-Laffitte, Grenoble, Massy, Sophia Antipolis), Germany (Duisburg) and Spain (Barcelona).
Renesas to convert closed factory to 300mm wafer fab Renesas plans to conduct a JPY 90 billion (EUR 664 million) investment in its Kofu factory, located in Kai City, Yamanashi Prefecture, Japan. The company closed the factory back in October 2014, but now intends to reopen the fab in 2024 as a 300mm wafer fab.
Arrow names Jörg Strughold as president EMEA components Arrow Electronics announces that Jörg Strughold will take over as president of its components business in EMEA. He succeeds Martin Bielesch who has decided to leave the company.
€14 billion to attract semiconductor players to Germany EUR 14 billion in state support is the German governments new strategy to attract more chipmakers to the country.
10 different companies have expressed interest in Toshiba Back in April 2022, Toshiba Corporation announced that it had resolved to solicit proposals on strategic alternatives from potential investors and sponsors. The Japanese company is seeking to enhance its corporate value and has since the announcement been holding discussions with the potential partners.
TDK expands with new MLCC production site in Japan Japanese TDK Corporation says that it will construct a new production building on the premises of the Kitakami Factory – located in Kitakami city, Iwate prefecture, Japan – in order to to enhance the company's MLCC production.
Avnet breaks ground on German expansion In order to better serve its customers’ local and global needs, Avnet is expanding in two locations in Germany. Avnet Embedded broke ground on a new manufacturing site in Eschbach and Avnet EMEA plans to build its third European logistics centre in Bernburg.
Viettel & Qualcomm team up on 5G infrastructure development Viettel Group and Qualcomm Technologies plans to collaborate and develop a next-generation 5G Radio Unit (RU) with massive MIMO capabilities and distributed units (DUs). This focuses on helping to expedite the development and roll-out of 5G network infrastructure and services in Vietnam and globally.
Applied Materials opens Montana expansion – create 200 new jobs The company has opened its latest expansion in Montana, a new semiconductor manufacturing center set to create 200 jobs in the Flathead Valley.
How to easily select the right frequency generation component Question: What is the right frequency generation component for my application?
Bell Semiconductor is suing companies left and right In late April, Bell Semiconductor, a Pennsylvania-based technology and intellectual property licensing company, filed lawsuits against Micron, Infineon, Nvidia and seven other companies alleging infringement of one of its patents.Load more news