Q3-2015 – Growth and improved profitability

Data Respons had a good third quarter in 2015 with 21 % growth, improved profitability and a strong development in international markets, says Kenneth Ragnvaldsen, CEO of Data Respons ASA.

Operating revenue for the third quarter was NOK 226 million (186), a growth of 21 %. EBITDA was NOK 14.7 million (12.3) and EBIT amounted to NOK 13.8 million (11.6). Operating cash flow was NOK 13.1 million (11.7). Order intake for the period was NOK 177 million (162).

Operating revenue for the first nine months was NOK 695 million (620), a growth of 12 %. EBITDA was NOK 44.1 million (39.4) and EBIT amounted to NOK 41.5 million (37.1). Operating cash flow was NOK 30.5 million (27.5). Order intake for the period was NOK 689 million (596). The group’s order backlog at the end of the quarter was NOK 707 million (602).

Strong growth in Sweden
– The driving force behind our third quarter growth is a strong development in Sweden, confirming its position as our most important region. Our brick-by-brick philosophy is now paying off with large industrial customers in this market. It takes a long time to get a foothold and show that you are capable of delivering value-generating services and products, but once you have proven yourself it leads to long term, healthy business. Important drivers in the market are more mobility, increased automation / robotising, the digitising of the society and IoT – all of which are areas where we have a lot of competence and many exciting services and products to offer, says Ragnvaldsen.

Germany is important
– Germany is an important priority for Data Respons going forward. This is by far the largest single market in our industry in Europe, accounting for more than 35 % of the total demand. We have strong growth in the region and expect to exceed NOK 100 million in revenue in 2015. There is considerable growth potential in many years to come, and eventually we find it realistic that Germany will be the largest market also for Data Respons, says Ragnvaldsen.

Continued positive development
– In the first nine months, the company enjoyed both revenue growth and improved profitability. Although the market conditions are still mixed, we see significant potential in several of our key markets. The positive development in Sweden and Germany counteracts the somewhat more challenging oil related markets in Norway. In total, the company has high activity and a solid order backlog, which provides a good basis for a good finish to 2015, 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 and Taiwan. www.datarespons.com

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.