Data Respons ASA: Solid start with growth of 20% for Data Respons
April 19 2018 - 2:30AM
- Strong growth, improved profit
margins and a well-proven bolt-on acquisition strategy all
contribute to a record quarter for Data Respons, says Kenneth
Ragnvaldsen, CEO of Data Respons ASA.
Operating revenue for the first
quarter was NOK 352.9 million (293.4), a growth of 20 %. EBITDA
amounted to NOK 31.3 million (24.2). EBIT was NOK 26.8 (21.5).
Profit for the period was NOK 26.3 million and EPS of NOK 0.46.
Data Respons had a cash flow from operating activities of NOK -49.7
million (-16.6) in the quarter, mainly due to seasonality and
calendar effects as the quarter ended in the Easter holidays which
in turn affected the cash collection.
R&D is the main growth engine
- R&D Services continues the
strong development with a solid 34 % growth in Q1, whereof 13 % is
organic, leading to record high revenues and profits in the first
quarter. The main drivers for the positive development are high
overall utilisation, a good inflow of exciting specialist
assignments and larger turnkey R&D projects, especially in the
international entities. Customers across all industries are seeking
to develop smarter, connected and digitalised solutions to improve
their business.
28 % of Data Respons' revenues
comes from Transport & Automotive where we are working with
several of the leading players, both within passenger cars and
trucks. This industry may be the ones that spend the most money on
R&D globally and together we develop technology that bring the
vehicles into the future. Our specialist competence and broad
experience makes our company attractive to our customers, partners
and excellent engineers, says Ragnvaldsen.
The ongoing bolt-on acquisition
program continues to positively effect the company's long-term
growth plan. Our recent acquisition of EPOS CAT offers great
synergies and strengthens Data Respons' position as a complete
technology partner for industrial digitalisation, smarter embedded
and IoT solutions going forwards, continues Ragnvaldsen.
Focus on Software
- Revenues in the Solutions
segment was at the same level as last year, while the profitability
continues to improve. We have started a strategic transformation
process to increase focus on SW content and value-add services, in
addition to a gradual shift in the portfolio towards more complex
and high-end solutions. This has provided a more favourable revenue
mix with higher margins, although it might influence the growth in
the transition period, says Kenneth Ragnvaldsen CEO of Data Respons
ASA.
Continued growth and increased profitability ahead
- Q1 2018 provided record high
revenues and strong profitability. The overall market outlook
remains attractive and we see opportunities in all our key markets.
Data Respons seeks to continue the growth through a combination of
organic development and selective bolt-on acquisitions in the
Nordics and Germany to strengthen our position as a complete
technology partner for innovative tech start-ups to blue-chip
global players, Ragnvaldsen concludes.
For further
information:
Kenneth Ragnvaldsen, CEO, Data Respons ASA, tel. +47 913
90 918.
Rune Wahl, CFO, Data Respons ASA, tel. + 47 950
36 046
About Data
Respons
Data Respons is a full-service, independent technology company and
a leading player in the IoT and the embedded solutions market. We
provide R&D services and embedded solutions to OEM
companies, system integrators and vertical product suppliers in a
range of market segments such as Transport & Automotive,
Industrial Automation, Telecom & Media, Space, Defence &
Security, Medtech, Energy & Maritime, and Finance & Public
Sector.
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
DAT_Quarterly Presentation_Q1
2018
DAT_Quarterly report_Q1 2018
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
Proshares Big Data Refin... (AMEX:DAT)
Historical Stock Chart
From May 2024 to Jun 2024
Proshares Big Data Refin... (AMEX:DAT)
Historical Stock Chart
From Jun 2023 to Jun 2024