The company has achieved a new record for both Q3 order intake and order intake per September 30th. The positive development shows that we are well positioned for growth going forward, says Kenneth Ragnvaldsen, CEO of Data Respons ASA.
Operating revenue in the 3rd quarter was NOK 154.0 million. EBITDA was NOK 1.7 million and EBIT was NOK 0.1 million. The order intake was NOK 202 million, a growth of 76 %.
Operating revenue for the first 9 months was NOK 502.5 million. EBITDA was NOK 7.4 million and EBIT was NOK 2.2 million. The order intake was NOK 695 million, a growth of
53 %, and the order reserve at the end of the quarter was NOK 617 million, a growth of 49 %.
A steady flow of contracts
– During the quarter, Data Respons signed the third largest contract so far this year with Kongsberg Protech Systems, worth NOK 22 million. The number of requests is increasing in all countries and we have several exciting projects in the pipeline, says Ragnvaldsen. Customers are looking for solid and long-term suppliers of solutions that can offer a value chain of development, industrialisation and high-quality deliveries at an ever-increasing pace.
Customers see opportunities in Asia
– The expansion in Asia has created a noticeable interest among our customers, and we have registered more customer visits to our offices in Asia than ever before. We are a stepping stone into Asia for our customers, where our presence ensures quality in the production of solutions, says Ragnvaldsen.
Future growth
– Never before has Data Respons had a higher order intake in the first 3 quarters, and we have registered the market turning in a positive direction, says Ragnvaldsen. The order intake is a good indicator for the future and we are expecting that this will be reflected in revenue growth and improved results going forward.
Data Respons- vision is to become leading in Europe within 2010 in Embedded Solutions for the industrial market. Embedded Solutions can be described as the brains of a machine, system or industrial end product. Data Respons supplies Embedded Solutions to leading OEM companies, system integrators and vertical product suppliers in a range of market segments such as defence, offshore, automation, medical equipment, surveillance, transport, telecommunications and other industries. 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 Denmark, Finland, Norway, Sweden and Germany. At the close of the 3rd quarter 2010 the company had a total of 449 employees.
More information on Data Respons ASA can be found on our website: http://www.datarespons.com
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