Signs of improvement in the markets
(Thomson Reuters ONE) - - 2009 has been a challenging year, but towards the end of the year we have seensigns of improvement. This is confirmed by increased order intake in allcountries. Furthermore we have in 2009 taken actions to make the company moreefficient and focused, which gives us reason for optimism going forward, saysKenneth Ragnvaldsen, CEO of Data Respons ASA.The Group's operating revenue in the fourth quarter was NOK 170.8 million, adecrease of 31% from the same period last year. EBITDA was NOK 4.1 million, andEBIT NOK 2.1 million. Order intake during the quarter totalled NOK 182 million,and cash flow from operating activities was NOK -0.3 million in the quarter.The Group's operating revenue for 2009 was NOK 726.1 million, a reduction of11% compared to 2008. EBITDA was NOK 14.4 million, adjusted for one-off expensesof NOK 35.0 million from Q2-09. Cash flow from operating activities was positivewith NOK 3.8 million in 2009. The order backlog was NOK 425 million at the endof the year.Increased order intake- From the third to the fourth quarter the order intake increased by 58% to NOK182 million as a result of a positive development for all the countries towardsthe end of the year. Going into 2010 we also see that the "pipeline" of largerand long-term solutions contracts is increasing, says Ragnvaldsen. This is anindication that the market conditions are improving.Increased outsourcing- Now that the markets are improving, we will see companies invest indevelopment and new opportunities, while maintaining a focus on cost control,says Ragnvaldsen. That is why I believe that more companies will choose to enterinto strategic partnerships for development and deliveries, instead of doingeverything themselves. Data Respons is very well positioned in this respect,with a complete value chain and cost effective solutions helping our customersto be more competitive.Renewed optimism- During 2009 we have implemented a series of initiatives making us moreeffective and focused, and as a result we have increased our competitiveness.The company is lean, our staff is alert, and we are again ready for new andlarge opportunities. We are expecting profitable growth in 2010, saysRagnvaldsen.For further information please contact:Kenneth Ragnvaldsen, CEO, Data Respons ASA, phone: +47 67 11 20 00 Mob: +47913 90 918.About Data ResponsData Respons` vision is to become leading in Europe within 2010 on EmbeddedSolutions in the industrial market. Embedded Solutions can be described as beingthe brains of a machine, system or industrial end product. Data Respons suppliesEmbedded Solutions to leading OEM companies, system integrators and verticalproduct suppliers in a range of market segments such as defence, offshore,automation, medical equipment, surveillance, transport, telecommunications andother industries. Data Respons ASA is listed on the Oslo Stock Exchange (Ticker:DAT), and is part of the information technology index. The company has officesin Denmark, Finland, Norway, Sweden and Germany. At the close of the 4th quarter2009 the company had a total of 464 employees.More information on Data Respons ASA can be found on our website:http://www.datarespons.com
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Datum: 27.01.2010 - 02:31 Uhr
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