Data Respons ASA: Record quarter

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- Solid performance across the company contributed to record revenues and results in the first half of 2019. For specialist companies like Data Respons with extensive skills in both software and hardware, the underlying megatrends of automation, connectivity (IoT) and industrial digitalisation offer many exciting technology projects, says Kenneth Ragnvaldsen, CEO of Data Respons ASA.

Operating revenue for the second quarter was NOK 432.6 million (356.6), a growth of 21%. EBITA amounted to NOK 45.0 million (31.6). EBIT was NOK 39.5 (25.3). The profit for the period was NOK 26.9 million (14.1) and EPS of NOK 0.35 (0.24). Data Respons had a cash flow from operating activities of NOK 43.2 million (55.8) in the quarter.

Operating revenue for the first half-year was NOK 884.9 million (709.5), a growth of 25%. EBITA was NOK 95.9 million (61.8). EBIT was NOK 84.8 (52.2). Operating cash flow was NOK 66.1 million (6.1).

- Focus on profitable growth is a core part of the company’s DNA, and we are continuously launching new short- and long-term initiatives to sustain this over time. Initiatives include new start-ups, technology transfer, recruitment of new talent, collaboration with universities and customer activities. With an average annual growth of 17% over the last 18 years, I think it fair to say that Data Respons is a true growth company, says Kenneth Ragnvaldsen, CEO of Data Respons ASA.

 

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. 

This information is subject to the disclosure requirements pursuant to sections 5–12 of the Norwegian Securities Trading Act

 

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Globe Newswire: 06:30 GMT Friday 12th July 2019

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