INTERIM REPORT ORDINA N.V. H1 2012: STEADY MARGIN
(Thomson Reuters ONE) -
Nieuwegein, 28 August 2012
HIGHLIGHTS FIRST HALF 2012
* Recurring EBITDA-margin maintained at 3.7% (H1 2011: 3.7%);
* Recurring revenue down 7.8% at EUR 201.9 million (H1 2011: EUR 219.0
million) and recurring EBITDA dropped 6.4% to EUR 7.6 million (H1 2011: EUR
8.1 million);
* Reorganisation costs reduced to EUR 3.0 million (H1 2011: EUR 7.2 million);
* Net result improved strongly to EUR -1.7 million (H1 2011: EUR -7.7
million);
* Net debt position EUR 20.4 million (end-H1 2011: EUR 52.8 million), net debt
/ adjusted EBITDA ratio 1.3 (H1 2011: 2.7);
* Improvement in company profile in terms of innovation as a result of
targeted proposition development;
* Various new contracts from the Ministry of Economic Affairs, Agriculture and
Innovation, various other ministries together with Corso, Central Agency for
the Reception of Asylum seekers (COA), Halt, Europol and a leading logistics
service provider in Belgium.
STÉPAN BREEDVELD, CEO ORDINA, ABOUT THE RESULTS
"We are maintaining our profitability in a challenging market. The measures we
introduced in 2011 and in the period under review aimed at the reduction of
personnel costs, increased flexibility in employment terms and controlling
indirect costs are clearly having a positive effect. We will continue to put
focus on these areas of interest in the future. We have also noted a substantial
improvement in our profile in the field of innovation. The investments we have
made in propositions in the fields of Mobile, Security, Cloud, Big Data, Social
Media, Smart Sourcing and Unified Communications are resulting in additional
client contracts. In the first half of 2012, the market also recognised our
innovative activities. Agrosense, our solution for the agriculture and
horticulture sector, won the ICT-Office Environmental Award and our ERP solution
for the food sector received Oracle's 2012 Accelerate Award.
Thanks to the introduction of regional sales, we are now closer to our clients
and in a better position to connect with our customers. In September we will be
opening new offices in Apeldoorn to boost our regional approach in that area.
The confidence in the organisation has increased, which has translated into an
increase in the employee engagement score to 6.2, significantly higher than the
5.7 we scored in 2011. This is an important step on the journey to the level of
employee engagement we want to achieve for Ordina."
OUTLOOK
The economic outlook and the developments in the markets in which Ordina
operates remain uncertain. This is true for both the Netherlands and Belgium.
This means it is difficult to predict revenue developments and thus profit. We
have therefore decided to refrain from giving an outlook for the upcoming
period.
######
ABOUT ORDINA
Ordina implements strategy and policy at the level of company processes and ICT
solutions. We devise, build and manage solutions for a sustainable digital
world, working from specialised divisions for consulting, solutions and ICT. We
operate in the Benelux, where we offer (reproducible) solutions and expertise
for the financial services, public sector and healthcare markets, as well as a
number of specific segments within the industrial sector. Ordina N.V. was
founded in 1973 and its shares are listed on NYSE Euronext Amsterdam, where it
is part of the Small Cap index. In 2011, Ordina booked more than EUR 424 million
in recurring revenues with over 3,000 employees.
More information:
Ordina
Media:
Sabine Steen-Lakerveld
Tel: +31(0)6 109 22 171
Sabine.Steen-Lakerveld(at)ordina.nl
www.ordina.com
Investor Relations:
Pieter Schaffels
Tel: +31(0)6 132 85 033
Pieter.Schaffels(at)ordina.nl
www.ordina.com
Interim Report Ordina N.V. H1 2012:
http://hugin.info/130778/R/1636569/525933.pdf
28-8-2012 Press Release: Interim Report Ordina NV: Steady Margin:
http://hugin.info/130778/R/1636569/525932.pdf
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ordina via Thomson Reuters ONE
[HUG#1636569]
Unternehmensinformation / Kurzprofil:
Datum: 28.08.2012 - 07:30 Uhr
Sprache: Deutsch
News-ID 177958
Anzahl Zeichen: 5020
contact information:
Town:
Nieuwegein
Kategorie:
Business News
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