DGAP-News: ARMADA OAO ramps up revenue 16% in H1 2012
(firmenpresse) - EquityStory.RS, LLC-News: ARMADA OAO / Key word(s): Half Year Results
ARMADA OAO ramps up revenue 16% in H1 2012
28.09.2012 / 17:37
---------------------------------------------------------------------
HIGHLIGHTS:
- ARMADA's revenue climbed 16% year-on-year in the first six months of
2012.
- Headcount remained almost unchanged from January 1.
- The company has no long-term debt.
- Management expects full-year revenue to increase 20%-25% while EBITDA
margin is expected to remain at the level of 2011 (when it was equal to
12.2%).
Moscow, September 28, 2012 - ARMADA Group (MICEX-RTS: ARMD) hereby
announces preliminary financial results for the first six months of 2012
(the period from January 1 through June 30, 2012).«The results of the first six months are in line with our expectations.
Historically, the group generates more than two thirds of revenue in the
second half of the year. We expect ARMADA's revenue to rise 20%-25% as of
the year-end and EBITDA margin to remain on the high level achieved in
2011»said Alexey Kuzovkin, chairman of ARMADA's board of directors.
Revenue*, RUB mln H1 2012 H1 2011 Change* Based on IFRS management report from January 1 through June 30 of each
Software development and implementation 434 465 -7%
IT services 1,197 939 27%
Total 1,631 1,404 16%
year
REVENUE
ARMADA boosted its revenue 16% up to RUB 1.63bn in January-June 2012
compared to the same period of 2011. Of the total amount, revenue from
software development and implementation reached RUB 434m, down from RUB
465m in the same period of 2011. Revenue from IT services climbed to RUB
1.197bn, up from RUB 939m in H1 2011.
Revenue in the first half of the year usually accounts for between 25% and
30% of full-year revenue due to the seasonal factor in contracts with
Russian ministries, government agencies and state-owned companies. ARMADA
expects the current proportion of orders from private and public customers
to remain unchanged in 2012.
BUSINESS SEGMENTS
ARMADA's software development and implementation segment includes custom
software development, revenues from the sale of licenses for the company's
own and third party software, implementation and maintenance of software.
IT services comprise system integration, IT outsourcing, training and
project management.
This year, ARMADA won a tender to develop a software«Automated system for
open foreign exchange position management»for Sberbank, created the first
stage of a single Internet portal aimed at promoting Russia's cultural
heritage and traditions for the Culture Ministry, commissioned the Unified
Interdepartmental Statistical Information System (UniSIS) for the Federal
State Statistics Service, developed a Unified Motor Vehicle Safety
Inspection Information System for the State Traffic Safety Inspectorate of
Russia's Interior Ministry, and rolled out a system of inter-agency
collaboration among Moscow government agencies.
ARMADA was also awarded in 2012 contracts to deploy MEDIALOG medical
information system in a number of regions, as part of the healthcare
modernization program, completed a project to create a single data base of
Russia's blood service, as part of state voluntary blood donation program,
implemented a project to automate the Endocrinology Scientific Center (ESC)
of the Russian Healthcare and Social Development Ministry, and carried out
other projects.
RATINGS AND AWARDS
ARMADA was ranked among the top five software developers in Russia in 2011
by Russian rating agency Expert RA. Moreover, ARMADA is the only company
among the five leading software developers, which is also included in the
ranking of system integrators, in which it was assigned 24th position.
ARMADA has carried out a project enabling the State Traffic Safety
Inspectorate of the Russian Interior Ministry to provide online
registration of vehicles. This project was declared the winner at the
annual competition entitled«Top 10 IT Projects for the Public Sector
2012».
ARMADA received a Certificate of Gratitude from the Russian president for
the company's work in creating information systems for government agencies.
STAFF
The group's headcount remained nearly unchanged from the end of 2011 and
stood at 900 employees as of June 30, 2012 compared to 897 as of December
31, 2011. The number of employees was 819 as of June 30, 2011.
CORPORATE MANAGEMENT
Konstantin Nadenenko, a representative of Leader CJSC, which is the trust
manager of significant minority stake of ARMADA's shares, was elected as an
independent director of the company's board of directors at the annual
general meeting of shareholders (AGM) held on June 28.
OUTLOOK FOR 2012
ARMADA's management team in 2012 will endeavor to achieve growth of the
company's revenue at the rate of 20%-25% and maintain the EBITDA margin at
the level of 2011 (when it was equal to 12.2%).
ABOUT ARMADA
ARMADA (MICEX-RTS: ARMD) is an innovating Russian IT company with product
lines in Software and IT services. For over 15 years we have helped public
and commercial organizations deliver better service in Russia. More than
300 federal and regional government bodies, as well as over 1,500
corporates, including 70 companies on the top 100 list of Russian companies
are ARMADA's customers. Website: www.armadaitgroup.com
Contacts:
Dmitry Chursin
Head of Investor Relations at ARMADA OAO
Tel: +7 (495) 797-6020
E-mail: IR(at)armd.ru
Website: www.armadaitgroup.com
DISCLAIMER
Certain statements contained herein may constitute forecasts or other
'forward-looking statements' regarding planned events or ARMADA's future
performance. Such forward-looking statements are signaled through the use
of such markers as 'expected,' 'assumed,' 'according to forecasts,'
'estimated,' 'intention,' 'will be,' 'could be,' 'may,' or 'likely,'
whether in positive or negative form, as well as other similar expressions.
There is a whole number of factors that can cause a material difference
between the forecasts and forward-looking statements, and the actual
results. The company does not plan or undertake publicly to revisit such
forward-looking statements in order to bring them up to date with the
events or circumstances that occurred after the publication hereof or to
take into account unpredictable events.
End of Corporate News
---------------------------------------------------------------------
28.09.2012 Dissemination of a Corporate News, transmitted by
EquityStory.RS, LLC - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
EquityStory.RS, LLC's Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: ARMADA OAO
5th Donskoy proezd, 15, b.6
119334 Moscow
Russia
Phone: +7 (495)797 6020
Fax: +7 (495)797 6021
E-mail: IR(at)armd.ru
Internet: www.armadaitgroup.com
End of News EquityStory.RS, LLC News-Service
---------------------------------------------------------------------
18704128.09.2012
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 28.09.2012 - 17:37 Uhr
Sprache: Deutsch
News-ID 187837
Anzahl Zeichen: 10738
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 201 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: ARMADA OAO ramps up revenue 16% in H1 2012"
steht unter der journalistisch-redaktionellen Verantwortung von
ARMADA OAO (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
