Ordina announces cost-savings programme
(Thomson Reuters ONE) -
Nieuwegein, 26 June 2015
Ordina today announces a cost-savings programme that will result in annual
structural savings of around EUR 6 million. These measures are necessary to keep
the results at the Dutch activities at an acceptable level, given that turnover
from the public sector is under pressure. The savings programme will target both
external and internal costs and process improvements. Ordina's activities in
Belgium and Luxembourg are performing well and are outside the scope of the
savings programme.
The media reports and discussions about IT projects in the public sector have
resulted in delays in the decision making on IT investments in the Netherlands.
This has put pressure on Ordina's turnover from the public sector. The public
sector market is important to Ordina and is in a major state of flux. This has
resulted in a change in demand for IT services.
Stépan Breedveld, CEO Ordina:
"It is important for us to intervene now and by doing so bolster our results.
Ordina is also in a process of transition, as we want to adapt continuously to
changing market conditions. Technological developments and new forms of
cooperation require constant adaptation of working processes and the know-how
Ordina has available. To remain up-to-date, we are accelerating changes to some
competencies in line with new market demands. We regret that a number of our
employees will be affected by the changes. We will, however, continue to invest
in new areas of expertise to secure a healthy future for our company. In this
context, we will continue our retraining and Young Professionals programmes."
We will provide further information on the plans announced today during the
presentation of our interim results.
# # #
ABOUT ORDINA
Ordina is the largest independent IT services provider in the Benelux, with more
than 2,900 employees. We design, build and maintain IT solutions for
organisations in the public sector, in financial services, industry and the
healthcare sector. We aim to design IT solutions that help people, IT that
matters and that is produced without wasting precious resources. We do this by
forging Partnerships in Sustainable Innovation with our clients.
Ordina was founded in 1973. The company's shares have been listed on the NYSE
Euronext Amsterdam since 1987 and are included in the Small Cap Index (AScX). In
2014, Ordina recorded turnover of EUR 367 million. For more information visit
the company's website at www.ordina.com.
For more information:
Media:
Jeroen Hellenberg, Communications
Mail: jeroen.hellenberg(at)ordina.nl
Telephone: +31 (0)30 663 8557
Ordina announces cost-savings programme:
http://hugin.info/130778/R/1931651/694680.pdf
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Source: Ordina via GlobeNewswire
[HUG#1931651]
Unternehmensinformation / Kurzprofil:
Datum: 26.06.2015 - 07:30 Uhr
Sprache: Deutsch
News-ID 403211
Anzahl Zeichen: 3589
contact information:
Town:
Nieuwegein
Kategorie:
Business News
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