Ordina N.V. reports results for first quarter 2016; Improved results
(Thomson Reuters ONE) -
Nieuwegein, 26 April 2016
Highlights Q1
* Recurring EBITDA rises to EUR 6.5 million (Q1 2015: EUR 4.1 million);
* Recurring EBITDA margin climbs to 7.3% (Q1 2015: 4.7%);
* Revenue up 1.5% at EUR 89.9 million (Q1 2015: EUR 88.5 million);
* Revenue the Netherlands declines 2.3% to EUR 68.1 million (Q1 2015: EUR
69.7 million);
* Revenue Belgium/Luxembourg climbs 15.6% to EUR 21.7 million (Q1 2015:
EUR 18.8 million);
* Net debt position EUR 10.9 million (Q1 2015: EUR 7.0 million);
* Savings programme on track;
* Ordina Top Employer IT sector for fourth year in a row;
* Clockwork, Ordina's digital engagement bureau, once again nominated for the
Dutch Interactive Award.
Stépan Breedveld, CEO Ordina, on the results
"Ordina's results improved in the first quarter, on the back of slightly higher
revenue. The strong performances delivered by the Belgium/Luxembourg division
continued and the results of the Dutch division improved in the course of the
first quarter. Revenue in the financial services, industry and healthcare
sectors came in higher and the decline in revenue from the public sector
continued to level out in the period under review.
Ordina's tightened strategy, aimed at turning the decline in revenue into
profitable growth, starts to bear fruit. The savings programme aimed at cutting
costs by EUR 15 million a year is on schedule. We have now largely completed the
organisational changes.
Growth and innovation are major priorities in our innovation agenda. To
accelerate our innovation agenda, we have set an innovation cluster, which will
create optimal growth conditions for parts of the company with an innovative or
start-up character. Our efforts on the digital services front are also bearing
fruit. Our digital engagement bureau, Clockwork, has once again been nominated
for the Dutch Interactive Award.''
###
About Ordina
Ordina is the largest independent IT services provider in de Benelux, with more
than 2,800 employees. We devise, build and manage IT applications in the public
sector, financial services sector, in industry and in healthcare. Our goal is IT
that helps people. IT that matters and that has been developed without wasting
resources. We do this by working with our clients in partnerships for
sustainable innovation.
Ordina was founded in 1973. The company's shares have been listed on NYSE
Euronext Amsterdam since 1987 and are included in the Small Cap Index (AScX). In
2015, Ordina recorded revenues of EUR 348 million. You will find additional
information on our corporate website: www.ordina.com.
Additional information
For more information on this press release:
Annemieke den Otter, Investor Relations
Mail: annemieke.den.otter(at)ordina.nl
Telephone: +31 (0)30 663 7468
Jeroen Hellenberg, Communications
Mail: jeroen.hellenberg(at)ordina.nl
Telephone: +31 (0)30 663 8557
Jolanda Poots-Bijl, CFO
Mail: jolanda.poots(at)ordina.nl
Telephone: +31 (0)30 663 8906
Stépan Breedveld, CEO
Mail: stepan.breedveld(at)ordina.nl
Telephone: +31 (0)30 663 7111
This document contains forward looking statements regarding the financial
performance of Ordina N.V. and outlines certain plans, targets and ambitions
based on current insights. Such forecasts are obviously not without risk and
entail a certain degree of uncertainty since there are no guarantees regarding
future circumstances. There are multiple factors that could potentially result
in the actual results and outcomes differing from those outlined in this
document. Such factors include: general economic trends, the pace of
globalisation of the markets for solutions, IT and consulting, increased
performance commitments, scarcity on the labour market, and future acquisitions
and disposals.
Ordina N.V. reports results for first quarter 2016; Improved results:
http://hugin.info/130778/R/2006629/741472.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(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 GlobeNewswire
[HUG#2006629]
Unternehmensinformation / Kurzprofil:
Datum: 26.04.2016 - 07:30 Uhr
Sprache: Deutsch
News-ID 466300
Anzahl Zeichen: 4942
contact information:
Town:
Nieuwegein
Kategorie:
Business News
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