Ordina N.V. reports results for first quarter 2016; Improved results
26 Aprile 2016 - 7:30AM
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@ordina.nl
Telephone: +31 (0)30 663 7468
Jeroen Hellenberg, Communications
Mail: jeroen.hellenberg@ordina.nl
Telephone: +31 (0)30 663 8557
Jolanda Poots-Bijl, CFO
Mail: jolanda.poots@ordina.nl
Telephone: +31 (0)30 663 8906
Stépan Breedveld, CEO
Mail: stepan.breedveld@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
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Ordina via Globenewswire
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