Turnover decline public sector puts pressure on results; cost-saving programme delivers more than expected
2015年8月20日 - 2:30PM
Nieuwegein, 20 August 2015
HIGHLIGHTS H1
2015
- Recurring EBITDA falls to EUR 3.3 million (H1
2014: EUR 8.3 million);
- Recurring EBITDA margin drops to 1.9% (H1 2014:
4.5%);
- Turnover declines 6.8% to EUR 172.7 million (H1
2014: EUR 185.2);
- Turnover the Netherlands down by 9.1%, largely
within the public sector
- Turnover Belgium/Luxembourg up by 3.2%
- Net result falls to loss of EUR 3.9 million (H1
2014: profit of EUR 0.1 million);
- Cost-saving programme raised from EUR 6.0 million
to around EUR 0.8 million per annum
- Employee engagement stable at 6.5 (2014:
6.4).
HIGHLIGHTS Q2
2015
- Recurring EBITDA falls to negative EUR 0.8
million (Q2 2014: EUR 3.6 million);
- Recurring EBITDA margin drops to minus 1.0% (Q2
2014: 3.9%);
- Effect of two fewer working days around EUR 1.6
million
- Turnover declines 8.2% to EUR 84.2 million (Q2
2014: EUR 91.7 million);
- Company successfully completes re-financing;
- Net debt position improves to EUR 6.1 million
(end-Q2 2014: EUR 8.0 million).
STÉPAN BREEDVELD, ORDINA
CEO, ON THE RESULTS
"The decline in turnover was considerable and put pressure on the
results, in particular in the Public sector and industry segments
in the Netherlands. In Belgium/Luxembourg, Ordina delivered a good
performance, both in terms of growth in turnover and
profitability.
The media reports and discussions regarding public sector IT
projects led to a slowdown in decision-making related to IT
investments in the Netherlands. The public sector's goal is to make
processes and services more efficient and intensify communications
with private citizens. Digitisation plays a key role in this. We
therefore expect demand in the public sector to increase again in
the future.
A number of energy and telecom clients in the
Industry segment are cutting costs, which is having an impact on
the hiring of IT staff. Growth among logistics clients in this
segment was not enough to fully compensate for this
decline.
The previously announced cost-saving programme aimed at bolstering
Ordina's results has been adjusted to around EUR 0.8 million per
annum. We are taking measures to reduce both direct and indirect
costs and to improve processes.
The IT market is caught in the tail-end of the
crisis and is showing no signs of a broad recovery in the
Netherlands. Due to the constantly changing market conditions, we
are making accelerated adjustments to our range of competencies, in
order to maintain our focus and enable us to respond effectively to
client demands. In the coming period, we will adapt our strategy
where necessary and identify new growth opportunities. We will also
continue to invest in our innovation programme, (re-)training and
our Young Professionals programme."
OUTLOOK
We decline to give a outlook for the coming period.
Turnover decline public sector puts
pressure on 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
HUG#1946592
Ordina NV (EU:ORDI)
過去 株価チャート
から 4 2024 まで 5 2024
Ordina NV (EU:ORDI)
過去 株価チャート
から 5 2023 まで 5 2024
Real-Time news about Ordina NV (ユーロネクスト): 0 recent articles
その他のOrdinaニュース記事