2013-02-14 17:48:02 -
* Recurring EBITDA up 8.1% to EUR 17.6 million (2011: EUR 16.3 million);
* Recurring EBITDA margin rises to 4.4% (2011: 3.8%);
* Recurring revenue drops 5.6% to EUR 400.7 million (2011: EUR 424.3
* Turnaround from previous year's loss to profit of EUR 0.5 million in 2012
(2011: loss of EUR 15.8 million);
* Net debt position drops to EUR 9.8 million (end-2011: EUR 12.4 million), net
debt / adjusted EBITDA ratio 0.6 (2011: 0.8);
* Ordina strongest riser in 2012 Effectory's employer study, certified Top
* Contract with Rabobank for application design, development and
renewed for five years.
STÉPAN BREEDVELD, CEO ORDINA, ON THE RESULTS
"We have restored confidence in Ordina. I am proud to report that we managed to
get our results back in the black in 2012, despite the challenging market
conditions. While revenue was down, our net profit and EBITDA margin improved
considerably, plus we managed to book a positive cash flow, which in turn
reduced our net debt. This has translated into a growing workforce in the fourth
quarter, significantly higher employee engagement, the contracting of new
clients and an increase in the number of contracts from existing clients. We
succeeded in realising this turnaround by investing in our regional approach and
in innovation and by closely monitoring our cost base. We celebrate our
successes and actively involve our staff in the course we have chosen to take.
We took the first step in 2012, but we still have a road ahead of us to greater
profitability and growth."
The economic outlook and developments in Ordina's markets remain uncertain. This
is true in the Netherlands, and in Belgium / Luxembourg. This makes it difficult
to predict revenue development and therefore future profit. We will therefore
refrain from giving a forecast for the coming period.
# # #
Ordina implements strategy and policy at the level of company processes and ICT
solutions. We devise, build and manage solutions for a sustainable digital
world, working from specialised divisions for consulting, solutions and ICT. We
operate in the Benelux, where we offer (reproducible) solutions and expertise
for the financial services, public sector and healthcare markets, as well as a
number of specific segments within the industrial sector. Ordina N.V. was
founded in 1973 and its shares are listed on NYSE Euronext Amsterdam, where it
is part of the Small Cap index. In 2012, Ordina booked more than EUR 400 million
in recurring revenues with over 2,900 employees.
For more information:
Tel: +31(0)6 109 22 171
Tel: +31(0)6 132 85 033
14-2-2013 Annual Results Ordina NV - Ordina closes 2012 in profit:
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