ORDINA N.V. RESULTS FULL YEAR 2014 Ordina closes turbulent year with a profit
19 2월 2015 - 3:30PM
Nieuwegein, 19 February 2015
Highlights FY
2014
- Recurring EBITDA rises to EUR 18.0 million (2013:
EUR 16.3 million);
- Recurring EBITDA margin up at 4.9% (2013:
4.3%);
- Revenue declines by 2.7% to EUR 366.9 million
(2013: EUR 377.0 million);
- Costs internal investigation in 2014 EUR 1.7
million;
- Net profit EUR 1.0 million (2013: recurring net
loss of EUR 0.4 million).
Highlights Q4
2014
- Recurring EBITDA drops to EUR 4.4 million (Q4
2013: EUR 8.4 million);
- Recurring EBITDA margin drops to 4.7% (Q4 2013:
8.5%);
- Revenue down 5.7% at EUR 93.5 million (Q4 2013:
EUR 99.2 million);
- From net debt to net cash position of EUR 9.6
million (Q4 2013: net debt of EUR 2.2 million);
- Great deal of attention devoted to internal
investigation into integrity at Ordina;
- Ordina wins Computable Award best IT services
provider 2014.
Stépan Breedveld, CEO
Ordina, on the results
"Last year was a year with two distinct sides for Ordina. Despite a
turbulent and disappointing fourth quarter, Ordina ended 2014 in a
stronger financial position compared to a year earlier. Our
profitability continued to increase and we closed 2014 with a net
profit. We also successfully turned our net debt position into a
net cash position, which makes the company more financially robust
for the future. However, despite our efforts revenues continued to
decline due to a drop-off in the number of large-scale projects and
lower demand from our clients in the telecom and energy sectors,
which has an impact on the results.
In the past few months, much of our management attention has been
devoted to our internal investigation conducted by De Brauw
Blackstone Westbroek. This investigation followed questions from
television programme Zembla about potential irregularities in
tender procedures in the period 2004-2010. Ordina published the
main results of the investigation on 27 January 2015. The
investigation revealed one case with clear indications of potential
irregularities. The investigation did not reveal any indications of
structural irregularities. Ordina's Management Board, we are
committed to ensuring that Ordina is a company with integrity and
we condemn any form of inappropriate behaviour. We will evaluate
any signs of potential irregularities and take measures if we deem
them necessary. In addition, we tightened our compliance and
started an intensive integrity programme.
In the past year, we assisted numerous clients in their efforts to
get a grip on new technological developments. We are proud to be
helping companies such as the Rotterdam port company to respond to
technological advances and help make those developments relevant
and applicable in the context of their own business goals. Clients
appreciate the fact that we are a local player and thus close to
the market and that we are familiar with any relevant regulations
and the specific situation of our clients. The path we have chosen
is gaining increasing recognition.
In the coming period, we will continue to work with our employees
on regaining the trust in our company. Against this background, in
2015 we will continue to do our utmost to achieve our goal of
working with our clients to forge partnerships in sustainable
innovation."
Outlook
We decline to give a forecast for the coming period.
###
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.
ADDITIONAL INFORMATION
For detailed information including the consolidated financial
statements and notes to the financial statements, we refer to our
website www.ordina.com for our annual report 2014.
For more information about this press
release, please contact:
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
Key financial dates
19 February 2015 Publication full-year results
2014
30 April 2015
Trading update
30 April 2015
General Meeting of Shareholders
20 August 2015 Publication
Interim results 2015
3 November 2015 Trading update
18 February 2016 Publication full-year results
2015
Press call and analyst
presentation
09:00 am CET - Press call
Ordina will be presenting its results today at 9 am CET during the
press call (call number: +31 20 531 5870).
10:30 am CET - Analyst presentation
Ordina will be presenting its results today at 10:30 am CET at the
analyst presentation in Amsterdam. You can view this presentation
via a webcast. You can follow the webcast via the link you will
find on our website www.ordina.com. The presentation will be
available on our website after the webcast.
This document contains
pronouncements forecasting the future financial performance of
Ordina N.V. and outlines certain plans, targets and ambitions based
on current insights. Obviously, such forecasts
are not without risk; they entail a relative degree of uncertainty
since no guarantees exist on future circumstances. There are many
factors that could potentially affect the actual performance and
forecasts, causing them to deviate from the situation described in
this document. Such factors include: general economic trends, the
pace of the globalisation of the solutions, IT and consulting
markets, the growing number of projects with responsibility for
deliverables, scarcity on the labour market, and future
acquisitions and disposals.
In case of any discrepancies, the
Dutch version prevails
Ordina N.V. results full year
2014
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#1895614
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