"Data Respons continues the development towards becoming a more international company and 70 % of revenues are now generated outside of Norway. Sweden starts the year with strong growth and a record high order intake", says Kenneth Ragnvaldsen, CEO of Data Respons ASA.
A challenging market i Norway due to market conditions in Oil & Gas and Maritime sectors has been offset by strong growth internationally. This has in turn impacted the overall profitability (EBIT margin) given the relatively higher costs in the growing markets, which will continue in the next couple of quarters. The margin will increase going forward due to cost efficency focus in Norway and a higher margins internationally due to economies of scale. Data Respons is well positioned to take advantage of the high growth within digitalisation and IoT.
http://www.datarespons.com/investors/stock-exchange-notices/pr/2003408/
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