Strong growth for Data Respons in 2016: Operating revenue up 8% (1 039.6 NOKm) and EBITDA up 27% (74.4 NOKm). A strong cash conversion led to a net operating cash flow of 79.4 NOKm.
The strong growth is led by a good inflow of new assignments, especially within the R&D services segment (up 37% compared to last year). The order backlog at the end of 2016 is strong with a growth y-o-y of 13% (781 NOKm)
“The combination of top talent employees, high end customer projects and selected acquisitions has given Data Respons a solid platform for further growth. Data Respons’ position as a high quality provider of embeded IoT solutions and R&D services has been verified through the growth in demand. The world is becoming more connected, automated and digitalized, and we are pleased to see that Data Respons is well positioned to meet even higher demand in the future”, says Narve Reiten, deal partner at Reiten & Co.
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