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MarketScreener Homepage  >  Equities  >  Oslo Bors  >  Data Respons ASA    DAT   NO0003064107

DATA RESPONS ASA (DAT)
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Data Respons ASA: Contract of NOK 11 million

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12/07/2018 | 12:46pm CET
Data Respons has signed a contract of NOK 11 million with a Norwegian customer.

The contracts comprise R&D Services, software development and Smarter Solutions embedded in the customers' industrial products. The initial development services and prototype deliveries will be carried out in 2019 with potential to deliver these solutions later.

- We notice that there is an increasing product development activity among our customers and that companies get more technology-driven in their strategy. This contract involves development of an advanced communication solution with high security requirements that will be operating in rugged environments. Our multi- disciplinary engineering competence and industry know-how enables Data Respons to take on advanced development projects, says Kenneth Ragnvaldsen, CEO of Data Respons ASA.

- In Data Respons, we have a lifetime perspective on our relationships and work closely with our customers - from idea throughout the product lifecycle and into the next generation. This contract offers a great long-term opportunity to deliver products and services in many years ahead, says Kenneth Ragnvaldsen, CEO of Data Respons ASA.

For further information:
Kenneth Ragnvaldsen, CEO, Data Respons ASA, tel. +47 913 90 918.
Rune Wahl, CFO, Data Respons ASA, tel. + 47 950 36 046

About Data ResponsData Respons is a full-service, independent technology company and a leading player in the IoT, Industrial digitalisation and the embedded solutions market.
We provide R&D services and smarter solutions to OEM companies, system integrators and vertical product suppliers in a range of market segments such as Transport & Automotive, Industrial Automation, Telecom & Media, Space, Defence & Security, Medtech, Energy & Maritime, and Finance & Public Sector.

Data Respons ASA is listed on the Oslo Stock Exchange (Ticker: DAT), and is part of the information technology index. The company has offices in Norway, Sweden, Denmark, Germany and Taiwan. www.datarespons.com

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Data Respons ASA via GlobeNewswire

© InPublic, source European Press Releases

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Financials (NOK)
Sales 2018 1 480 M
EBIT 2018 120 M
Net income 2018 81,3 M
Debt 2018 196 M
Yield 2018 4,39%
P/E ratio 2018 15,94
P/E ratio 2019 12,32
EV / Sales 2018 1,03x
EV / Sales 2019 0,91x
Capitalization 1 330 M
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 2
Average target price 35,0  NOK
Spread / Average Target 54%
EPS Revisions
Managers
NameTitle
Kenneth Ragnvaldsen Chief Executive Officer
Erik Langaker Chairman
Jørn Erik Toppe Chief Operating Officer
Rune Wahl Chief Financial Officer
Ivar Andreas Melhuus Sehm Director-Nordic Research & Development
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