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IT

Ordina lifts profit despite lower revenues in Q3

Thursday 29 October 2020 | 14:38 CET | News
ICT provider Ordina reported higher profit figures despite lower revenues in the third quarter. Revenues slipped 3.3 percent lower year-on-year to EUR 88.3 million but the EBITDA lifted to EUR 11.3 million, with a margin increasing to 12.8 percent form 10.9 percent. The net profit climbed to EUR 5.0 million form 4.1 million. The company ended the quarter with a cash position rising to EUR 40.28 million from 10.85 million the year earlier. Free cash flow for the first nine months also lifted, to EUR 37.78 million from 19.97 million year-on-year.

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Categories: IT
Companies: Ordina
Countries: Benelux
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