0
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.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: IT
Companies: Ordina
Countries: Benelux
::: add a comment
This article is part of dossier

Coronavirus


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Ordina: goed Q3 achter de rug, stijging EBITDA en nettowinst

Published 29 Oct 2020 10:43 CET | Benelux
IT-aanbieder Ordina, actief in de Benelux,  heeft naar eigen zeggen een jaar tot nu toe achter de rug, terwijl de strategie voor ...

Ordina keeps revenues stable in H1

Published 30 Jul 2020 17:32 CET | Benelux
ICT provider Ordina saidit performed well in the first half of the year and in the second quarter, with a limited impact from the ...

Ordina grows Q1 revenues 1.8%, withdraws 2019 dividend proposal

Published 23 Apr 2020 09:52 CET | Benelux
ICT provider Ordina reported a strong first quarter but will nonetheless withdraw its dividend proposal for 2019 amid the ...

Ordina revenues rise 4% in 2019, but only 1% for Q4

Published 13 Feb 2020 16:54 CET | Benelux
The Netherlands continued to contribute the most to revenues with growth slowed, up 0.9 percent to EUR 258 ​​million. Revenue ...

Ordina grows Q3 revenues 5.6% to EUR 91 mln

Published 01 Nov 2019 09:45 CET | Benelux
Dutch ICT services provider Ordina reported revenue up 5.6 percent to EUR 91.3 million in Q3. The BeLux region led growth, with a ...





Calendar   /   Industry Events

24 Nov SD-WAN & SASE Summit
25 Nov Partner Communications Q3 2020
26 Nov Telekom Malaysia Q3 2020
26 Nov Axiata Q3 2020
26 Nov Megafon Q3 2020
30 Nov Zoom Video Communications Q3 2020
30 Nov NexTV Series MENA
01 Dec Hewlett Packard Enterprise fiscal Q4
01 Dec NGON & DCI World
02 Dec FTTH Conference
02 Dec Microsoft AGM
02 Dec Telia EGM
::: More Calendar Items