Dutch integrator Ordina's first half results showed continuing improvement. Revenue was 4.5% higher at €186.9m with the Netherlands up 1.1% to €129.7m while Belgium/Luxembourg sales were up 13.0% at €57.1m. Net profit is higher at €6.0m.
Jo Maes, CEO Ordina, about the results: “We once again recorded growth in the first half of the year. Our Belgium/Luxembourg business recorded excellent growth of 13%. The rate of growth in the Netherlands was lower, but we also saw continued growth in profitability. Our revenue from projects and from teams of our own Ordina professionals is growing. These multidisciplinary teams enable us to offer our clients continuity and the acceleration of their digital transformation. Our five business propositions continue to be a success with our clients. In the public sector, we are seeing growth in the number of High performance teams and contracts in the field of Intelligent data-driven organisations and Digital acceleration. In the financial sector, we are booking growth with High performance teams and Business platforms. In the healthcare sector, we are very pleased with the growth in Belgium/Luxembourg and in particular in Wallonia. We saw a slight decline in revenue in the industry sector. However, we did record an increase in revenue in this sector from our propositions Intelligent data-driven organisations and Security & Privacy."
With net profit of €6.0m and a net cash position of €6.5m, Ordina was in a healthy financial position at the end of the first half of the year, he said "Our main priorities for the second half of the year are to continue with the execution of our added value strategy at our clients, and a further improvement in returns. We will focus on growth with our five business propositions and growth with our own professionals.”
