Benelux integrator Ordina's results for first quarter 2014 Ordina show improved profit on stable turnover, with recurring EBITDA margin higher at 5.1% (Q1 2013: 2.6%).
Turnover is stable at €93.6m (Q1 2013: €93.9 million); Stépan Breedveld (pictured), CEO Ordina, on the Q1 results: "We improved our profit substantially on stable turnover. The recurring EBITDA rose to €4.8m in the first quarter, compared with €2.5m in the same period last year. This improvement was mainly driven by the cost-saving programme it completed last year. Turnover remained stable thanks to higher turnover in the financial services sector, healthcare and industry, which offset the lower turnover in the public sector."
"The implementation of our new mission 'Partnerships in Sustainable Innovation' is in full swing. At a number of clients we have already kicked off highly focused innovation programmes that will result in new IT applications. For instance, the Google Glass Contest that we recently organised resulted in an innovative idea for the healthcare sector. Using an app designed for Google Glass, healthcare providers will soon be able to consult patient data and scan in the medicines administered for administrative processing. This is a perfect example of IT really working for people."
It cannot give a forecast for the coming period, it says.