- Revenue increased more than 12%
- Lower operating profit before financing result (EBIT) due to loss for IAI
The Management Board of DOCDATA N.V. (Waalwijk, The Netherlands) announces the following interim notice.
General
DOCDATA N.V. has closed the first quarter 2015 with a profit. Revenue in the first quarter 2015 increased with more than 12% compared to last year. This increase is fully realised autonomously. IAI delivered almost no document security system in the first quarter of 2015, same as last year's first quarter. The operational profit of the Group in the first quarter 2015 was substantially lower than previous year as the operating result of IAI was considerably lower while the operating profit of Docdata remained approximately at the same level.
Michiel Alting von Geusau, CEO of DOCDATA N.V.: "The first quarter in 2015 shows two different sides; on the one hand there is a strong growth of our services to e-commerce clients of Docdata, on the other hand the sales for IAI are much too low. This is also expected to be the trend for the whole year."
The financial position of DOCDATA N.V. has remained solid during the first quarter 2015 with a strong solvency and a limited net debt. Per 31 March 2015, the net debt amounted to € 1.1 million (31 December 2014: € 5.2 million net cash surplus) and the solvency ratio was 50% (31 December 2014: 45%). The net debt in the first quarter 2015 is a result of the use of cash to fund capital expenditure, the purchase of 70,000 own shares to cover the Performance Share Plan of DOCDATA N.V., as well as the finance of working capital for the Group.
DOCDATA N.V. will announce the 2015 half year results on Thursday 16 July 2015 before opening of the stock exchange.
Click the link below for the full press release.
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Waalwijk, The Netherlands, 22 April 2015
Further information: DOCDATA N.V., M.F.P.M. Alting von Geusau, CEO, Tel. +31 416 631 100
Corporate website: www.docdatanv.com
