RealDolmen The Independent Single Source ICT Solutions Provider and Knowledge Company Announces Turnover for the Nine Months Ended 31 December 2008 Showing Continued Growth in All Segments
Posted on: Thursday, 19 February 2009, 16:50 CST
BRUSSELS, February 19 /PRNewswire/ -- Q3 trading updates (For the nine month period from 1 April 2008 to 31 December 2008) Highlights - Continued revenue growth in Q3 (+2,1%) - Integration of acquisition continues in line with expectations, with synergies and benefits of a cost optimization program expected to come through in the next fiscal year - Convertible Bond buy backs in October and December improve net debt position by EUR10,6m and result in exceptional financial profit of EUR9,8m - Strong cash balance at the quarter end - Share consolidation approved: 100 existing shares into one bundled share
"It was pleasing to see continued progress in the third quarter despite a tougher economic environment. We saw revenue growth in each of the three divisions, and we won new customers. The integration continues to progress well, with benefits still expected to come through in the next financial year, and beyond. Cash balances remain robust and we have taken steps to improve our debt position.
"As expected, our customer base has started to feel the effects of the
economic downturn in H2 and so we expect the lower level of growth seen in Q2
and Q3 to continue into a weaker Q4 compared to last year. However, we are
still confident that our strong market position, good spread of customers
across a number of sectors and strengthened product offering will enable us
to generate a small level of growth in revenue generation and maintain REBIT
margins for our fiscal year ending in
About RealDolmen
RealDolmen is an independent single source ICT solutions provider and
knowledge company with over 1900 highly skilled IT professionals and more
than 1000 customers in the Benelux and
SOURCE RealDolmen
Source: PR Newswire
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