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Ordina sales are stable in Q2

IT services provider Ordina, which is strong in the Benelux public sector, says its Q2 key figures show limited crisis impact. In the first half overall, revenue remains stable at €188m (H1 2019: €186.9m); EBITDA increased to €22.9m (H1 2019: €17.1m).  Jo Maes, CEO Ordina, about the results: “Ordina had a strong first half of the year. Despite COVID-19 and the ensuing uncertainties, we succeeded in limiting the impact on our results. I am grateful to our clients and employees for their flexibility; working in cooperation with our clients, we managed to switch to working from home in a short space of time.  

Our strong performance is the result of a greater number of teams of our own professionals, more contracts based on our business propositions and more efficient operations. This puts us on track with the execution of our Ordina 2022 strategy: our revenue from business propositions increased to 37% in the first half of the year, compared to 32% in the first half of 2019. As a top services provider, we help our clients to develop, maintain and accelerate a digital edge. Making sure they are Ahead of change for the challenges of the future. We are obviously following COVID-19-related developments closely. We can see that some sectors have been more badly affected by the COVID-19 measures than others. This is why we put our dividend proposal and recruitment of IT professionals on hold in the first half. However, we are now planning to expand our recruitment efforts once again.  Our financial results, cash position and progress in the execution of our strategy put us in a strong position for the future. However, in view of the uncertain outlook, we believe caution remains necessary. In every step we take, we put the stability of our company, the care for our employees and the engagement with our clients first.”