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Ordina N.V. publishes results first quarter 2021

29 Apr 2021

Ordina N.V. (Ordina), an independent IT services provider in the Benelux, today presents its results for the first quarter of 2021.


Growth with High performance teams

Q1 2021 highlights

  • Revenue up by 4.2% at EUR 100.3 million (Q1 2020: EUR 96.3 million);

  • EBITDA increases to EUR 15.7 million (Q1 2020: EUR 12.1 million);

  • EBITDA margin 15.7% (Q1 2020: 12.6%);

  • Net profit rises to EUR 8.4 million (Q1 2020: EUR 5.8 million);

  • Net cash position at end-Q1 EUR 7 million (end-Q1 2020: EUR 23.7 million).

Upcoming event: Capital Markets Day on 22 June of this year.

Jo Maes, CEO Ordina, on the results

“Ordina delivered another strong performance in the past quarter. Our revenue increased by 4.2% and our net profit increased to EUR 8.4 million. We realised the bulk of this revenue growth in the public sector, where as a local player we are responding proactively to a rapidly digitalising public sector. The pharmaceutical industry and utilities sector also remain strong growth sectors in our industry segment. And we managed to resume growth in the financial sector, following the decline in revenue we noted last year. This puts our growth agenda on track. To further accelerate our market leadership in our selected niche segments, we are focusing on a combination of organic growth and acquisitions.

Our clients see us more and more as a strategic business transformation partner that helps them to realise digital acceleration. This is reflected in the growth of our High performance teams, 112 of which are currently active at our clients in the Netherlands, Belgium and Luxembourg. Our clients particularly appreciate our continuous improvement, the knowledge exchange and the results we achieve in this unique form of partnership.

Last but not least, I would once again like to thank our people for their hard work on behalf of our clients in this time of working from home. It is thanks to their flexibility, enthusiasm and creativity that we delivered this strong performance.”

Download press release:

Ordina Q1-2021

Download presentation Earnings update h1 2021:

Earnings update H1 2021