HUIZINGEN, Belgium, May 29 /PRNewswire/ -- RealDolmen, the independent single source ICT solutions provider and knowledge company, announces results for the fiscal year ended 31 March 2009, showing good growth across all metrics.
Highlights of the year - Turnover up 5,6% - Operational result before nonrecurring items (REBIT) up 7,0 %, with REBIT margins up to 6,0%, despite incurred integration costs - Strong cash position with EUR19,3m of operational cash flow - Integration almost completed and additional cost improvement plans taking effect - Net debt position reduced by EUR15,3m as a result of buy back convertible bond and strong operational cash flows
Full year results March 2009
full tables : http://www.realdolmen.com/newslist.aspx
Bruno Segers, Chief Executive Officer of RealDolmen, commented:
We are pleased and proud with the results of this first year as RealDolmen. After a very strong start with solid growth across all metrics in the first half we performed relatively well in a declining market in the second half. As expected, our strong market position, good spread of customers across a number of sectors and strengthened product offering have enabled us to generate a small level of growth in revenue and maintain REBIT margins for the full year, despite a significant downturn in the market in H2.
We expect the trading levels of Q4 to continue into the next two quarters of the current financial year, resulting in a reduction in revenues year on year although we feel confident that we can keep the impact on our margins limited as we continue to manage our cost base tightly. With the integration almost completed, and a strong balance sheet with good cash flows, we now have a RealDolmen framework in place to support organic growth and selective acquisitions, allowing us to strengthen our solutions portfolio and/or to broaden our regional coverage over the next 12 months.
Enquiries: RealDolmen Tel: +32-3-290-23-13, Bruno Segers, CEO