Share increase YTD: 25%
Current market valuation: €178.11m
Valuation at start of year: €144.60m
Dutch systems integrator Ordina had a terrible year on the stock market in 2017. Its share price plummeted by 27 per cent to €1.56 as the firm posted consecutive quarters of revenue declines, while profits shrivelled by four per cent to €14.5m in 2017.
But the Nieuwegein-based firm has turned its fortunes around this year. EBITDA grew by 40 per cent in its first three months of the year while revenues saw a four per cent increase to €91.3m.
"Both revenue and returns came in higher in the first quarter. Belgium/Luxembourg made a strong start to the year. In the Netherlands, we saw revenue increase slightly and returns were boosted by lower costs," - Jo Maes, CEO, Ordina
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