The European resellers inspiring investor confidence

Josh Budd
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The European resellers inspiring investor confidence

It's not just UK-listed resellers that are enjoying a solid 2018 on the stock market, with European counterparts such as Cancom and Crayon also climbing

5) Ordina

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.

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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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