Ordina announces cost-savings programme
June 26 2015 - 1:30AM
Nieuwegein, 26 June 2015
Ordina today announces a cost-savings programme
that will result in annual structural savings of around EUR 6
million. These measures are necessary to keep the results at the
Dutch activities at an acceptable level, given that turnover from
the public sector is under pressure. The savings programme will
target both external and internal costs and process improvements.
Ordina's activities in Belgium and Luxembourg are performing well
and are outside the scope of the savings programme.
The media reports and discussions about IT
projects in the public sector have resulted in delays in the
decision making on IT investments in the Netherlands. This has put
pressure on Ordina's turnover from the public sector. The public
sector market is important to Ordina and is in a major state of
flux. This has resulted in a change in demand for IT services.
Stépan Breedveld, CEO Ordina:
"It is important for us to intervene now and by doing so bolster
our results. Ordina is also in a process of transition, as we want
to adapt continuously to changing market conditions. Technological
developments and new forms of cooperation require constant
adaptation of working processes and the know-how Ordina has
available. To remain up-to-date, we are accelerating changes to
some competencies in line with new market demands. We regret that a
number of our employees will be affected by the changes. We will,
however, continue to invest in new areas of expertise to secure a
healthy future for our company. In this context, we will continue
our retraining and Young Professionals programmes."
We will provide further information on the plans
announced today during the presentation of our interim results.
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ABOUT
ORDINA
Ordina is the largest independent IT services provider in the
Benelux, with more than 2,900 employees. We design, build and
maintain IT solutions for organisations in the public sector, in
financial services, industry and the healthcare sector. We aim to
design IT solutions that help people, IT that matters and that is
produced without wasting precious resources. We do this by forging
Partnerships in Sustainable Innovation with our clients.
Ordina was founded in 1973. The company's shares
have been listed on the NYSE Euronext Amsterdam since 1987 and are
included in the Small Cap Index (AScX). In 2014, Ordina recorded
turnover of EUR 367 million. For more information visit the
company's website at www.ordina.com.
For more
information:
Media:
Jeroen Hellenberg, Communications
Mail: jeroen.hellenberg@ordina.nl
Telephone: +31 (0)30 663 8557
Ordina announces cost-savings
programme
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Source: Ordina via Globenewswire
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