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Ordina N.V. publishes results third quarter 2022

Strong growth in number of employees in third quarter 2022

Nieuwegein, 3 November 2022 – Ordina N.V. (Ordina), digital business partner in the Benelux, presents the results for the third quarter of 2022.

Highlights YTD 2022

  • Revenue rises by 9.9% to EUR 319.2 million (YTD 2021: EUR 290.5 million);
  • EBITDA increases to EUR 38.8 million (YTD 2021: EUR 35.7 million);
  • EBITDA margin virtually unchanged at 12.2% (YTD 2021: 12.3%);
  • Net profit rises to EUR 18.3 million (YTD 2021: EUR 17.0 million);
  • Net cash position stands at EUR 29.8 million at end-Q3 (end-Q3 2021: EUR 35.3 million).

Highlights Q3 2022

  • Revenues rises by 8.8% to EUR 103.1 million (Q3 2021: EUR 94.8 million);
  • EBITDA comes in at EUR 10.6 million (Q3 2021: EUR 11.3 million);
  • EBITDA margin declines to 10.3% (Q3 2021: 11.9%);
  • Net profit comes in at EUR 4.3 million (Q3 2021: EUR 5.2 million);
  • Net growth in number of direct employees of 106 FTEs.

Jo Maes, Ordina Group CEO, on the results

“Ordina can look back on a good third quarter, with growth continuing once again. The solid performance we have seen in a number of consecutive quarters demonstrates the relevance of our strategy to help clients to accelerate their digital transformation. There is a structural demand in the market for digital transformation, which will remain a priority for our clients in the coming years.

As a digital business partner, we advise and support our customers, providing solutions for their strategic digital challenges. We also capitalize on significant market themes, such as combatting financial-economic crime and realising integrated supply chain solutions.

In the third quarter, we invested heavily in recruiting new employees. As a result, we were able to hire a large number of new employees, despite the tight labor market. Ordina is an attractive employer, as employees can experience that their role at our client projects have a social impact.

Although market conditions are challenging, we are convinced that Ordina is well positioned to maintain our growth and financial performance in the coming period. Thanks to our way of working in high performance teams and the technological know-how and expertise of our employees, we create the digital business solutions of the future together with our clients.”

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