DPA Group NV reports solid Q3 results
• Sales EUR 16.7 million ( third quarter 2012: 16.9 million )
• Gross margin 24.7 percent ( third quarter 2012: 22.8 percent )
• EBITDA EUR 1.2 million ( third quarter 2012: 1.1 million )
• Net profit 0.2 million ( third quarter 2012 : same )
• Acquisitions Credit Force and Cauberg - Huygen Consulting Engineers
1. These figures have not been audited
2 . At the summations and calculations of percentages , small rounding differences
Eric Winter , CEO of DPA, said, "Despite the continued challenging market conditions , DPA achieved a solid performance in the third quarter . The recent acquisitions of Credit Force , Cauberg - Huygen Consulting Engineers and Engineering Techni Power provide further diversification and strengthening of activities in line with our strategy . Given the proven effectiveness of the strategy and the slightly better prospects for the majority of our markets, we face the future with confidence. Needless to say, we hereby invariably stick to our priorities : building and maintaining lasting relationships with clients and talented professionals and proactively respond to changing market needs. "
Results in the third quarter
In the third quarter, the result DPA able to consolidate . Year-on - year sales amounted to EUR 16.7 million ( third quarter 2012: 16.9 million ) . EBITDA rose to EUR 1.2 million ( third quarter 2012: 1.1 million ) . As a percentage of sales , gross margin amounted to 24.7 percent ( third quarter 2012: 22.8 percent ) . In the third quarter of 2013 the additional impairment charges arising from restructuring and advisory fees for acquisition projects 0.4 million. Amounted On balance, a constant net profit of 0.2 million euros.
Acquisitions and newly started activities
The newly acquired business Credit Force and Cauberg - Huygen Consulting Engineers contributed directly to earnings . In October, also took over the operations of Power Engineering Technicolor , with 53 professionals in the field of electrical engineering, mechatronics and mechanical engineering . These three acquisitions is the position of DPA , particularly in the segment of technical professionals expanded . Also expected to DPA Technicolor Power directly contribute to profitability . The losses of a new business units in the third quarter significantly reduced by the termination of the activities of DPA DPA Education and Human Resources . Both activities offered in the foreseeable future sufficient commercial perspective .