ARMADA OAO
ARMADA OAO ramps up revenue 16% in H1 2012
ARMADA OAO / Key word(s): Half Year Results ARMADA OAO ramps up revenue 16% in H1 2012 HIGHLIGHTS: – ARMADA's revenue climbed 16% year-on-year in the first six months of 2012. – Headcount remained almost unchanged from January 1. – The company has no long-term debt. – Management expects full-year revenue to increase 20%-25% while EBITDA margin is expected to remain at the level of 2011 (when it was equal to 12.2%). Moscow, September 28, 2012 – ARMADA Group (MICEX-RTS: ARMD) hereby announces preliminary financial results for the first six months of 2012 (the period from January 1 through June 30, 2012). «The results of the first six months are in line with our expectations. Historically, the group generates more than two thirds of revenue in the second half of the year. We expect ARMADA's revenue to rise 20%-25% as of the year-end and EBITDA margin to remain on the high level achieved in 2011» said Alexey Kuzovkin, chairman of ARMADA's board of directors.
* Based on IFRS management report from January 1 through June 30 of each year
REVENUE Revenue in the first half of the year usually accounts for between 25% and 30% of full-year revenue due to the seasonal factor in contracts with Russian ministries, government agencies and state-owned companies. ARMADA expects the current proportion of orders from private and public customers to remain unchanged in 2012.
BUSINESS SEGMENTS This year, ARMADA won a tender to develop a software «Automated system for open foreign exchange position management» for Sberbank, created the first stage of a single Internet portal aimed at promoting Russia's cultural heritage and traditions for the Culture Ministry, commissioned the Unified Interdepartmental Statistical Information System (UniSIS) for the Federal State Statistics Service, developed a Unified Motor Vehicle Safety Inspection Information System for the State Traffic Safety Inspectorate of Russia's Interior Ministry, and rolled out a system of inter-agency collaboration among Moscow government agencies. ARMADA was also awarded in 2012 contracts to deploy MEDIALOG medical information system in a number of regions, as part of the healthcare modernization program, completed a project to create a single data base of Russia's blood service, as part of state voluntary blood donation program, implemented a project to automate the Endocrinology Scientific Center (ESC) of the Russian Healthcare and Social Development Ministry, and carried out other projects.
RATINGS AND AWARDS ARMADA has carried out a project enabling the State Traffic Safety Inspectorate of the Russian Interior Ministry to provide online registration of vehicles. This project was declared the winner at the annual competition entitled «Top 10 IT Projects for the Public Sector 2012». ARMADA received a Certificate of Gratitude from the Russian president for the company's work in creating information systems for government agencies.
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Language: | English | |
Company: | ARMADA OAO | |
5th Donskoy proezd, 15, b.6 | ||
119334 Moscow | ||
Russia | ||
Phone: | +7 (495)797 6020 | |
Fax: | +7 (495)797 6021 | |
E-mail: | IR@armd.ru | |
Internet: | www.armadaitgroup.com | |
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