Abril 2008

Norman publica sus resultados del primer trimestre de este 2008 y son muy buenos ( Ingles)

Norman ASA, the data security company, today announced its first quarter 2008 results. Net revenue ended at NOK 70.7 million, up from NOK 68.7 million in last year’s first quarter. EBITDA was NOK 7.0 million, up 32% from previous year. The EBITDA margin for Q1 ’08 ended at 10%.

Norman’s profit before tax for the first quarter ended at NOK 5.2 million up from NOK 4.4 million previous year.

The company was hit by a negative currency effect in Q1. Adjusted for negative currency effect the revenue growth was 6%.

“Norman experienced considerable growth generated from the initiatives taken in 2007. We are quite excited to see positive results from our refocusing as we are entering into 2008,” said Norman’s CEO Trygve Aasland.

The first quarter represented the sales start for the new generation of Norman’s core product, Norman Security Suite. The single user version of the suite was released at the end of 2007 and the corporate version is expected in the second half of 2008. OEM agreements, included in the Core Security business area, developed positively in the first quarter. Among Norman’s OEM customers are companies like Microsoft and F-Secure.

Within the business area Advanced Malware Analyzers, all customers completing their first year of using the product renewed their licenses. Several new contracts were secured in the first quarter. Among the new reference customers are Light Speed Systems and Microsoft Release Lab. The Release Lab analyses and approves all new Microsoft products and patches prior to release and maintains the industry’s highest security and quality assurance standards. Norman Analyzer Pro will be an integral part of the quality process for new Microsoft products and applications. Among Norman’s other customers in this business area are global IT organisations, financial institutions and national security agencies. The majority of these customers prefer not to be identified for security reasons.

In line with the market’s increased focus on internal network security the new Norman Network Protection product has been installed in various vertical markets like manufacturing, education and healthcare. These installations are spread throughout Europe. In the first quarter Norman signed its first network protection contracts within the healthcare vertical, where Norman Network Protection will provide state-of-the-art data security in the interaction between sensitive patient data, sophisticated medical equipment and the hospital’s administrative functions. Hospitals, alongside manufacturing industries and educational institutions, represent attractive segments for Norman Network Protection.

83% of Norman’s sales are now outside Norway. The strongest growth is currently seen in North America, where Norman’s revenue grew by 39% in the first quarter.

Norman’s financial position remains strong. The company has no interest bearing debt. Total cash at the end of the quarter amounted to NOK 115.4 million, which is NOK 7.2 million more than at the end of last year.

The company had 187 employees at the end of the first quarter (194 at the end of the previous year’s first quarter).

Norman will continue to bring new products to the market in 2008. As the new products are adopted by the market, Norman expects to gain momentum and renewed organic growth, especially in the second half of the year.

The company will continue to invest in product development and marketing both in its traditional products areas and its new areas of growth. Norman’s strong cash position represents a considerable flexibility in terms of future growth alternatives and in creating share holder value.