ICT provider Ordina said its net profit fell to EUR 3.1 million in 2017, from 5.1 million the year before. EBIDTA slipped to EUR 14.5 million from 15.1 million. The EBITDA margin also went lower, to 4.2 from 4.4 percent.
Ordina did better in the fourth quarter, with revenues rising 7.2 percent to EUR 90.2 million and the EBITDA margin going higher to 5.4 percent from 5.1 percent. In the Netherlands, revenue increased by 8 percent to EUR 66.7 million while in Belgium/Luxembourg, it grew 4.9 percent to EUR 23.5 million. Most of the growth was with customers in the public and financial sector.
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