NOTÍCIAS

EBITDA of Reditus increases by 34.7% during the 1st quarter of 2014

 
  • Operating Revenues of 31.8 million euros (+ (4.7%)
  • EBITA of 2.8 million euros (+34.7%)
  • EBIDTA margin 8.8% (vs. 6.9%)
  • Net Result of 153.2 thousand euros (vs. 82.9 thousand euros) 
  • International Sales represent 38% of the Revenues
1. Summary of the Activity
 
The result of the first three months of the year show that the defined strategy continued to be executed effectively and thoroughly, and its worth noting an increasing profitability and expanding international presence.
 
The international activity recorded an increase during the first quarter of 2014 (1Q14), 33.4% over the same period in 2013, and represented 38% of the Group’s Total Revenue. In the domestic market, sales decreased by 7.3% reflecting the generally adverse economic environment that continued to affect Portugal. 
 
Operating Revenues amounted to 31.8 million euros, an increase of 4.7% versus the same period of the previous year. In the Service Delivery component, the increase was 10.3%, representing 81.7% of Revenues, value to be compared with 77.6% in 1Q13.
 
The continued focus on operational efficiency and investment in higher value-added services enabled an increase in profitability, with EBITDA of the Group recording an increase of 34.7% over the same period of the previous year, representing an EBITDA margin of 8.8% (vs. 6.9% in 1Q13).
 
 
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NOTÍCIAS

Net income of Reditus increases by 65% in 2013

 

  • Operating Income of 112,7 million euros (-13.4%)
  • EBITDA of 11,7 million euros (-27.9%)
  • EBITDA Margin of 10,4% (against 12,5%)
  • Net Income of 460 thousand euros (against 280 thousand euros)
  • International Sales represent 38% of Revenue

 

1. Summary of activity
 

During 2013, the Reditus Group continued its strong commitment to the expansion of its international operations, namely in Europe and Africa, as well as on the reinforcement of its integrated offering with development of new products and services.

The group opened new branches in key markets, and 38% of its total revenue came from international customers, in line with its experience in 2012.

The Operating Revenue and the EBITDA fell, due to factors related solely to the execution in 2012 of a specific and “one-off” project in the area of ITO in the Angolan market. The Operating Revenue of Reditus was 112.7 million euros, which was 17.5 million euros less than in 2012, and the EBITDA was 11.7 million euros, or 4.6 million euros lower than the 16.3 million euros of the previous year.

By contrast, the Net Results grew significantly by 65%, registering 460 thousand euros, compared with the 280 thousand euros of the previous year, benefiting from the decrease recorded in net financial charges, lower taxes, and various measures implemented to optimize costs and increase operating efficiency.

Operations in the domestic market decreased by 12.5%, reflecting the rationalization of service centers in Portugal and the generally adverse economic environment that continued to affect Portugal.

Reditus Group will carry on implementing its strategy to deliver greater value to the market, focusing on products and services for international markets, increasing its portfolio and optimizing its costs.

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NOTÍCIAS

Reditus has a new General Manager for “Specialized Outsourcing”

Reditus has appointed Paulo Mendes Cabeçadas as General Manager of the Specialized Outsourcing unit.

Paulo Mendes Cabeçadas´ challenge will be to develop this Reditus business unit, national and internationally, being responsible for exploring new market segments and developing Reditus’ offer in this business segment.

At the age of 40, Paulo Mendes Cabeçadas has a degree in Marketing from I.A.D.E. - Instituto de Artes Visuais, Design and Marketing and is fluent in several languages, French being his mother tongue. Having a comprehensive professional journey, he has taken over several positions in the domain of Information Technologies, Consultancy and Outsourcing over the last few years in Consultancy Companies with national and international Costumers.

His career started in 1993, having worked with Glintt as Belgium Development Director (2011/2012), with Altran as Business Manager - Financial Services (2008/2010), being responsible for the management of several Banking and Insurance accounts, and with Methodus Consulting, Espirito Santo Group and, more recently, with Iten Solutions (which resulted from the Prológica/CPCIS fusion) as Director for the Outsourcing/Outasking and Managed Services Unit.

With Paulo Mendes Cabeçadas’ hiring, Reditus aims at strengthening this key business area, the costumer list already including the biggest national companies operating in the several sectors as Banking, Insurance and Telecommunications and others.  The “Specialized Outsourcing” Unit has more than 300 consultants with know-how in several areas such as Application Maintenance and Development, Database Administration, Systems Administration, Business Inteligence and Applications, Telecommunication and Network Engineering and Support and Helpdesk. 

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NOTÍCIAS

IBM acknowledges the excellence of Reditus’ services

Reditus has just been appointed as Service Partner 2013, a distinction awarded to Reditus by IBM, in a selection made to a set of six business partners.

In this partnership, already lasting over 30 years, it is the 5th time that Reditus is acknowledged by IBM, which shows the recognition given to Reditus for their excellence and competence in services.

The distinction was awarded on the occasion of the Business Partners National Conference, where over a hundred representatives from IBM´s commercial partners network were present and the contribution of the most outstanding partners in their 2013 activity were acknowledged.

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NOTÍCIAS

Reditus Lisbon Innovation Center

Reditus relies on strengthening Outsourcing competencies for Processes and Contact Centres

 

  • New modern and centrally located facilities will ensure efficiency boosts and allow for expanding business.
Following its business development strategy, Reditus will open a new Services Centre in Lisbon, in Avenida 5 de Outubro. Reditus’ decision reflects its focus on the Outsourcing of Processes and Contact Centres and aims primarily at creating synergies, boosting efficiency and flexibility by centralizing the teams and the resources and providing a modern and “prime” location that is prepared for the future growth of operations. 
 
Under the name of “Reditus Lisbon Innovation Center”, the new facilities will host BPO teams and Contact Centres that were scattered throughout the various business centres in Lisbon, as well as accomodate the new Shared Services area that is part of the development plans.
 
Located in a central area in Lisbon, close to all kinds of services and easily to reach by public transportation, the “Reditus Lisbon Innovation Center” offers an area of 3,300 square metres to receive up to 1,250 work places.   
 
For Francisco Santanta Ramos, Reditus’ CEO, “the new Service Centre is the result of our strategy to rely on Customer Services, including BPO (Business Process Outsourcing), Contact Centres and Shared Services. This service centre also shows our comittment towards our clients to modernize and stimulate the challenges in their business areas”. 

 

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NOTÍCIAS

Death of Frederico José Appleton Moreira Rato

 

The Board of Directors of the Reditus Group sadly announces the death of its Vice-Chairman, Dr. Frederico José Appleton Moreira Rato, who was a key leading figure in the history of Reditus and the Information Technology sector in Portugal.

He was very closely involved in the course taken by Reditus after 1980, when the company, which had been founded in 1966, was acquired by the Moreira Rato family. All the company employees will certainly remember the example of his competence, companionship and tenacity, which had a clear impact on the continuing growth of the Reditus Group. 

It is this exemplary behaviour that all those who had the privilege of working with Dr. Frederico Moreira Rato will surely miss, and it is the responsibility of all to perpetuate his memory in the same demanding sense of duty and the good practices that ensure the sustainability of the Reditus Group business.

The Board of Directors and all the employees of the Reditus Group extend their sincere condolences to the family of Dr. Frederico José Appleton Moreira Rato.  

Frederico Moreira Rato - Biographical Note

Born in Lisbon on 22 September 1950, Frederico José Appleton Moreira Rato held a degree in Mathematics from the Faculdade de Ciência (School of Science) of Lisbon, and post-graduate studies in Biometrics and Numerical Taxonomy.

He began his professional career in the Ministry of Agriculture, in the areas of Statistics and Informatics, and was a founding member of the Interministerial Commission on Informatics.

He was a consultant for Mobil Oil Portuguesa from 1976 until 1980, the year he began his close involvement in the Reditus project,

In 1980, he became a member of the Reditus Board of Directors, where he held various positions, including that of Chairman of the Executive Committee.

Among other offices held, he was Director of Apesi – Associação Portuguesa das Empresas de Serviços de Informática; Director and founder of Apritel – Associação dos Operadores Privados de Telecomunicações until 2004; a member of the General Council of APDSI and Chairman of the Board of the association Portugal Outsourcing.

He participated in many seminars and conferences and was a recipient of the honorific Commendation of the Order of Merit.

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NOTÍCIAS

ROFF opens new branch in Switzerland

ROFF, a Reditus Company, announces the start up of its operations in Switzerland by opening a new office in this country where it signed its largest ever contract a few months ago, with the Swiss multinational Givaudan.
 
ROFF intends to expand its presence in this country and recruit 15 new employees for the new branch in Nyon, in pursuit of its aim of also being a reference partner in the Swiss market. The recruitment will initially resort to Portuguese human capital, focusing afterwards on hiring local specialised professionals. The company presently has a permanent team of 70 consultants focused on this market.
 
ROFF's strategy will initially focus on the country's francophone region, which the company is already familiar with and where it is more easily able to identify business opportunities, thereby allowing it to be more competitive. ROFF is currently developing projects in several multinationals and Swiss company groups, such as Givaudan, CIMO and blue-infinity. 
 
Expansion into this competitive European market forms part of the company's internationalisation strategy; it is already operating in eight different countries on four continents. In addition to the recent investment in the Chinese market with the opening of a branch in Macao at the start of 2013, and its continued presence in the African market, Europe still holds high growth potential for ROFF.
 
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NOTÍCIAS

Net Income of Reditus increased by 4.4% in the 1st semester of 2013

 

  • Operating Income of 56.2 million euros (-7.4%)
  • EBITDA of 5.1 million euros (-12.1%)
  • EBITDA Margin of 9.1% (against 9.6%)
  • Net Income of 260 thousand euros (against 249 thousand euros)
  • International Sales represent 30% of Revenue
 
1. Summary of Activity
 
During the first semester of 2013 (1S13), the Group's Operating Income reached 56.2 million euros, corresponding to a decline of 7.4% year-on-year. EBITDA stood at 5.1 million euros, representing a decrease of 12.1% compared to the previous semester. This evolution is primarily related to the delay in the development of projects in the African market, which in the first semester of 2012 (1S12) were very expressive, and the same behaviour was not observed in this interim period.
 
It should be noted that in the 2nd quarter of 2013, EBITDA continued the positive trend of the 1st quarter, having reached in these three months 3.0 million euros, a 38.4% increase compared to 2.1 million euros in the previous quarter.
 
Domestic operations increased by 2.5% year-on-year, a remarkable performance given the generally adverse context.
 
So as to ensure business continuity and development, international expansion continues to be the Group's priority, with new branches having been inaugurated during 1S13 in the Asian and African markets.

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NOTÍCIAS

Reditus Group wins project in Mozambique

Hydroelectric Cahora Bassa has awarded to ROFF, a Reditus Group company, through international public tender, a provision of consultancy services for carrying out an upgrade and development of the SAP system.

This major project, to be developed in the central which is considered the largest producer of electricity in Mozambique, with a capacity greater than 2000 megawatts, supplying Mozambique, South Africa and Zimbabwe, will consolidate the presence of Reditus in that country, giving further consistency to the Group´s growing investment in International Markets.

The concretion of this project will be led by ROFF, a Reditus company, specialized in the implementation of SAP solutions. Scheduled for completion by February 2014, this project aims to upgrade all levels of SAP of the Hydroelectric. The project will also improve the degree of adherence of the SAP system to present and future business requirements and to expectations of users, in order to respond to business challenges in the near future. In parallel, training actions will be developed to refresh and strengthen the SAP knowledge and skills of the Cahora Bassa´s users.

Francisco Santana Ramos, CEO of Reditus Group, stresses that, “this project is a signal of recognition of the competence of the Reditus Group and of the quality of services of SAP consultancy by ROFF, as well as strengthening our focus in international markets, which in 2012, already represented 39% of the total revenue of Reditus Group.”

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NOTÍCIAS

ROFF leads in SAP HANA

 
ROFF has just been acknowledged as one of the first VAR (Value Added Reseller) SAP partners, in Portugal, to benefit from authorisation to sell licences and certification for the implementation and support of SAP HANA.
 
In response to the growing global demand, ROFF invested in the qualification of its team, and is now announcing the offer of a service that assists companies of all sizes across all industries to respond efficiently current challenges and create value from SAP HANA, the next-generation in-memory platform that enables the management of real-time business. The aim of this modern business platform is to allow organisations to change and to speed up value creation through innovation in business processes increasingly faster and straightforward.
 
So far in 2013 ROFF has already won four new HANA clients, whose projects are now under way.
 
An essential part of ROFF's strategy for growth and internationalisation is to provide its clients the capability to use the mission-critical SAP applications, enhanced by SAP HANA, as soon as possible.  With this announcement ROFF is definitively reaffirming its strong purpose and strategy for continuous innovation, together with SAP.
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