-Kepler hails Ordina Q1 guidance.(Brief article)

INTERNET BUSINESS NEWS-(C)1995-2011 M2 COMMUNICATIONS

1 March 2011 - Dutch IT services provider Ordina (AMS:ORDI) surprised today the market with a strong revenue expectation for the first quarter of 2011, Kepler's analyst Peter Olofsen said.

Ordina projected sales of between EUR115m (USD158.9m) and EUR120m for the first quarter of 2011, an increase of 5-10% in annual terms.

In the fourth quarter of 2010, revenue was lower than a year earlier, excluding divestments.

The company confirmed also a net loss of EUR7m for 2010, compared with a profit of EUR200,000 for 2009.

Ordina shares climbed 11.34% to EUR3.83 by 10:39 CET in Amsterdam on Tuesday.

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