STABLE FINANCIAL RESULT AND STRATEGIC ACQUISITION OF TBRICKS
COMMENTS FROM CEO TORBEN MUNCH:
“Orc presents a robust financial result for the fourth quarter, in view of the continued challenging market conditions across all geographical regions. Revenue was stable and our strong operating margin was retained. Cost control remains at the forefront of Orc’s strategic thinking, while we continue to invest in our world-class product development.
A reflection of the strategy is the acquisition of Tbricks, which was announced on January 2, 2015. With the addition of the Tbricks’ platform to Orc’s second-to-none connectivity network and electronic execution platform, we have extended our position as the leading global solutions provider for options and futures trading. The identified cost synergies further support the strategic rationale.
Together, Orc and Tbricks will own the largest development and services team within trading and electronic execution for exchange traded derivatives. This will put us in an even better position to cater to the ever-changing market requirements, for the benefit of all stakeholders.”
Orc is the global market leader in trading technology for listed derivatives. Building on our commitment to long term partnerships and technology innovation that delivers results, Orc serves the trading and electronic execution needs of clients worldwide.
Leading trading firms, market makers, banks and brokers depend on Orc to provide robust solutions that deliver concrete value, ensuring that they achieve their business goals in the world’s increasingly dynamic and competitive markets.
With nearly 200 customer sites in more than 30 countries, access to over 150 trading venues and offices in each of the world’s key financial centers, we offer true global capabilities.
Combining our technology and financial industry expertise, including a solid understanding of regulatory issues, Orc also provides expert advice and services that help reduce complexity and cost, while enabling clients to stay focused on value creation in their core businesses.
Orc is owned by Orc Group Holding AB which in turn is majority-owned by Nordic Capital Fund VII.
For more information visit: orc-group.com
CEO Torben Munch, phone: +46 8 506 477 35
CFO Tony Falck, phone: +46 8 506 477 24
The information in this year-end report is subject to the disclosure requirements of Orc Group Holding AB under the Swedish Securities Exchange and Clearing Operations Act and the Financial Instruments Trading Act. The information was released for publication on February 19, 2015, 8:00 a.m. CET.
N.B. The English text is a translation of the Swedish text. In case of discrepancy between the Swedish and the English text the Swedish version shall prevail.