ICT GROUP AT OSISOFT NETHERLANDS REGIONAL SEMINAR

ICT Group will be present with a combination of 3 entities: ICT with the unit Industry, Raster and OrangeNXT who all work together on PI based solutions. Our focus is on delivering solutions for Real-Time Quality Control for various industries. We will demonstrate the Virtual Inspector (for image recognition solutions) and the Virtual Lab (for quality control with Artificial Intelligence). Both analytic cloud based solutions are connected to the PI-system.

Talks from OSIsoft, their customers and their partners will cover insight on how to maximize the value of your PI Data for industrial analytics, deliver a strategic approach to operations ready analytics data and how minimize delays and failures from data inaccessibility, intensive data processing, and poor data quality.

‘EMPOWER YOUR ANALYTICS WITH OPERATIONS DATA’

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TOC Europe 2019

TOC Europe – Your Global Container Supply Chain Event

ICT Group will be present again at the TOC Europe in Rotterdam Ahoy in 2019. We would like to invite you at our booth: B.64. Here we will inform you about the possibilities within Digital Twin, Internet of Things, Middleware, Digital Transformation, Deep Learning Solutions and other Smart Solutions that ICT Group and OrangeNXT offer you.

In addition to our stand we will gladly inform you during the TECH TOC conference. TECH TOC is a conference for the stakeholders in port and terminal industry to come together, share experiences and expertise and map out solutions to common current and future challenges.

We are involved in the presentation on Tuesday June 18 from 12:00 to 13:30h, about ‘The intelligent Port’ from Joe Bester, Chief Marketing Officer – IoT.NXT.
On Wednesday June 19 from 12:00h to 13:30h, Pieter van der Spek, System Architect at ICT Group will inform you about ‘Moving container terminals to the 21st century’.

Read more.

Divestment Raster Products B.V.

HMS Industrial Networks AB, a wholly owned subsidiary of HMS Networks AB, located in Halmstad, Sweden, has today acquired all shares in Raster Products B.V. from Raster Beheer B.V., an ICT Group company. For several years Raster Products has been HMS’ primary distributor of Ewon products in the Netherlands. Raster Industrial Automation remains a subsidiary of ICT Group.

You can find the press release of HMS Networks here.

Q1 2019: revenue growth of 37%, organic growth 9%

Key developments:

  • Revenue in Q1 2019 up 37% to € 39.4 million (Q1 2018: € 28.7 million)
  • Organic revenue growth of 9%
  • Reported EBITDA Q1 2019 amounted to € 4.8 million (post-IFRS 16).
  • Underlying EBITDA increased 20% to € 3.6 million (Q1 2018: € 3.1 million)
  • Acquisition of Additude completed; international expansion through acquisition in Sweden
  • Acquisition of BNV Mobility completed; strengthens position in Mobility as a Service market
  • ICT reiterates its outlook of further revenue and EBITDA growth for 2019 compared to 2018

Key figures

Jos Blejie, CEO of ICT Group N.V.: “I am pleased with how we started 2019, posting a strong revenue and EBITDA growth, to which our acquisitions, InTraffic and most recent Addittude, greatly contributed. But also organically we showed a solid performance. We benefited from strong demand in the High Tech and Automotive sector but there are indications that this will level off in the course of the year.”

Financial developments

Revenue increased to € 39.4 million in the first quarter of 2019, compared to € 28.7 million in the first quarter of 2018. Organically, excluding InTraffic (acquired in April 2018) and Additude (acquired in January 2019, consolidated as of February 2019), revenue was up 9%. Organic growth was positively impacted by strong demand in the High Tech and Automotive sector. This is expected to level off in the course of the year.

ICT Netherlands continued its solid performance, with good productivity levels. Strypes Bulgaria and InTraffic both showed improved results over last year. In the segment Other Raster was more or less in line with last year and Improve showed increased results.

Underlying EBITDA, pre-IFRS 16 and excluding the one-off accounting gain increased to € 3.6 million, compared to € 3.0 million in the same period in 2018. Acquisition costs increased from € 0.1 million in the first quarter of 2018 to € 0.5 million in the first quarter of 2019. The underlying EBITDA margin came in at 9.1%. Excluding acquisition costs the margin came in at 10.4%, in line with the first quarter of 2018 (10.3%).

IFRS 16

IFRS 16 ‘Leases’ is effective as of 1 January 2019. Under this new IFRS standard an asset, which is the right to use the leased item, and a financial liability, being the present value of future lease payments to be made, are recognised. Additionally, IFRS 16 leads to a shift from operating lease costs to depreciation and amortisation and financial expenses. In Q1 2019 IFRS 16 had a positive impact on EBITDA of € 1.2 million.

Strategic Themes

ICT has made clear choices in terms of growth. ICT focuses on the themes Smarter Industries, Smarter Cities and Smarter Health. Within these themes ICT delivers the highest added value to its customers.
Smarter Cities showed considerable growth, mainly driven by the acquisition of the remaining 50% stake in InTraffic. In Smarter Industries both the acquisition of Additude (contributing for two months) as well as strong demand in the Automotive sector contributed to the significant growth. The revenue decline in Smarter Health results from flat revenue development at BMA and lower rates in the ICT Healthcare unit.

Additude

On 21 January 2019 ICT completed the acquisition of Additude. In line with ICT’s strategic direction to expand business into new geographies, ICT foresees Additude to become the platform for the Northern European market offering high-profile industrial technology consulting services.

BNV Mobility

On 26 March 2019 ICT completed the purchase of 65% of the shares of BNV Mobility, one of the leading Smart Mobility Services firms in the Netherlands. Acquiring the majority of the shares of BNV is a logical next step for ICT to accelerate its position in the Mobility as a Service (MaaS) market. BNV Mobility will be consolidated as from April 2019.

Outlook

ICT’s management reiterates the outlook given at the announcement of the annual results in March.

ICT is fully focused on profitable growth and will continue to execute its buy-and-build strategy; combining healthy organic growth with selective acquisition opportunities. The employment market for IT talents remains very challenging. Attracting and retaining the right people is a top priority.

ICT is fully committed and confident in its ability to deliver on its long-term objective of increasing annual revenue to € 200 to € 230 million by 2022, while maintaining an EBITDA margin between 10 and 12%. For 2019 ICT expects further revenue and EBITDA growth.

Artificial Intelligence, an important development in the field of smarter cities.

BAM Infra, together with strategic partner ICT Group, has developed a revolutionary technology that enables roads to be checked for damage more quickly by using Artificial Intelligence. An important development for Smarter Cities.

Read all about it in this article (Dutch only) or take a look at the video below.

More information?

Do you want to learn more about this subject? Download our whitepaper ‘AI in video recognition: Assessing video footage with a machine learning algorithm‘. On a more personal level you can read the blog of our Born Techie Frank.

ICT Group selected as preferred supplier by Rijkswaterstaat

Rijkswaterstaat (RWS) and ICT Group entered into a framework contract for the provision of services across the industrial automation chain. The contract has been concluded for a period of three years with the possibility of a one-year renewal. Starting from the 1st of February, ICT Group’s team of experts can be called upon by Rijkswaterstaat to contribute their expertise to a variety of projects.

ICT Group is one of a number of specialist companies selected by Rijkswaterstaat to provide industrial automation services for engineering structures, roads and waterways. Industrial Automation is fundamental to the success of Rijkswaterstaat’s core business. ICT Group clearly demonstrated its expertise in operating, controlling and monitoring various processes through a number of relevant reference projects.

Tunnel Automation

“Our team of experts played a key role in the automation of a significant number of tunnels in the Netherlands, including the new A2 tunnel in Maastricht and the Spaarndammertunnel in Amsterdam,” Senior Project Manager Ton van der Loos explains. “We were closely involved in the development of the system operating software and the tunnel monitoring software, and will also be involved in the monitoring and maintenance of the A2 tunnel during the next few years.

Automation Standards

ICT Group has contributed to the development of process automation standards for various parties in the Water & Infrastructure sector. Van der Loos: “This level of experience and expertise perfectly meets Rijkswaterstaat’s need for the development of standard solutions for the operation, control and monitoring of bridges, sluices and tunnels.”

Innovative Solutions

Business Development Manager Infrastructure Menno Kamminga believes the new framework contract will enable ICT to help Rijkswaterstaat devise innovative solutions at an early stage. “Our aim is to support our customers at the strategic level to develop comprehensive solutions together – that’s what we do best.”

 

PRODUCTIE PROCES AUTOMATISERING (PPA) EVENT 2019

Meet ICT Group at the PPA event on January 29 at the convention and register for the inspiring presentation of ICT Group.

Title presentation: The role of MES in the digital transformation at ‘NS Treinmodernisering’
Speakers: Alexander Spaans (NS Treinmodernisering) and Ruud van Drielen (ICT Group)
NS Treinmodernisering is the revision and modernization company for parts and wagons of trains. In Haarlem, the wheel sets of trains are overhauled. A new building was realized in 2017 with new machining lines for the axles, with components such as wheels and brake discs. This revision process has been fully digitized and MES has been introduced as the “conductor” of the process. Based on inspection of the incoming axes, the route (workflow) is determined by the revision process. Various operations take place which are controlled and recorded by MES. The analyzes of this process have also been fully digitized, including production reports, OEE and Work-In-Progress, resulting in new insights.

ICT Group will give a presentation together with ‘NS Treinmodernisering’ about the design of the new revision process, the operation of the automation and the role of MES to achieve fully digitized production.

Read more at this page about the ‘Productie Proces Automatisering’ event.

CORPORATE MAGAZINE

The year 2018 marks our 40th anniversary and during this year we launched our spectacular Corporate Movie.
Be amazed and watch our video!

In addition to the above we are proud to present to you the first edition of our Corporate Magazine. This magazine is all about our challenges, our projects, our colleagues, our partners and our customers.

It is a Big Thank You for 40 years of cooperation and dedication!

Go to the web page of our Corporate Magazine.

ICT Group Knowledge Event: Trends and developments in IA 2018

Trends and developments in IA
On Thursday November 1, 2018, ICT Group organizes the inspiring ICT Group Knowledge Event Trends and developments in IA for the second time. Do you want to be informed about the trends and developments in IA and enter into a dialogue with us and other participants and companies about the future of Industrial Automation? Then come to the event in Nieuwegein.

“A great example of how ICT treats their clients and partners.
Co-operation, communication, networking…”

Program
This evening is filled with presentations and exhibition stands from prominent companies such as Siemens Nederland, Osisoft, Schneider, Raster Products, ICT Group, Zeelandia, OrangeNXT, ABB and Wonderware Benelux.

The evening is about solutions that help you make processes in industrial environments more efficient, flexible, simpler, safer and more sustainable. Be informed and inspired about the trends and developments in Industrial Automation.

View the full program.

Read more about the ICT Group Knowledge Event.

CONGRESS FOR VALUE-BASED CARE AND QUALITY REGISTRATION

Healthcare providers can significantly increase the value of their patient care with good quality registrations. But how do you set it up so that the healthcare really improves? At the congress ‘Value-driven quality assurance’ you will gain insight into the development, the visions and the latest initiatives of quality registrations in Belgium and the Netherlands.

In addition to a short presentation on LogicNets, ICT Group, in collaboration with the HIV Monitoring Foundation, is giving a demonstration of DataCapTree, a solution built on the LogicNets Medical Diagnostic Framework.

Stichting HIV Monitoring (SHM, the Dutch HIV monitoring foundation) implemented a new smart data entry and storage system. SHM developed DataCapTree with the LogicNets Medical Decision Framework, ICT Group’s decision support solution.

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