UPDATE 2-Ordina H1 beats expectations, no outlook

* Recurring EBITA 17.2 mln euros vs 15 mln average forecast

* Sees some "cautious signs" of market stabilization

* Gives no outlook for 2009

* Shares down 2 percent, reversing 7 percent gain (Adds CEO, analyst comment, shares)

AMSTERDAM, Aug 25 (Reuters) - Dutch IT services firm Ordina (ORDN.AS) said on Tuesday it saw "cautious signs" of market stabilization but refrained from giving an outlook after reporting better-than-expected first-half results.

Chief Executive Ronald Kasteel told reporters there was some stabilisation in Ordina's markets, which are mainly the financial and government sectors.

"It looks like the sun is starting to shine a little," he said.

But as the overall economic climate was not expected to change it was too early to give an outlook, Kasteel added.

Earnings before interest, taxes and amortization (EBITA) from continuing operations, excluding extraordinary items was 17.2 million euros ($24.61 million), down from last year's 27.7 million.