NNIT – Presentation of Half-Year Results 2023

NNIT is expected to release its results for the first six-month of 2023 on 31 August 2023. At a live event on 4 September at 13.00 CEST NNIT’s Management will present the results and achievements followed by a Q&A session.

In the first quarter of the year NNIT delivered a solid performance, growing the topline 16% (11% organic), and on the back of higher revenue and utilization improved the operating profit margin significantly. Despite that, and the fact that the first part of 2023 was expected to be impacted by a higher cost base, they reiterated 2023 guidance. They expect revenue to grow around 10% and operating profit margin before special items to increase to around 5%.

The focus for the Half-Year report will be on whether the dynamics seen in Q1 2023 are continuing and on the outlook for the rest of the year. Furthermore, with the company in a transition to a more asset-light and focused state, comments on the progress on that front will also be in focus. NNIT has announced a Capital Markets Day on 18 September. More details about the transition might await.

NNIT A/S is a Danish-based information technology (IT) company engaged in consulting, development, and outsourcing. It dedicates its offer to enterprises, life sciences companies, the public sector, and finance institutions. NNIT is in the midst of a transformative process after the divestment of its infrastructure business to establish NNIT as a highly specialized IT services provider focusing exclusively on core areas within IT services to the Life Sciences market and Cloud & Digital Solutions.

Disclaimer: HC Andersen Capital receives payment from NNIT for a Digital IR/Corporate Visibility subscription agreement. /Michael Friis 11.05 on July 31st, 2023.