reports
- ABGSC IT Research
- Mikkel Kousgaard Rasmussen
NNIT A/S: A CHALLENGING THIRD QUARTER. NECESSARY ACTIONS TAKEN TO IMPR...
NNIT A/S: A CHALLENGING THIRD QUARTER. NECESSARY ACTIONS TAKEN TO IMPROVE PERFORMANCE IN 2024 AND LONG-TERM Q3 2024 key highlights Financial performance for the third quarter was unsatisfactory. Some areas of the business did not perform as initially planned in Region US and Region Europe which negatively impacted the performance. Organic growth was negative by 1.6% and total revenue growth was negative by 1.7%. In Q3 2023, Region DK revenue was impacted by a positive technical one-off due to the carve-out of around DKK 15m as a revenue accrual was released in the quarter despite being re...
NNIT A/S: Publication of financial estimates gathered from equity anal...
NNIT A/S: Publication of financial estimates gathered from equity analysts covering the NNIT share Today, NNIT has published financial estimates gathered from the four equity analysts covering the NNIT share ahead of the Q3 2024 announcement scheduled for publication on November 5. As a new practice, the estimates will be made available on NNIT’s investor site and announced one week before the quarterly announcement. The estimates can be found here: NNIT will host a webcast about the Q3 2024 announcement on November 6 at 9:30 CET. Details can be found via this link: For more informati...
- ABGSC IT Research
- Mikkel Kousgaard Rasmussen
- ABGSC IT Research
- Mikkel Kousgaard Rasmussen
NNIT A/S: NNIT adjusts 2024 financial outlook
NNIT A/S: NNIT adjusts 2024 financial outlook NNIT adjusts the 2024 financial outlook and now expects organic revenue growth to be around 6-7% (previously around 10%) and the Group operating profit margin to reach 6-7% before special items (previously 8-9%) on the back of unsatisfactory performance in Q3. An uplift in Q4 is expected based on improved transparency and a solid backlog for the remainder of the year following recent important contract wins. Based on preliminary and unaudited financial figures, NNIT generated Q3 2024 Group revenue of DKK 445 million (2023: DKK 453 million) and...
- ABGSC IT Research
- Mikkel Kousgaard Rasmussen
- ABGSC IT Research
- Mikkel Kousgaard Rasmussen
NNIT A/S: ATP choses NNIT as new supplier of business-critical SAP sys...
NNIT A/S: ATP choses NNIT as new supplier of business-critical SAP system As referred to in the Company Announcement 05/2024, Interim Financial Report Q2 2024 on August 26, NNIT was close to signing a large important strategic contract. NNIT has entered into a contract with ATP (Udbetaling Danmark) for the delivery of their critical SAP Debtor system. Udbetaling Danmark is the authority responsible for the collection, disbursement, and control of a number of public benefits. – e.g., state pension and housing benefits. The contract will initially run for six years with the possibility to ex...
NNIT AS: 1 director
A director at NNIT AS bought 3,902 shares at 128.044DKK and the significance rating of the trade was 57/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showi...
NNIT A/S: Reporting of transactions in NNIT’s shares made by person di...
NNIT A/S: Reporting of transactions in NNIT’s shares made by person discharging managerial responsibilities NNIT has pursuant to article 19 of the Market Abuse Regulation received notification of transactions by person with managerial responsibilities in NNIT. Reference is made to the attached table showing detailed information about the transactions. Contact for further information Carsten RingiusEVP & CFOTel: Media relationsTina Joanne HindsboMedia Relations Manager Tel: NNIT is a leading provider of IT solutions to life sciences internationally, and to the pu...
- ABGSC IT Research
- Mikkel Kousgaard Rasmussen
Correction: NNIT A/S: SOLID ORGANIC GROWTH OF 11%, PROFITABILITY CONTI...
Correction: NNIT A/S: SOLID ORGANIC GROWTH OF 11%, PROFITABILITY CONTINUED TO IMPROVE, AND IMPORTANT STRATEGIC MILESTONES REACHED Correction: The two metrics “Earnings per share” and “Diluted earnings per share” were incorrectly stated for 6M 2024 in the Q2 2024 interim financial report, company announcement 05/2024. The correct “Earnings per share” is DKK 1.41 and “Diluted earnings per share” is DKK 1.41 as of 30th June 2024. An updated version of the interim financial report is attached. Q2 2024 key highlights Financial performance continued to improve during the second quarter with o...
- ABGSC IT Research
- Mikkel Kousgaard Rasmussen
NNIT A/S: SOLID ORGANIC GROWTH OF 11%, PROFITABILITY CONTINUED TO IMPR...
NNIT A/S: SOLID ORGANIC GROWTH OF 11%, PROFITABILITY CONTINUED TO IMPROVE, AND IMPORTANT STRATEGIC MILESTONES REACHED Q2 2024 key highlights Financial performance continued to improve during the second quarter with organic growth at 11.0% meaning NNIT is capturing market share, specifically in Denmark and Europe. Growth was seen across all regions, with the exception of Region US, which continued to be negatively impacted by the temporary decline in the data migration business, despite gradual improvements.Group operating profit margin excluding special items ended at 6.7%, which is an 0.8...
NNIT A/S: NNIT signs its largest contract in the US worth approx. DKK ...
NNIT A/S: NNIT signs its largest contract in the US worth approx. DKK 130m In August 2024, NNIT entered into an agreement with an existing large pharma customer in Region US to deliver strategic consulting services in the areas of Quality & Computer System Validation support. NNIT will start to deliver on the project during the third quarter. The contract will run for three years and is worth approx. DKK 130m with the possibility of extension. Greg Cathcart, Senior Vice President of Region US, says: “We are very pleased to have landed the largest contract ever in the US. This is a true t...
- ABGSC IT Research
- Mikkel Kousgaard Rasmussen
NNIT A/S: Sale of Vendor Loan Note
NNIT A/S: Sale of Vendor Loan Note With reference to company announcement 9-2022, NNIT announces that it has engaged in a related party transaction involving the sale of a vendor loan note to Novo Holdings A/S issued in connection with the divestment of Aeven. The vendor loan note of DKK 200 million with accrued interest was sold to Novo Holdings A/S at a book value of DKK 221 million, with an effective date of July 1, 2024, and has been paid in full. Novo Holdings A/S is a major shareholder of NNIT, currently holding indirectly 51% of the total share capital and voting rights in NN...
NNIT A/S: REVENUE GROWTH OF 12.2% AND 5.2% OPERATING MARGIN. FULL-YEAR...
NNIT A/S: REVENUE GROWTH OF 12.2% AND 5.2% OPERATING MARGIN. FULL-YEAR FINANCIAL OUTLOOK IS MAINTAINED Q1 2024 key highlights The first quarter results were as planned on an overall level. Organic revenue growth of 8.0% driven by Region Denmark and Region Europe partly offset by Region US and Region Asia. The performance of our downscaled Region Asia was impacted by continuing headwind and not as expected. Total revenue growth was 12.2% compared with last year.The group operating profit excluding special items increased from DKK 20m in Q1 2023 to DKK 23.9m in Q1 2024, equal to a group ope...
NNIT A/S: Resolutions from the annual general meeting of NNIT A/S
NNIT A/S: Resolutions from the annual general meeting of NNIT A/S Today, NNIT A/S held its annual general meeting, at which the following were noted/approved: Financial year 2023 and 2024 The Chairman of the Board gave the Board of Directors’ report on the Company’s activities in the past financial year, especially highlighting: launch of the new strategy for the Company with focus on Life Science internationally as well as the public and private sector in Denmark,the divestment on April 28, 2023 of the Company’s infrastructure operation, also called the IO Business, to Aeven Holding ApS,...
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