NNIT A/S: 19/2015 Financial report for the first nine months of 2015 and Finance Calendar for 2016

NNIT delivers organic revenue growth of 8.2% and an operating profit margin of 10.9% in constant currencies. Performance highlights for the first nine months of 2015 * Revenue increased by 8.2% in constant currencies to DKK 1,862m and 9.0% in reported currencies to DKK 1,877m * Operating profit margin was 10.9% in constant currencies and 9.4% in reported currencies...

NNIT delivers organic revenue growth of 8.2% and an operating profit margin of 10.9% in constant currencies.

 

Performance highlights for the first nine months of 2015

• Revenue increased by 8.2% in constant currencies to DKK 1,862m and 9.0% in reported currencies to DKK 1,877m
• Operating profit margin was 10.9% in constant currencies and 9.4% in reported currencies. Reported operating profit was negatively impacted by currency headwind
• Operating profit increased by 15.3% to DKK 202m in constant currencies and operating profit in reported currencies increased by 0.7% to DKK 177m reflecting a negative impact from currency development

• Net profit increased by 4.7% to DKK 144m in reported currencies mainly due to improved net financials and lower tax
• Order backlog for 2015 at the beginning of Q4 2015 increased by 7.2% compared with order backlog for 2014 at the beginning of Q4 2014

Outlook for 2015 in constant currencies:

• Revenue in constant currencies is still forecasted to grow 6-8%, whereas revenue growth in reported currencies is expected to be around 0.8pp higher based on current exchange rates
• Operating profit margin is still forecasted to be around 11% in constant currencies, whereas operating profit margin in reported currencies is expected to be around 1.3pp lower based on current exchange rates

Per Kogut, CEO at NNIT comments: "I am pleased to report strong double-digit growth from our non-Novo Nordisk Group customers, including a 17.9% organic growth from other life sciences customers. Despite a competitive market we have still delivered strong operating profit, and are on track to reach our 2015 targets."

 

Finance Calendar for 2016

January 27, 2016	Full year report for the period January 1, 2015 to December 31, 2015 and Annual Report
January 28, 2016	Deadline for shareholders submitting proposals for matters to be considered at the Annual General Meeting
March 11, 2016	Annual General Meeting
March 16, 2016	Expected date for dividend payout
May 13, 2016	Interim report for the period January 1, 2016 to March 31, 2016
August 16, 2016	Interim report for the period January 1, 2016 to June 30, 2016
October 26, 2016	Interim report for the period January 1, 2016 to September 30, 2016

 

Conference call details

NNIT will host a teleconference November 17 at 10:30 CET about the financial report for the first nine months of 2015. Please visit the NNIT webpage at www.nnit.com

to access the teleconference, which can be found under 'Investors - Downloads'. Presentation material will be available on the website approximately one hour prior to the start of the presentation.

 

Contacts for further information

Investor relations:          

Jesper Vesterbæk Wagener        

Head of Investor Relations         

Tel: +45 3075 5392                  

[email protected]

 

Media relations:                       

Rikke Dalager                          

Head of Communications            

Tel: +45 3077 8080                  

[email protected]

 

About NNIT

NNIT A/S is one of Denmark's leading IT service providers and consultancies. NNIT A/S offers a wide range of IT services and solutions to its customers, primarily in the life sciences sector in Denmark and internationally and to customers in the public, enterprise and finance sectors in Denmark. As of September 30, 2015, NNIT A/S had 2,539 employees.

 

For more information please visit www.nnit.com.

 

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