companyName

extensiveId

feedTypes

includeDividend

includeEstimates

includeOverview

includeOwnership

includeResearchContent

researchId

snapshotDate

CompanyName_Query

companySlug

CompanyMetaData

Company_query

company

query CompanyName_Query(
  $companyName: String!
  $extensiveId: ID
  $snapshotDate: String
  $researchId: ID
  $includeResearchContent: Boolean!
  $feedTypes: [ContentType!]!
  $includeEstimates: Boolean!
  $includeOverview: Boolean!
  $includeOwnership: Boolean!
  $includeDividend: Boolean!
) {
  ...CompanyMetaData_Ux1x9
  ...Company_query_1TiJKa
}

fragment AnalystData on Analyst {
  name
  pageUrl
  jobTitle
  imgUrl
}

fragment AuthorList on Content {
  __isContent: __typename
  id
  authors {
    __typename
    id
    name
    pageUrl
  }
}

fragment ChangePercentBlock_Company on Company {
  defaultInstrument {
    isin
    symbol
    priceData {
      diff1mPercentage
      diff1yPercentage
      diff3yPercentage
      diffFromStartPercentage
    }
    id
  }
}

fragment CompactFeed_3NXCcw on Query {
  compactFeed: feedContent(companySlug: $companyName, filter: {types: $feedTypes}) {
    edges {
      node {
        __typename
        id
        ...TeaserExtraCompact_content
        createdAt
        companies {
          viewerIsFollowing
          id
        }
      }
      cursor
    }
    pageInfo {
      endCursor
      hasNextPage
    }
  }
}

fragment CompanyAnalystQuery on Company {
  analysts {
    ...AnalystData
    name
    pageUrl
    jobTitle
    imgUrl
    id
  }
}

fragment CompanyCoverage_Company on Company {
  analysts {
    name
    id
  }
  isPayingCustomerOf
  isFormerCustomerOf
  isCorporateCustomer
  ...CompanyAnalystQuery
  defaultInstrument {
    ...TargetAndRecommendation_Company
    id
  }
}

fragment CompanyDescription_Company on Company {
  description
  websiteUrl
  name
}

fragment CompanyDisclaimer_query_Ux1x9 on Query {
  company(companySlug: $companyName) {
    name
    isPayingCustomerOf
    isFormerCustomerOf
    id
  }
}

fragment CompanyDividendER_query on Company {
  name
  defaultInstrument {
    estimateData {
      reportingCurrency
    }
    dividendTransactions: estimateTransactions(first: 1, includeQuarters: false) {
      actualized {
        year
        dividend
        dividendYield
        payoutPercentage
        sharePrice
      }
      estimates {
        year
        dividend
        dividendYield
        payoutPercentage
        sharePrice
      }
    }
    id
  }
}

fragment CompanyDividendNonER_query on Company {
  name
  defaultInstrument {
    nonERDividendSet: nonERCompanyNumberSet(includeQuarters: false) {
      year
      dividend
      dividendYield
      epsReported
      sharePrice
      currency
    }
    id
  }
}

fragment CompanyDividend_query_Ux1x9 on Query {
  company(companySlug: $companyName) {
    ...CompanyDividendER_query
    ...CompanyDividendNonER_query
    defaultInstrument {
      coreId
      id
    }
    id
  }
}

fragment CompanyFinancials_query_Ux1x9 on Query {
  company(companySlug: $companyName) {
    ...NonERCompanyNumbers_query
    ...CompanyNumbers_query
    defaultInstrument {
      coreId
      id
    }
    id
  }
}

fragment CompanyHeader_query_Ux1x9 on Query {
  company(companySlug: $companyName) {
    id
    companyInsref
    name
    viewerIsFollowing
    followersCount
    isCorporateCustomer
    hasPinpointData
    hasDividendHistory
    sector {
      sectorname
      industry
    }
    regions
    extensiveExists
    researchContentExists
    defaultInstrument {
      symbol
      priceData {
        tradeCurrency
        lastPrice
        diff1dPercentage
      }
      marketplace {
        name
      }
      estimates: estimateTransactions(first: 1, includeQuarters: false) {
        date
      }
      nonERCompanyNumberSet(first: 1, includeQuarters: false) {
        year
      }
      id
    }
    topOwners {
      holders {
        name
      }
    }
    transactions: insiderTransactions(filter: {types: [BUY, SELL, SUBSCRIPTION]}) {
      edges {
        node {
          date
          id
        }
      }
    }
  }
}

fragment CompanyInsiderTransactions on Company {
  name
  regions
  insiderTransactions(filter: {types: [BUY, EXERCISE_OF_SHARE_OPTION, PLEDGE, RECEPTION_OF_SHARE_PREMIUM, SELL, SUBSCRIPTION]}) {
    edges {
      node {
        insider
        position
        volume
        price
        date
        unit
        type
        relatedParty
        id
      }
    }
  }
}

fragment CompanyInvestorConsensus_query_Ux1x9 on Query {
  company(companySlug: $companyName) {
    name
    companyInsref
    id
  }
}

fragment CompanyMetaData_Ux1x9 on Query {
  company(companySlug: $companyName) {
    name
    description
    pageUrl
    defaultInstrument {
      estimateData {
        modelType
      }
      id
    }
    id
  }
}

fragment CompanyName_Slug on Company {
  slug
}

fragment CompanyNumbers_query on Company {
  name
  defaultInstrument {
    estimateData {
      modelType
      reportingCurrency
    }
    estimateTransactions(first: 1, includeQuarters: true) {
      comparisonIndexName
      actualized {
        year
        quarter
        revenue
        revenueGrowth
        ebitda
        ebitAdjusted
        ebitReported
        preTaxProfit
        netEarnings
        epsReported
        epsAdjusted
        dividend
        payoutPercentage
        roePercent
        roiPercent
        enterpriseValue
        bookValue
        marketCap
        gearingPercent
        equityRatio
        dividendYield
        totalCosts
        loanLosses
        balanceSheetTotal
        tangibleBook
        cet1
        rwa
        sharePrice
        sharesTotal
        nav
        navPerShare
        opexOfNav
        totalShareholderReturn
        comparisonIndexReturn
        netDebtTotalAsset
        quarterlySharePrice
      }
      estimates {
        year
        quarter
        revenue
        revenueGrowth
        ebitda
        ebitAdjusted
        ebitReported
        preTaxProfit
        netEarnings
        epsReported
        epsAdjusted
        dividend
        payoutPercentage
        roePercent
        roiPercent
        enterpriseValue
        bookValue
        marketCap
        gearingPercent
        equityRatio
        dividendYield
        totalCosts
        loanLosses
        balanceSheetTotal
        tangibleBook
        cet1
        rwa
        sharePrice
        sharesTotal
        nav
        navPerShare
        opexOfNav
        totalShareholderReturn
        comparisonIndexReturn
        netDebtTotalAsset
        quarterlySharePrice
      }
    }
    id
  }
}

fragment CompanyOverviewGraphs_query_Ux1x9 on Query {
  company(companySlug: $companyName) {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      companyTransactions: estimateTransactions(first: 1, includeQuarters: false) {
        actualized {
          year
          revenue
          ebitAdjusted
          epsAdjusted
          dividendYield
          navPerShare
          totalShareholderReturn
        }
        estimates {
          year
          revenue
          ebitAdjusted
          epsAdjusted
          dividendYield
          navPerShare
          totalShareholderReturn
        }
      }
      id
    }
    id
  }
}

fragment CompanyOwners on Company {
  regions
  topOwners {
    recordDate
    compareDate
    source
    holders {
      name
      capitalPercent
      votingPowerPercent
      totalShares
      positionChange
      totalSharesChange
      shareChange
      isNew
      isRemoved
    }
  }
}

fragment CompanyOwnership_query_Ux1x9 on Query {
  company(companySlug: $companyName) {
    name
    ...CompanyOwners
    ...CompanyInsiderTransactions
    id
  }
}

fragment CompanyPageBottom_query_2bVJwf on Query {
  ...GeneralFeed_data_3NXCcw
  ...CompactFeed_3NXCcw
  ...UpcomingEventsQuery_Ux1x9
  ...RiskRecommendMatrix_query_Ux1x9
  ...CompanyOverviewGraphs_query_Ux1x9
  ...NonERCompanyOverviewGraphs_query_Ux1x9
  company(companySlug: $companyName) {
    companyInsref
    ...ForumUpdates_Company
    defaultInstrument {
      coreId
      id
    }
    id
  }
  allFeed: feedContent(first: 1, companySlug: $companyName, filter: {hideUpcomingVideos: true}) {
    edges {
      node {
        __typename
        id
      }
    }
  }
  main: feedContent(first: 1, companySlug: $companyName, filter: {hideUpcomingVideos: true, types: [COMPANY_REPORT, EXTENSIVE_COMPANY_REPORT, ANALYST_COMMENT, VIDEO, ARTICLE]}) {
    edges {
      node {
        __typename
        id
      }
    }
  }
  webcasts: feedContent(first: 1, companySlug: $companyName, filter: {hideUpcomingVideos: true, types: [WEBCAST]}) {
    edges {
      node {
        __typename
        id
      }
    }
  }
  thirdPartyResearch: feedContent(first: 1, companySlug: $companyName, filter: {types: [THIRD_PARTY_COMPANY_REPORT]}) {
    edges {
      node {
        __typename
        id
      }
    }
  }
  releases: feedContent(first: 1, companySlug: $companyName, filter: {types: [STOCK_EXCHANGE_RELEASE, PRESS_RELEASE]}) {
    edges {
      node {
        __typename
        id
      }
    }
  }
}

fragment CompanyPageTop_query_Ux1x9 on Query {
  ...StockChart_ChartQuery_Ux1x9
  ...LatestReports_query_Ux1x9
  company(companySlug: $companyName) {
    isFund
    name
    ...CompanyCoverage_Company
    ...CompanyName_Slug
    ...CompanyDescription_Company
    ...FundNumbers_Company
    ...ChangePercentBlock_Company
    ...KeyEstimateFigures_Company
    ...InvestmentCompanyKeyFigures_Company
    defaultInstrument {
      id
      estimateData {
        modelType
      }
    }
    analysts {
      name
      id
    }
    id
  }
  extensiveReport: feedContent(first: 1, companySlug: $companyName, filter: {types: [EXTENSIVE_COMPANY_REPORT]}) {
    edges {
      node {
        __typename
        id
      }
    }
  }
  analysis: feedContent(first: 1, companySlug: $companyName, filter: {types: [COMPANY_REPORT, EXTENSIVE_COMPANY_REPORT], tagNames_nin: ["Mallisalkku", "Arvonluojat"]}) {
    edges {
      node {
        __typename
        id
      }
    }
  }
  analysisArvonluojat: feedContent(first: 1, companySlug: $companyName, filter: {types: [COMPANY_REPORT, EXTENSIVE_COMPANY_REPORT], tagNames_nin: ["Mallisalkku"]}) {
    edges {
      node {
        __typename
        id
      }
    }
  }
}

fragment CompanyTagList on Company {
  pageUrl
  name
  viewerIsFollowing
}

fragment Company_query_1TiJKa on Query {
  ...CompanyHeader_query_Ux1x9
  ...CompanyOwnership_query_Ux1x9 @include(if: $includeOwnership)
  ...CompanyFinancials_query_Ux1x9 @include(if: $includeEstimates)
  ...CompanyDividend_query_Ux1x9 @include(if: $includeDividend)
  ...CompanyInvestorConsensus_query_Ux1x9
  ...CompanyPageTop_query_Ux1x9 @include(if: $includeOverview)
  ...CompanyPageBottom_query_2bVJwf @include(if: $includeOverview)
  ...CompanyDisclaimer_query_Ux1x9
  ...Extensive_query_3u4Ry5
  ...ResearchContent_query_14bL89
}

fragment Extensive_query_3u4Ry5 on Query {
  company(companySlug: $companyName) {
    extensive(extensiveId: $extensiveId, snapshotDate: $snapshotDate) {
      publishedAt
      pageUrl
      pdfUrl
      content {
        id
        title
        lang
        slug
        htmlBody
        publishedAt
        createdAt
        changedAt
        isOutdated
      }
    }
    id
  }
}

fragment ForumUpdates_Company on Company {
  name
  forum {
    threadUrl
    highlightedPosts {
      url
      author
      authorImgUrl
      text
      postedAt
      likesCount
    }
  }
}

fragment FundNumbers_Company on Company {
  defaultInstrument {
    isin
    symbol
    priceData {
      lastPrice
      ath
    }
    id
  }
}

fragment GeneralFeed_data_3NXCcw on Query {
  generalFeed: feedContent(first: 20, companySlug: $companyName, filter: {types: $feedTypes}) {
    edges {
      node {
        __typename
        id
        ...Teaser_content
        ...TeaserCompact_content
      }
      cursor
    }
    pageInfo {
      endCursor
      hasNextPage
    }
  }
}

fragment InvestmentCompanyKeyFigures_Company on Company {
  marketData {
    marketCap
  }
  defaultInstrument {
    priceData {
      tradeCurrency
      dailyTurnover
    }
    estimateData {
      modelType
    }
    estimateTransactions(first: 1, includeQuarters: true) {
      actualized {
        year
        quarter
        sharesTotal
        marketCap
        nav
        navPerShare
        dividendYield
        quarterlySharePrice
      }
      estimates {
        year
        quarter
        dividendYield
      }
    }
    id
  }
}

fragment KeyEstimateFigures_Company on Company {
  marketData {
    marketCap
  }
  defaultInstrument {
    priceData {
      tradeCurrency
      dailyTurnover
      lastPrice
      marketCap
    }
    sector
    fundamentalData {
      ebit
      eps
      sales
      dividend
    }
    estimateData {
      modelType
      estimates {
        firstEstimateYear {
          year
          bookValue
          netSales
          dividendA
          epsAdjusted
          ebitAdjusted
          hybridLoan
          noOfShares
          netDebt
          mvMinorities
          mvAssociated
          roePercent
        }
      }
    }
    estimatesSharePrice: estimateTransactions(first: 1) {
      estimates {
        sharePrice
      }
    }
    id
  }
}

fragment LatestReports_query_Ux1x9 on Query {
  extensiveReport: feedContent(first: 1, companySlug: $companyName, filter: {types: [EXTENSIVE_COMPANY_REPORT]}) {
    edges {
      node {
        __typename
        createdAt
        pageUrl
        id
      }
    }
  }
  analysis: feedContent(first: 1, companySlug: $companyName, filter: {types: [COMPANY_REPORT, EXTENSIVE_COMPANY_REPORT], tagNames_nin: ["Mallisalkku", "Arvonluojat"]}) {
    edges {
      node {
        __typename
        createdAt
        pageUrl
        id
      }
    }
  }
  analysisArvonluojat: feedContent(first: 1, companySlug: $companyName, filter: {types: [COMPANY_REPORT, EXTENSIVE_COMPANY_REPORT], tagNames_nin: ["Mallisalkku"]}) {
    edges {
      node {
        __typename
        createdAt
        pageUrl
        id
      }
    }
  }
}

fragment NonERCompanyNumbers_query on Company {
  name
  defaultInstrument {
    nonERNumberSet: nonERCompanyNumberSet(includeQuarters: true) {
      year
      quarter
      revenue
      ebitda
      ebitReported
      epsReported
      dividend
      sharesTotal
      roe
      roi
      enterpriseValue
      marketCap
      gearingRatio
      equityRatio
      dividendYield
      sharePrice
      currency
      evSales
      evEbitda
      evEbit
      pb
      netIncome
      ptp
    }
    id
  }
}

fragment NonERCompanyOverviewGraphs_query_Ux1x9 on Query {
  company(companySlug: $companyName) {
    defaultInstrument {
      overviewGraphsData: nonERCompanyNumberSet(includeQuarters: false) {
        year
        revenue
        ebitReported
        epsReported
        dividend
        dividendYield
        currency
      }
      id
    }
    id
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ResearchContent_query_14bL89 on Query {
  company(companySlug: $companyName) {
    slug
    researchContentFeed @include(if: $includeResearchContent) {
      __typename
      id
      ...Teaser_content
    }
    researchContentIds @include(if: $includeResearchContent)
    researchContent(researchId: $researchId) @include(if: $includeResearchContent) {
      researchId
      researchTitle
      publishedAt
      pageUrl
      content {
        id
        title
        lang
        slug
        htmlBody
        publishedAt
        createdAt
        changedAt
        isOutdated
      }
    }
    id
  }
}

fragment RiskRecommendMatrix_query_Ux1x9 on Query {
  company(companySlug: $companyName) {
    defaultInstrument {
      riskData: estimateTransactions(first: 1) {
        businessRisk
        valuationRisk
      }
      id
    }
    id
  }
}

fragment StockChart_ChartQuery_Ux1x9 on Query {
  company(companySlug: $companyName) {
    isFund
    defaultInstrument {
      coreId
      id
      marketOpen
      marketClose
      marketplace {
        region
      }
      priceData {
        lastPrice
      }
      returns {
        day
        week
        month
        threeMonths
        sixMonths
        year
        threeYears
        fiveYears
        tenYears
        ytd
        total
      }
    }
    id
  }
}

fragment TargetAndRecommendation_Company on Instrument {
  estimateData {
    modelType
    researchCurrency
    estimates {
      date
      recommendation
      targetPrice
    }
  }
}

fragment TeaserCompact_content on Content {
  __isContent: __typename
  __typename
  id
  type
  title
  createdAt
  isPremium
  pageUrl
  lang
  companies {
    ...CompanyTagList
    id
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
  ...AuthorList
}

fragment TeaserExtraCompact_content on Content {
  __isContent: __typename
  id
  title
  createdAt
  pageUrl
  lang
  companies {
    name
    pageUrl
    viewerIsFollowing
    id
  }
}

fragment Teaser_content on Content {
  __isContent: __typename
  __typename
  id
  type
  title
  createdAt
  pageUrl
  imgUrl
  isPremium
  lang
  companies {
    ...CompanyTagList
    id
  }
  publishers {
    imgUrl
  }
  authors {
    __typename
    id
  }
  ... on AnalystComment {
    preview
  }
  ... on Article {
    preview
  }
  ... on CompanyReport {
    preview
  }
  ... on ThirdPartyCompanyReport {
    preview
  }
  ... on QA {
    preview
  }
  ... on Video {
    preview
    liveTime
    videoDuration
  }
  ... on Webcast {
    preview
    liveTime
  }
  ...AuthorList
  ...Reactions
}

fragment UpcomingEventsQuery_Ux1x9 on Query {
  company(companySlug: $companyName) {
    defaultInstrument {
      calendarEvents(first: 10) {
        edges {
          node {
            date
            type
            period
            id
          }
        }
      }
      id
    }
    id
  }
}


name

description

pageUrl

defaultInstrument

companyInsref

viewerIsFollowing

followersCount

isCorporateCustomer

hasPinpointData

hasDividendHistory

sector

regions

extensiveExists

researchContentExists

topOwners

insiderTransactions

isPayingCustomerOf

isFormerCustomerOf

extensive

slug

feedContent

Netcompany Group

Transactions in connection with share buyback programme

Reduction of Share Capital in Netcompany Group A/S

Digia

Digital Workforce

Gofore

Netum Group

Siili Solutions

Solteq

Vincit

Witted Megacorp

Columbus

Trifork Group

Avensia

Addnode Group

Bouvet

B3 Consulting Group

CAG Group

CombinedX

Exsitec Holding

Knowit

NNIT

Proact IT Group

Webstep

Nordic IT sector: Getting better, but not quite at 20 yet

Netcompany raises full-year margin guidance for 2026

How AI is affecting our industry - Q&A with CEO André Rogaczewski

Decisions of the Annual General Meeting 2026

Notice to convene the Annual General Meeting 2026

Reporting of transactions made by persons discharging managerial responsibilities

Launch of share buyback programme

Netcompany - Interim report for the 12 months ended 31 December 2025 and Annual Report 2025

Final transactions in connection with share buyback programme

Major shareholder announcement

Head of Research, Stables

Rasmus Køjborg

Equity Research Analyst

Philip Coombes

NASDAQ Copenhagen

Netcompany Group is an IT company. The company specializes in consulting services and business-critical IT solutions, including internal systems development, big data management, mobile apps, analysis services, and E-commerce solutions. The customers can be found in several sectors, including finance, industry, authorities, and institutes. Netcompany was founded in 2000 and has its headquarters in Copenhagen.

Netcompany has been at the very forefront of the European IT services sector for years. Organic growth has been good, and profitability, in particular, has been strong. The company has approximately 9,500 experts, and for comparison, Tietoevry has just under 15,000, Gofore 1,700, and Siili just under 1,000 experts at the end of Q3’25. Overview   Business Area: Netcompany is a Danish IT services company specializing in critical IT projects related to digital transformation. It offers services for the development and implementation of digital platforms, core systems, and infrastructure.   Clients: Netcompany serves both public and private sector clients. For example, in Denmark, it has achieved a strong position in the public sector (more details in the charts below).   Geographical Presence: In addition to a strong Danish foundation, the company has expanded into Europe. Important markets include the UK, Norway, and the Netherlands (more details in the charts below). With the acquisition of Intrasoft International in 2021, it has also expanded its operations to Greece and Belgium. With the latest SDC acquisition, it expanded to serve clients in the banking sector.   Growth Strategy: The company aims to grow both organically and through strategic acquisitions, which allow it to expand into new markets and strengthen its position in existing markets.

Here is also the development of the company’s valuation level (Tikr.com). Historically, the company was one of the highest-valued companies in the sector and still is, which was justified by excellent operational performance.    Here is also the development of the company’s key figures. As can be seen, the strong revenue growth that continued from 2021 has practically no longer translated into profit. The reason for this is that the company’s profitability level was exceptionally high and not sustainable.  Here is also the development of EBITA-% and return on capital (ROIC)  The share price is almost at the 2019 level  Our associate company HCA has also created a One-pager about the company                   Inderes              Netcompany (One-pager): Solid Q1 2025 growth with guidance maintained  - Inderes    Read the latest Netcompany One-pager following the Q1 2025 results. The first quarter of 2025 marked a strong start to the year for Netcompany, with 9.1% revenue growth y/y with an adjusted EBITDA margin of 17.6% (2.2 pp improvement y/y). Growth was...

Today, Netcompany released its Q3 figures. Strong 22 with 20 rules (organic growth 8% and adj. EBITA 14). Clear cost synergies from SDC. In addition, a refinement/narrowing of the guidance. Revenue slightly exceeded consensus expectations, and adj. organic EBITDA exceeded consensus expectations by 6%. The markets seem to have liked the Q3 report and financial targets, as the share price is up 2.5% at the time of writing. Summary  Netcompany’s organic revenue grew by 8.2% (adjusted for currency fluctuations 8.5%) to DKK 1,746.9 million in the third quarter of 2025. Reported revenue grew by 34.3% (adjusted for currency changes 34.6%) to DKK 2,167.8 million in the quarter. Organic adjusted EBITDA grew by 8.5% (adjusted for currency fluctuations 8.2%) to EUR 332.3 million in the third quarter of 2025, resulting in an organic adjusted EBITDA margin of 19% (adjusted for currency fluctuations 18.9%) – in line with the corresponding quarter last year. Reported adjusted EBITDA grew by 17.3% to DKK 359.3 million in the third quarter of 2025. Netcompany Banking Services negatively impacted the adjusted EBITDA margin by 2.5 percentage points. Over the next three years, Netcompany expects to gradually realize cost synergies, which are expected to amount to DKK 300–350 million per year by 2028, compared to SDC’s 2024 cost base. The average full-time equivalent staff count was 9,482, of which Netcompany Banking Services accounted for 911 FTEs. Leverage was 1.7x in Q3 2025. Netcompany raises and narrows the lower end of its full-year financial guidance and expects organic revenue growth of 6–8% (previously 5–10%) and an organic adjusted EBITDA margin of 16–18%. Inorganic revenue achieved through Netcompany Banking Services is expected to be DKK 840–870 million for the full year. Regarding the inorganic adjusted EBITDA margin, we expect Netcompany Banking Services to generate a result of DKK 35–40 million in 2025 (six months), as cost synergies affecting 2025 are limited.

The Capital Markets Day was a bit disappointing, as concrete details after the financial targets were scarce. The previous Capital Markets Day was very fruitful. The main message now, however, is that the company is strongly transitioning from a service house to a platform and solution/product house. The strategy now is to accelerate growth and profitability by transitioning from a pure IT service model to a hybrid model, accelerating expansion into scalable products and platforms with our related expertise.  The revenue source has clearly shifted from the IT service model and is based on platforms, customer vertical solutions built on top of them, and further customer-specific customizations.  Netcompany’s platforms are Pulse, Amplio, and AMI, and these are combined with EASLEY AI. The company went through its various products, but unfortunately, concrete details remained scarce.   Regarding acquisitions, after the Intrasoft acquisition, the focus has changed, and the company will only acquire scalable IT solutions going forward. Payback target 5 years, max 7 years. Must be EPS-accretive within 2 years. Profitability improvement will come in the medium term from SDC cost synergies and rising market margins.

Inderes              Pohjoismainen IT-sektori: Parempaan päin, mutta ei vielä 20-kunnossa - Inderes    Suomessa liikevaihdon kehitys kääntyi loppuvuonna pitkästä aikaa muita pohjoismaita paremmaksi.                             I started researching this thread again after reading Joni’s review of the Nordic IT sector.   The difficult market situation throughout 2025 is reflected in the fact that in the Nordic countries, only a couple of listed IT service sector companies achieved excellent performance measured by the 20-rule. The best performance in the sector was achieved by the consistent performer Netcompany (21%), which is an excellent performance in our long-term outlook.  Since the beginning of the thread, the share price has risen nicely:   On March 26, the following announcement was released:  Company announcement – inside information  No. 20/2026 26 March 2026 Netcompany raises full-year margin guidance for 2026 Netcompany’s continued focus on delivery excellence and implementation, supported by the ongoing embedding of AI capabilities into our methodology has led to increased expectation for adjusted EBITDA margin for the full-year 2026. “As a leading European provider of complex IT solutions in regulated environments across public and private sectors, we constantly strive to become better at what we do. The continuous investment over recent years in AI-embedded platforms and products and responsible AI executable methodology has positioned Netcompany as a European leader in delivering and/or renovating highly complex high-quality systems on time and within budget with reduced risk. We are closely monitoring progress in these areas and finalising the first quarter of 2026 with a promising outlook. Based on current initiatives we see significant potential for accelerated and ongoing improvements as further initiatives are introduced throughout the Group.” André Rogaczewski,  Netcompany CEO and Co-founder For the full-year 2026, Netcompany now expects an adjusted EBITDA margin excluding Netcompany Banking Services (NBS) between 17% and 20% (previously between 16% and 19%). This implies an adjusted EBITDA margin including NBS between approximately 16% and 19% (previously between 15% and 18%).                    Inderes              Netcompany raises full-year margin guidance for 2026 - Inderes    Company announcement – inside information No. 20/2026 26 March 2026 Netcompany raises full-year margin guidance for 2026 Netcompany’s continued focus on delivery excellence and implementation...                              Then here’s a little Q4 report  (after which the positive announcement above came out)                       Inderes              Netcompany - Interim report for the 12 months ended 31 December 2025 and...    Company announcement No. 07/2026 3 February 2026 Netcompany - Interim report for the 12 months ended 31 December 2025 and Annual Report 2025 Continued growth, margin improvement and acceleration...                             Full Q4 report https://ml-eu.globenewswire.com/Resource/Download/2dc653b6-1ef2-487b-ab10-f62e4dab23b3  I’m trying to activate discussion with these “highlights” and so on.  From the analyses and articles I’ve read, Netcompany seems quite impressive and uniquely distinguished, for example, it has strong expertise especially in public sector digital transformation, and apparently its own products and platforms support this well. The company gives the impression of being agile, even though it’s not a small firm, and at the same time it has the resources of a large stable company, which seems to be in a good position to benefit from new trends in the industry, if I can trust the texts I’ve read.   It’s almost half a year since Frans’s message below, and the share price has fluctuated (a lot), but it mentions valuations. It’s a highly valued company for a reason, but I don’t know if it’s already too expensive after the most recent surges.

Shortly before the small market crash, Netcompany CEO also shared some insights https://www.reuters.com/plus/raising-your-profile-worldwide/agentic-ai-will-split-the-it-market-into-winners-and-losers

AC NC Holding

The Capital Group

Joni Grönqvist

Netcompany Group

380.00 DKK

+4.11 %