NNIT - Presentation of annual report 2022

NNIT released its annual report on 23 March 2023. On 29 March 2023 at 12:00 (CET), NNIT’s management will present the results followed by a Q&A session at a virtual live event.

In 2022, NNIT grew its topline on its continuing business by 10% and experienced better growth in the second half of 2022 with most of the growth driven by acquisitions. In 2022, NNIT realized an operating loss (EBIT) of DKK 7m, which is a level that is still affected by the carve-out costs of the divested business.

For 2023, NNIT expects revenue to grow by around 10% and realize an EBIT margin of approx. 5%. The latter is still influenced by the carve-out costs, especially seen in the light of the delayed divestment process. The closing of the divestment of the infrastructure business is now expected in Q2 2023 (instead of Q1 2023) due to a delayed FDI approval process with the Danish Business Authority.

NNIT A/S is a Danish-based information technology (IT) company engaged in consulting, development, and outsourcing. It dedicates its offer to life sciences companies, the public sector, finance institutions, and enterprises. NNIT is in the midst of a transformative process by 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 09:38, 24 March 2023.