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 jvwa@nnit.com
Media relations: Rikke Dalager Head of Communications Tel: +45 3077 8080 rida@nnit.com
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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