Brief: Netcompany Group Q3 Adj. EBITDA Up At DKK 195.5 Mln

Netcompany A/S

06/11/2020 06:40

Nov 6 (Reuters) - Netcompany Group A/S  NETCG.CO :
    * INTERIM REPORT FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2020
    * ADJUSTED EBITA GREW 19.1% TO DKK 195.5M COMPARED TO DKK
164.1M
IN Q3 2019, CORRESPONDING TO AN ADJUSTED EBITA MARGIN OF 28.1%.
    * Q3 REVENUE DKK 699.1 MILLION VERSUS DKK 592.1 MILLION YEAR
AGO
    * Q3 ADJUSTED EBITA DKK 195.5 MILLION VERSUS DKK 164.1
MILLION
YEAR AGO
    * FOR 2021, NETCOMPANY EXPECTS REVENUE GROWTH OF BETWEEN 15%
TO
20%, STILL WITH A HIGH DEGREE OF UNCERTAINTY RELATED TO
CONTINUED IMPACT FROM COVID-19, AND ADJUSTED EBITA MARGINS
AROUND 25%
    * SECOND WAVE OF COVID-19 HAS A SIGNIFICANT NEGATIVE IMPACT
PARTICULARLY IN UK, AS CAUTIONED IN CONNECTION WITH Q2 2020
REPORT
    * NETCOMPANY EXPECTS REVENUE GROWTH TO BE AROUND 2
PERCENTAGE
POINTS LOWER THAN PREVIOUSLY EXPECTED, AND ADJUSTED EBITA MARGIN
TO BE AROUND 1 PERCENTAGE POINT LOWER THAN PREVIOUSLY EXPECTED.
    * FOR 2021, NETCOMPANY EXPECTS REVENUE GROWTH OF BETWEEN 15%
TO
20%, STILL WITH A HIGH DEGREE OF UNCERTAINTY RELATED TO
CONTINUED IMPACT FROM COVID-19, AND ADJUSTED EBITA MARGINS
AROUND 25%.
    * BASED ON CURRENT EXPECTATIONS FOR FULL YEAR PERFORMANCE,
NETCOMPANY EXPECTS TO REDISTRIBUTE AROUND DKK 100M TO
SHAREHOLDERS FOR FULL YEAR 2020 BY A COMBINATION OF DIVIDENDS
AND SHARE BUY BACKS, TO BE INITIATED IN 2021.

Source text for Eikon:  ID:nGNE112S9n 
Further company coverage:  NETCG.CO 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))