Brief: Netcompany Group Q4 Gross Profit Margin Rises To 34.2%

Netcompany A/S

25/01/2023 06:46

Jan 25 (Reuters) - Netcompany Group A/S  NETCG.CO :
    * INTERIM REPORT FOR THE 12 MONTHS ENDED 31 DECEMBER 2022
AND
ANNUAL REPORT 2022
    * Q4 GROSS PROFIT MARGIN WAS 34.2% AGAINST 33.5% IN Q4 2021.
    * OUTLOOK 2023: EXPECTS REVENUE GROWTH IN CONSTANT
CURRENCIES OF
BETWEEN 8% AND 12% - ALL ORGANIC.
    * FOR 2023, NETCOMPANY EXPECTS REVENUE GROWTH IN CONSTANT
CURRENCIES OF BETWEEN 8% AND 12% - ALL ORGANIC
    * ENDED YEAR STRONG AND IN LINE WITH OUR EXPECTATIONS DRIVEN
BY
CONTINUED STRONG PERFORMANCE THROUGHOUT GROUP, PARTICULARLY IN
NETCOMPANY-INTRASOFT AND UK
    * ADJUSTED EBITDA MARGIN MEASURED IN CONSTANT CURRENCIES IS
EXPECTED TO BE BETWEEN 15% AND 18%.
    * DESPITE UNPRECEDENTED HIGH UNCERTAINTY OBSERVED IN 2022,
WE
REALISED CLOSE TO 53% REVENUE GROWTH AND A MARGIN ABOVE 20% - AS
OUTLINED IN BEGINNING OF 2022
    * FROM A MACROECONOMIC PERSPECTIVE, 2023 LOOKS TO BE EVEN
MORE
CHALLENGING THAN LAST TWO YEARS
    * OUTLOOK 2023: LOOKS TO BE EVEN MORE CHALLENGING THAN LAST
TWO
YEARS, WHICH IS REFLECTED IN OUR EXPECTATIONS FOR FINANCIAL
PERFORMANCE
    * OUTLOOK 2023: DESPITE GLOOMY OUTLOOK WE STILL EXPECT TO
GROW
BETWEEN 8% AND 12%
    * WILL CONTINUE TO MAKE INVESTMENTS INTO FUTURE PROOFING OUR
OFFERINGS AND SOLUTIONS AND HENCE EXPECT OUR MARGINS TO BE
BETWEEN 15% AND 18% NEXT YEAR
    * NO DIVIDENDS ARE CURRENTLY PROPOSE FOR THE YEAR 2022
    * IN 2023, NETCOMPANY EXPECTS TO UTILISE FREE CASHFLOW TO
DELEVERAGE AND HENCE HAVE NO PLANS FOR PROPOSING DIVIDENDS OR
INITIATE ADDITIONAL SHARE BUYBACK PROGRAMMES
    * OUTLOOK 2023:  ANTICIPATES THAT RECESSION WILL LEAD TO
MORE
“WAIT AND SEE” SITUATIONS RELATED TO DECISIONS ON WHEN TO
INITIATE NEW PROJECTS WITH CUSTOMERS, WHICH POTENTIALLY WILL
HAVE NEGATIVE IMPACT ON REVENUE GROWTH AND MARGIN

Source text for Eikon:  ID:nGNE8LzqJZ 
Further company coverage:  NETCG.CO 
 (Gdansk Newsroom)
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