Brief: Netcompany Maintains Expectations For Full Year

Netcompany A/S

16/08/2023 06:41

Aug 16 (Reuters) - Netcompany Group A/S  NETCG.CO :
    * INTERIM REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2023
    * MAINTAINS EXPECTATIONS FOR FULL YEAR.
    * ADJUSTED EBITDA WAS DKK 195.1M COMPARED TO DKK 188.8M IN Q2 2022.
    * IN Q2 2023, NETCOMPANY GREW REVENUE TO DKK 1,493.9M - EQUAL TO 14.4% GROWTH COMPARED TO Q2
2022
AND 15.7% IN CONSTANT CURRENCIES
    * Q2 GROSS PROFIT MARGIN WAS 27% VERSUS 27.9% IN Q2 2022
    * UNCERTAIN MARKET SITUATION, THAT IMPACTED OUR DANISH PRIVATE OPERATION IN PREVIOUS
QUARTER,
CONTINUED TO IMPACT OUR PRIVATE SEGMENT IN Q2.
    * IN ADDITION, WE CONTINUED TO WIN NEW PROJECTS BASED ON PROVEN PRODUCTS IN THE PUBLIC
SEGMENT,
WHICH MAKES ME CONFIDENT THAT WE WILL ACHIEVE OUR AMBITION FOR THIS YEAR AND OUR MID-TERM
TARGETS FOR 2026
    * DESPITE UNCERTAIN TIMES WE HAVE CONTINUED TO HIRE OUTSTANDING TALENT AND IN Q2 WE HAVE
REACHED
7,700 FULL TIME EMPLOYEES – AN INCREASE OF 14.6%

Source text for Eikon:  ID:nGNE25ShzG 
Further company coverage:  NETCG.CO 

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