Brief: Netcompany Narrows Rev Growth Expectation For Rest Of 2023

Netcompany A/S

02/11/2023 06:46

Nov 2 (Reuters) - Netcompany Group A/S  NETCG.CO :
    * INTERIM REPORT FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2023
    * OUTLOOK: BASED ON REALISED PERFORMANCE AND OUTLOOK FOR
REMAINING
PART OF 2023, WE NARROW OUR EXPECTATION TO REVENUE GROWTH TO
BETWEEN 8% AND 10%
    * OUTLOOK: WE EXPECT MARGIN TO BE REALISED IN LOWER END OF
GUIDED
RANGE OF 15% TO 18% - BOTH WITHIN ORIGINAL GUIDED TARGET RANGES
    * Q3 GROSS PROFIT MARGIN 27.5% VERSUS 34.9% YEAR AGO
    * WE REMAIN COMMITTED TO OUR MID-TERM FINANCIAL TARGETS
    * MARKET DEMAND FOR DIGITAL TRANSFORMATION REMAINS INTACT,
EXPECTATION THAT MORE PIPELINE CASES WILL BEGIN TO CONVERT
DURING Q4 2023 AND INTO Q1 2024
    * REASON FOR THE DECLINE IN ADJUSTED EBITDA MARGIN WAS LOWER
UTILISATION, HOWEVER, THIS IS EXPECTED TO IMPROVE DURING Q4

Source text for Eikon:  ID:nGNE6dSj2n 
Further company coverage:  NETCG.CO 

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