Brief: Netcompany Q1 Adjusted EBITA Rises To DKK 216.3 Mln

Netcompany A/S

06/05/2021 06:42

May 6 (Reuters) - Netcompany Group A/S  NETCG.CO :
    * NETCOMPANY - INTERIM REPORT FOR THE THREE MONTHS ENDED 31
MARCH
2021
    * FOR 2021, NETCOMPANY MAINTAINS EXPECTATIONS TO REVENUE
GROWTH IN
CONSTANT CURRENCIES OF BETWEEN 15% AND 20% AND ADJUSTED EBITA
MARGIN OF BETWEEN 23% AND 25%
    * IN Q1 2021, REVENUE GREW ORGANICALLY BY 23% IN CONSTANT
CURRENCIES TO DKK 855.8M COMPARED TO THE SAME PERIOD LAST YEAR.
IN REPORTED CURRENCIES REVENUE GREW 22.9%.
    * BASED ON THE PERFORMANCE REALISED IN Q1 2021 IT IS MORE
LIKELY
THAT FULL YEAR PERFORMANCE WILL END IN THE UPPER END OF THE
GUIDED RANGE THAN IN THE LOWER END OF THE GUIDED RANGE
    * Q1 ADJUSTED EBITA GREW 31.9% TO DKK 216.3M CORRESPONDING
TO AN
ADJUSTED EBITA MARGIN OF 25.3% COMPARED TO 23.6% IN Q1 2020.
    * Q1 GROSS PROFIT MARGIN WAS 38.1% AGAINST 39.5% IN Q1 2020
    * I REMAIN CONFIDENT THAT NETCOMPANY IS ON THE RIGHT PATH
AND WELL
POSITIONED TO BECOME A NORTHERN EUROPEAN MARKET LEADER WITHIN IT
SERVICES - CEO

Source text: https://bit.ly/3xOZc6i
Further company coverage:  NETCG.CO 

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