Denmark's Netcompany meets Q3 revenue estimates, lifts 2026 revenue growth forecast

Netcompany A/S

29/10/2026 06:38

Overview
Denmark IT services firm's Q3 group revenue grew 8.1% yr/yr, meeting analyst expectations
Adjusted EBITDA margin rose to 17.9%, up 1.4 percentage points from last year
Company raised full-year 2026 revenue growth guidance

Outlook
Netcompany raises 2026 group revenue growth guidance to 18%-20.5% from 16%-20.5%
Company lifts 2026 revenue growth outlook for group ex-Banking Services to 8.5%-10.5% from 6.5%-10.5%
Netcompany maintains 2026 group adjusted EBITDA margin guidance at 16%-19%

Result Drivers
AI-POWERED OFFERINGS - Co said growth was driven by increased adoption of its AI-powered products and platforms by public and private customers
UK MARKET - Co highlighted strong growth in the UK, with revenue rising more than 42% yr/yr
FENIKS AI TOOL - Co said its Feniks AI orchestration tool gained traction due to security and sovereignty features

Company press release: ID:nGNE8xHFP9

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Meet
DKK 2.34 bln
DKK 2.34 bln (6 Analysts)
Q3 Adjusted EBITDA
 
DKK 420.10 mln
 
Q3 Adjusted EBITDA Margin
 
17.90%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for Netcompany Group A/S is DKK401.00, about 1.5% above its October 28 closing price of DKK395.20
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 14 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)