Denmark's Netcompany misses Q2 revenue estimates, lifts FY revenue growth forecast

Netcompany A/S

13/08/2026 06:39

Overview
Denmark IT services firm's Q2 revenue grew 17% yr/yr but missed analyst expectations
Adjusted EBITDA for Q2 rose, with margin impacted by Netcompany Banking Services
Company raised full-year revenue guidance, citing accelerating AI adoption and broad-based growth

Outlook
Netcompany raises 2026 group revenue growth guidance to 16%-20.5% from 15%-20%
Company lifts 2026 revenue growth outlook excluding Banking Services to 6.5%-10.5%
Netcompany maintains 2026 group adjusted EBITDA margin guidance at 16%-19%

Result Drivers
AI-POWERED OFFERINGS - Co said accelerated adoption of its AI-powered products and platforms drove Q2 revenue growth
UK AND EU GROWTH - Co said revenue growth was broad-based, with particularly strong performance in the UK and SEE & EUI segment, driven by increased EU Commission investments in digitalisation and AI
BANKING SERVICES MARGIN IMPACT - Netcompany Banking Services negatively impacted group adjusted EBITDA margin by 1.2 percentage points in Q2

Company press release: ID:nGNE3CNp3H

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
DKK 2.01 bln
DKK 2.31 bln (4 Analysts)
Q2 Adjusted EBITDA
 
DKK 289.60 mln
 
Q2 Adjusted EBITDA Margin
 
14.40%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "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 DKK400.00, about 18.4% above its August 12 closing price of DKK337.80
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 17 three months ago

Reuters Recommended Reads
Aug 12 - Denmark's Wirtek Q2 EBITDA jumps on lower staff costs, maintains 2026 revenue guidance
Aug 11 - Finland's Siili Solutions Q2 revenue falls, cuts guidance
Aug 12 - Similarweb beats Q2 estimates on AI demand, lifts FY outlook

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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.)