Netcompany: 'Broad based beat', shares up

Netcompany A/S

06/05/2021 09:00

** Shares in Netcompany  NETCG.CO  rise nearly 3% after the
Danish IT services provider reports strong Q1 results
 urn:newsml:reuters.com:*:nFWN2MS1W3
    ** It posts Q1 adjusted EBITA growing 31.9% to DKK 216.3
million ($34.97 million), adding FY performance is likely to end
in the upper end of the earlier guided range 
    ** Citi says Netcompany's Q1 results are strong with broad
based beat
    ** The broker adds though that consensus is already above
the company's guidance mid-point into the results, and hence
investors might see the unchanged outlook as conservative
    ** Including today's rise, the stock has gained 5.3%
year-to-date and is among top STOXX 600  .STOXX  performers



($1 = 6.1845 Danish crowns)

 ((marta.frackowiak@thomsonreuters.com))