Netcompany crowns STOXX on Q3 beat

Netcompany A/S

03/11/2022 09:27

**  Shares in Netcompany  NETCG.CO  rise 20% after the
Danish IT services provider beat Q3 estimates and narrowed its
FY guidance
    ** The company reports adj. EBITA at DKK 275.5 mln ($36.1
mln), against DKK 199.9 mln a year earlier
    ** "NETC reported strong Q3 results with revenues and
adjusted EBITDA coming in 2% / 10% ahead of consensus," says
Citi
    ** "The firm has tweaked the guidance within the previous
range – with consensus at the lower end of the range on revenues
and below the guidance on margins we expect the update would
result in upward revision in estimates," adds the brokerage
    ** Netcompany is the top gainer on STOXX 600 index  .STOXX  
($1 = 7.6291 Danish crowns)
 (Reporting by Agnieszka Gosciak-Rabalska)
 ((Agnieszka.Gosciak@thomsonreuters.com))