Netcompany drops 17% after Q4 miss, 'disappointing' guidance

Netcompany A/S

28/01/2025 09:05

** Netcompany Group's  NETCG.CO  shares slump around 17% to
August lows after the Danish IT company reported Q4 revenue and
earnings miss, with analysts noting also a "disappointing"
guidance
    ** ABG Sundal Collier analyst Mikkel Kousgaard Rasmussen
says there were "basically no positives" in the results
    ** Rasmussen also points to "very disappointing FY 2025
guidance, no new buybacks, high multiple stock" as reasons for
the share price move
    ** Jyske Bank's Anders Haulund Vollesen flags
"disappointing" Q4 growth in several markets 
    ** Vollesen also notes that the midpoint of EBITDA guidance
is about 9% below expectations and sees Netcompany's revenue
target of over DKK 8.5 billion as "something that will be
difficult to achieve at the moment"
    ** If losses hold, the stock will see its worst day in two
years

 (Reporting by Vera Dvorakova)
 ((vera.dvorakova@thomsonreuters.com))