Netcompany slides as narrowed outlook disappoints

Netcompany A/S

18/08/2021 09:19

** Shares in Netcompany  NETCG.CO  fall 3.6% and are among
top fallers on STOXX 600  .STOXX  after the Danish IT group's
new organic growth outlook failed to cheer investors
    ** The company raises its expectations for 2021 organic
growth to 18-20% from 15-20% but keeps its outlook for FY EBITDA
 urn:newsml:reuters.com:*:nASN001K9G
    ** That is basically the same what they guided for in their
Q1 report, Jyske Bank analyst Anders Haulund Vollesen says, as
the company had expected to achieve "the higher range" of the
15-20% guidance
    ** In total the outlook is a disappointment to the market,
Vollesen says, adding that consensus expected an organic growth
of 20.2% in 2021
    ** Netcompany shares are up 21% YTD, mostly driven by
earlier strong Q1 performance  urn:newsml:reuters.com:*:nL8N2MT2W6
    
    
    

 (Reporting by Boleslaw Lasocki)
 ((boleslaw.lasocki@tr.com))