Netcompany: Slumps after guidance cut
06/11/2020 08:42
** Shares in Netcompany NETCG.CO fall 7% on Friday after
the Danish IT services provider cut FY financial outlook
** It now expects revenue growth and adjusted EBITA margin
to be lower by around 2 and 1 percentage points respectively vs
previous expectations urn:newsml:reuters.com:*:nASN000HYN
** Says COVID-19 had a significant negative impact
particularly in the UK
** Shares, which are the worst performer on pan-European
STOXX 600 index .STOXX , are set for the worst day since March
** Today's drop reduces gains to about 69 % YTD
((Tommyalexander.lund@thomsonreuters.com))