Netcompany surges on positive 2024 outlook, Q4 results
25/01/2024 09:09
** Shares of Netcompany NETCG.CO rise 7.4% after the
Danish IT services provider posted its Q4 print, laying out a
positive outlook for 2024
** Company forecasts an optimistic 2024, fueled by
anticipated revenue growth of 7-10%, an adjusted EBITDA margin
of 15-18%, and the initiation of a share buyback programme worth
150 mln Danish crowns ($21.91 mln)
** Adds this is the first tranche of a larger DKK 2bn
planned share buyback programme
** CEO André Rogaczewski says company reaffirms its midterm
targets, backed by over 20% international growth and share
buyback
** Shares are on track for their best day since November
2022
($1 = 6.8467 Danish crowns)
(Reporting by Jesus Calero)
((gdansk.newsroom@thomsonreuters.com +48 58 769 66 00;))