Top-, bottom-line beats fuel Netcompany shares

Netcompany A/S

31/10/2024 08:36

** Netcompany  NETCG.CO  shares rise 8% after the Danish IT
company beat analysts' expectations on both top- and bottom-
line 
    ** Q3 revenues came in at DKK 1.61 billion ($234.31
million), 1% above consensus cited by Jyske Bank, driven by
Denmark and Norway
    ** July-Sept EBITDA was DKK 306.3 million, 3% ahead of
analysts' estimates 
    ** Netcompany also initiated another share buy-back
programme of DKK 250 million, bringing the total amount of
buy-backs 2024 to DKK 800 million 
    ** The group repeated its FY guidance of 7-10% topline
growth and 15-18% EBITDA margin, which Jyske sees as
conservative, given growth of 8% and an EBITDA margin of 17.1%
Netcomapny delivered in Q1-Q3
    ** The share is on track for its best day since January,
hitting its highest in over four months 





($1 = 6.8713 Danish crowns)

 (Reporting by)
 ((gdansk.newsroom@thomsonreuters.com;))