Brief: NNIT Announces Preliminary Q1 Results And Adjusted Financial Outlook

Nnit A/S

09/05/2019 08:10

May 9 (Reuters) - NNIT A/S  NNIT.CO :
    * REG-NNIT A/S: 7/2019 NNIT ANNOUNCES PRELIMINARY FINANCIAL
RESULTS FOR THE FIRST THREE MONTHS OF 2019 AND ADJUSTS THE
COMPANY’S FINANCIAL OUTLOOK
    * REG-NNIT A/S: 7/2019 NNIT ANNOUNCES PRELIMINARY FINANCIAL
RESULTS FOR THE FIRST THREE MONTHS OF 2019 AND ADJUSTS THE
COMPANY’S FINANCIAL OUTLOOK
    * GUIDANCE FOR REVENUE GROWTH OF 3-6% IN CONSTANT CURRENCIES
IS
MAINTAINED.
    * PRELIMINARY REVENUE GROWTH IN Q1 2019 IS 6.5% IN CONSTANT
CURRENCIES (7.4% IN REPORTED CURRENCIES) COMPARED TO SAME PERIOD
LAST YEAR.
    * GUIDANCE FOR OPERATING PROFIT MARGIN IN CONSTANT
CURRENCIES IS
REDUCED FROM 10-10.5% TO 8-9%.
    * BASED ON PRELIMINARY FINANCIAL RESULTS FOR Q1 2019,
OPERATING
PROFIT MARGIN IS EXPECTED TO BE A DISAPPOINTING 6.3% IN CONSTANT
CURRENCIES (6.1% IN REPORTED CURRENCIES)
    * OPERATING MARGIN FOR FIRST THREE MONTHS OF 2019 IS VERY
DISAPPOINTING
    * SYNERGIES FROM NEW ORGANIZATION WILL BEGIN TO REALIZE IN
SECOND
HALF OF 2019 WITH FULL IMPACT IN 2020.
    * OUR OPERATING MARGIN FOR FIRST THREE MONTHS OF 2019 IS
VERY
DISAPPOINTING - CEO
    * WE STRIVE TO IMPROVE OUR GROSS PROFIT MARGIN - CEO
    * SYNERGIES FROM OUR NEW ORGANIZATION WILL BEGIN TO REALIZE
IN
SECOND HALF OF 2019 WITH FULL IMPACT IN 2020 - CEO

Source text for Eikon:  ID:nGNE37DDBx 
Further company coverage:  NNIT.CO 

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