Brief: NNIT Q2 Operating Profit Down At DKK 25 Million

Nnit A/S

13/08/2020 07:37

Aug 13 (Reuters) - NNIT A/S  NNIT.CO :
    * REVENUE DECREASED BY 5.7% IN Q2 2020 COMPARED TO Q2 2019
    * GUIDANCE FOR 2020 IS MAINTAINED
    * COVID-19 WAS SEEN TO MAINLY IMPACT NNIT'S PROJECT BUSINESS IN APRIL AND MAY WHILST GROWTH
RETURNED TO MORE NORMAL LEVELS IN JUNE
    *  DUE TO CONTINUED UNCERTAINTY REGARDING COVID-19 IMPACT ON 2020 ACTIVITY LEVEL THERE IS AN
INCREASED LIKELIHOOD THAT REVENUE GROWTH AND OPERATING PROFIT MARGIN WILL END IN LOWER END OF
GUIDANCE INTERVALS
    *  BOARD OF DIRECTORS HAS DECIDED TO PAY AN INTERIM DIVIDEND FOR 2020 OF DKK 2.00 PER SHARE
CORRESPONDING TO DKK 49.4 MILLION
    * Q2 REVENUE DKK  701 MILLION VERSUS DKK 744 MILLION YEAR AGO
    * Q2 OPERATING PROFIT DKK 25 MILLION VERSUS DKK 44 MILLION YEAR AGO

Source text for Eikon:  ID:nGNE7qk8wT 
Further company coverage:  NNIT.CO 

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