Brief: NNIT Q4 Net Profit Down At DKK 18 Mln

Nnit A/S

29/01/2021 07:40

Jan 29 (Reuters) - NNIT A/S  NNIT.CO :
    * REG-NNIT A/S: 01/2021 FINANCIAL REPORT FOR 2020
    * 2020 FINANCIAL PERFORMANCE IN LINE WITH GUIDANCE
    * Q4 REVENUE DECREASED BY 6.5% TO DKK 749M IN COMPARISON TO
Q4
2019
    * COVID-19 SITUATION CONTINUED TO IMPACT PERFORMANCE IN Q4
2020
WITH UNCERTAINTY LEADING TO DELAYS OF TENDERS AND PROJECTS
    * Q4 OPERATING PROFIT MARGIN BEFORE SPECIAL ITEMS AT 7.3%
COMPARED
TO 10% IN Q4 2019
    * IN 2021, GROWTH IS EXPECTED TO RETURN DRIVEN BY LIFE
SCIENCES
INTERNATIONAL AND TRACTION IN WINNING SOLUTIONS
    * ORDER BACKLOG FOR 2021 AT BEGINNING OF Q1 2021 AT DKK
1,999M, AN
UNDERLYING INCREASE OF AROUND 1.5% COMPARED TO SAME TIME LAST
YEAR
    * OUTLOOK 2021: PRIVATE & PUBLIC SEGMENT IS EXPECTED TO BE
CHALLENGED BY DELAYS IN PROJECT WORK AND TENDERS PARTLY DUE TO
COVID-19 SITUATION
    * OUTLOOK FOR 2021: REVENUE GROWTH OF 1-4%
    * OUTLOOK FOR 2021: INVESTMENT LEVEL OF 5-7% OF TOTAL
REVENUE
EXCLUDING ACQUISITIONS
    * OUTLOOK 2021: OPERATING PROFIT MARGIN BEFORE SPECIAL ITEMS
OF
6-7%
    * Q4 NET PROFIT DKK 18M VS DKK 58M IN Q4 2019 DUE TO LOWER
OPERATING PROFIT, INCREASE IN SPECIAL ITEMS AND ADJUSTMENT OF
EARN-OUT AGREEMENT

Source text for Eikon:  ID:nGNE7z83q5 
Further company coverage:  NNIT.CO 

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