Brief: NNIT Renews Deal With Novo Nordisk, Adjusts 2021 Oper Profit Margin Guidance

Nnit A/S

29/06/2021 15:29

June 29 (Reuters) - NNIT A/S  NNIT.CO :
    * REG-NNIT A/S: 07/2021 THE NNIT GROUP RENEWS INFRASTRUCTURE
MANAGEMENT AGREEMENT WITH NOVO NORDISK AND ADJUSTS THE COMPANY’S
FINANCIAL OUTLOOK
    * UPDATED OUTLOOK FOR 2021 IS: REVENUE GROWTH OF 1-4 %
    * UPDATED OUTLOOK FOR 2021 IS: OPERATING PROFIT MARGIN
BEFORE
SPECIAL ITEMS OF AROUND 5%
    * CONTRACT TAKES EFFECT FROM JULY 1, 2021 AND REPRESENTS A
VALUE
OF A MID TRIPLE-DIGIT DKK MILLION AMOUNT
    * UPDATED OUTLOOK FOR 2021 IS: INVESTMENT LEVEL OF 5-7% OF
TOTAL
REVENUE EXCLUDING ACQUISITIONS
    * COMPARED TO PREVIOUS DEAL, NEW CONTRACT WILL REDUCE CO'S
HISTORIC YEARLY REVENUE, PROFITABILITY WITHIN THESE EXPLICIT
SERVICE AREAS FROM NOVO NORDISK GROUP
    * NEW REVISED GUIDANCE IS AN UNCHANGED REVENUE GROWTH OF 1%
TO 4%
EXCLUDING POTENTIAL NEW ACQUISITIONS AND AN OPERATING PROFIT
MARGIN BEFORE SPECIAL ITEMS OF AROUND 5%.

Source text for Eikon:  ID:nGNE8Ll8yD 
Further company coverage:  NNIT.CO 

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