Brief: NNIT Renews Operations Maintenance Agreement With Novo Nordisk

Nnit A/S

31/03/2020 10:15

March 31 (Reuters) - NNIT A/S  NNIT.CO :
    * REG-NNIT A/S: 6/2020 NNIT RENEWS OPERATIONS MAINTENANCE
AGREEMENT WITH NOVO NORDISK
    * CONTRACT REPRESENTS A VALUE OF MID TRIPLE-DIGIT DKK
MILLION
AMOUNT AND TAKES EFFECT FROM JANUARY 1, 2020.
    * RENEWING EXISTING OPERATIONS MAINTENANCE AGREEMENT WHICH
WAS TO
EXPIRE AT END OF 2020
    * COVID-19 SITUATION PROVIDES INCREASED UNCERTAINTY TO
NEAR-TERM
BUSINESS OF NNIT AND POTENTIAL IMPACT ON NNIT IS CONTINOULSY
MONITORED AND ASSESSED
    * NEW CONTRACT SECURES THIS IMPORTANT BUSINESS WITH NOVO
NORDISK
FOR ANOTHER FIVE YEARS
    * DECLINE IN REVENUE IN 2020 IS AS EXPECTED AND WAS
INCORPORATED
INTO GUIDANCE FOR 2020 SET FORTH IN COMPANY ANNOUNCEMENT 01/2020
    * CURRENTLY GUIDANCE FOR 2020 (ORGANIC REVENUE GROWTH OF -4%
TO
-8% IN CONSTANT CURRENCIES, OPERATING PROFIT MARGIN BEFORE
SPECIAL ITEMS OF 6-8% IN CONSTANT CURRENCIES) IS MAINTAINED

Source text for Eikon:  ID:nGNE6YrfP7 
Further company coverage:  NNIT.CO 

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