Brief: NNIT Says Revenue Decreased By 1.2% In Q2 2019 Compared To Q2 2018

Nnit A/S

13/08/2019 18:05

Aug 13 (Reuters) - NNIT A/S  NNIT.CO :
    * REG-NNIT A/S: 10/2019 FINANCIAL REPORT FOR THE FIRST SIX
MONTHS
OF 2019
    * GROSS PROFIT DECREASED BY 26% IN Q2 2019 PRIMARILY DUE TO
A
SIGNIFICANT DECLINE IN REVENUE AND MARGINS FROM NOVO NORDISK
GROUP
    * REVENUE DECREASED BY 1.2% IN Q2 2019 COMPARED TO Q2 2018
DRIVEN
BY A DECLINE OF 16% FROM NOVO NORDISK GROUP
    * FOR 2019, SEES LOW SINGLE-DIGIT REVENUE GROWTH
    * NNIT- BOARD HAS APPROVED BUSINESS AND COST RESTRUCTURING
PLAN
WITH AN IMPACT OF DKK 150M IN 2020 AND A FULL-YEAR IMPACT OF
MINIMUM DKK 200M IN 2021
    * OPERATING PROFIT MARGIN OF 8-9% EXCLUDING RESTRUCTURING
COSTS IN
CONSTANT CURRENCIES IS MAINTAINED FOR FY 2019
    * BOARD HAS DECIDED TO PAY AN INTERIM DIVIDEND FOR 2019 OF
DKK
2.00 PER SHARE CORRESPONDING TO DKK 49.2M

Source text for Eikon:  ID:nGNE51wS8R 
Further company coverage:  NNIT.CO 

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