Denmark's NNIT Q1 prelim revenue falls; co lowers 2026 outlook

Nnit A/S

07/05/2026 19:29

Overview

Denmark IT solutions provider's preliminary Q1 revenue fell yr/yr amid weak demand

Preliminary Q1 EBIT margin dropped to 0.3% from 3.9% last yr

Company cut 2026 outlook, now sees negative revenue growth and lower EBIT margin

Outlook

NNIT now expects 2026 constant currency revenue growth to be single-digit negative

Company sees 2026 group EBIT margin excl. special items at 4-7%

NNIT expects 2026 special items below last year's DKK 83m

Result Drivers

CUSTOMER CAUTION - Co said continued customer caution, especially in Life Science IT consulting, weighed on Q1 results

PROJECT DELAYS - Postponed projects and smaller contract sizes from tier-1 customers in 2025 hurt revenue and backlog entering 2026

Company press release: ID:nGNE1Fkblg

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
DKK 422.50 mln
DKK 437.50 mln (2 Analysts)
Q1 Adjusted EBIT
DKK 1.10 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the it services & consulting peer group is "buy"

Wall Street's median 12-month price target for NNIT A/S is DKK55.00, about 22.2% above its May 7 closing price of DKK45.00

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)