Denmark's NNIT Q1 revenue falls on customer caution, cuts 2026 outlook

Nnit A/S

12/05/2026 11:38

Overview

Denmark IT solutions provider's Q1 2026 revenue fell 9% yr/yr amid customer caution

Group EBIT margin excl. special items dropped to 0.3%, reflecting reduced revenue levels

Company launched two new AI platforms and cut full-year revenue and EBIT margin outlook

Outlook

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

Company lowers 2026 group EBIT margin outlook excl. special items to 4-7%

NNIT cites continued market volatility and customer caution impacting order entry and revenue

Result Drivers

CUSTOMER CAUTION - Co said ongoing geopolitical turmoil and sustained customer caution, especially in life sciences IT consulting, weighed on revenue and order entry

DELAYED PROJECTS - Co said Danish general election delayed decision-making and tenders, leading to smaller contract sizes and postponed projects

COST REDUCTIONS - Structural cost reductions and improved operational efficiency helped limit profit decline but did not offset lower revenue

Company press release: ID:nGNE2nyzdV

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EBIT Margin
0.30%


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 37.5% above its May 11 closing price of DKK40.00

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

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(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.)