NNIT continued to execute on the carveout of the Group’s infrastructure business, sustained the efforts to consolidate international supply capabilities in Q3 2022, whereas seeing improved earnings according to expectations.
Financial highlights for the third quarter 2022
- Group income elevated 5.7% (-1.3% natural) to DKK 738 million, primarily on account of acquisitions and average progress in the Life Sciences Solutions and Cloud & Digital Solutions business models.
- The working revenue earlier than particular objects elevated to DKK 30 million from DKK 21 million in Q3 2021 pushed by an improved utilization price following capability changes. As a outcome hereof, the working revenue margin elevated to 4.1% earlier than particular objects from 3.0% in Q3 2021, and from -1.5% in Q2 2022.
- Special objects amounted to DKK 50 million primarily comprised of restructuring prices, together with prices associated to the divestment of the Group’s infrastructure operations.
- The Group’s infrastructure operations stay categorised as persevering with operations on account of the present state of the business and the ongoing carve-out work.
Business highlights
- NNIT continued to execute on the carveout of the Group’s infrastructure business in addition to chosen components of its Cloud & Digital Solutions business unit.
- Group firm SCALES received a multiyear contract with Lantmännen Unibake on a worldwide ERP rollout price a double-digit DKK million quantity.
- The order backlog for 2022 stood at DKK 2,759 million at the finish of September, equivalent to a lower of 1.1% in comparison with the identical time final 12 months and a rise of 37% from the starting of the 12 months.
- NNIT dedicated to the Science Based Targets initiative (SBTi) and intends to set each short-term and long-term targets for discount of CO2 emissions.
- On 25 August, NNIT introduced that Carsten Ringius will be a part of as CFO from December 1, 2022, as CFO Pernille Fabricius assumes a brand new function as Executive Vice President for Strategy, Transformation and M&A.
Outlook
- The non permanent suspension of NNIT’s 2022 outlook is maintained.
Pär Fors, CEO of NNIT, feedback: “We saw a continuation of the pickup in revenue and earnings in the third quarter and maintained our focus on streamlining our outsourcing organization and completing the carveout of our infrastructure business to establish NNIT as a highly specialized IT services provider with two strongly positioned business units. The process is progressing based on constructive and thorough dialogue with customers and stakeholders.”
Conference name
On November 2, 2022 at 9:30 CET, NNIT hosts a teleconference, which may be accessed right here or at www.nnit.com beneath ‘Investors – Events & Presentations’.
Contacts for additional data
Pernille Fabricius, EVP & CFO
Tel: +45 3077 9500
[email protected]
Tina Joanne Hindsbo, Media Relations Manager
Tel: +45 3077 9578
[email protected]
The NNIT Group supplies a variety of IT and consulting providers internationally.
In Denmark, the place the Group HQ relies, we’re one of the main IT firms, servicing each personal and public sector prospects throughout all industries. In the relaxation of Europe, Asia and USA, we’re solely targeted on firms inside life sciences.
Supporting the total provide chain, we assist optimize inside firm processes, manufacturing, gross sales and buyer experiences:
We advise, construct, function and assist, enabling digital transformation and prospects to reap the full potential of their organizations. Our function is to foster innovation and make the mark our prospects and we aspire to.
The NNIT Group consists of group firm NNIT A/S and subsidiaries SCALES Excellis Health Solutions, SL Controls, and prime4services. Read extra at www.nnit.com.
- 15-22 Company announcement Q3 2022
