Netcompany Group A/S
NETC
ISIN DK0060952919 / Valor 41917613
Netcompany Group A/S
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About company
Netcompany Group A/S is a leading information technology service company headquartered in Europe, specializing in driving digital transformation across various sectors. The company focuses on delivering responsible digitalization solutions that adhere to European values such as transparency, security, openness, and community. With a strong emphasis on leveraging technology to make a positive impact on society, businesses, and the environment, Netcompany aims to contribute to a modern, democratic, and socially secure Europe. It offers a range of services including the development of customizable, rapidly deployable technical platforms that are AI-ready, and emphasizes the importance of re-using intellectual property-free platforms to avoid duplicating solutions. Netcompany operates in over 10 countries, employs more than 7,700 people of over 50 nationalities, and is committed to investing in digital upskilling and education to empower societies and foster innovation, growth, and sustainability.
Summarized from source with an LLMView SourceSector: TechnologyLatest Results (06.01.2025):
Revenue Growth
In Q4 2023, Netcompany Group A/S reported a revenue increase of 4.9% at the Group level, driven by growth in its international operations. However, revenue in Denmark declined by 3.6%, with the private segment experiencing a 6% decrease and the public segment a 1.9% decrease compared to the same period last year.
International Performance
Netcompany-Intrasoft saw a revenue increase of 10.5%, fueled by strong performance in the public and EU sectors, which grew by 13.9%. The UK operations also reported a 13.7% revenue increase, primarily due to robust performance in the public segment. In Norway, revenue rose by 18.4%, driven by the private sector.
Gross Profit Margin
The gross profit margin for Q4 2023 decreased by 5.3 percentage points to 29.3%, down from 34.6% in Q4 2022. This decline was attributed to lower margins across most business units, mainly due to reduced utilisation rates.
Employee Development
Netcompany Group A/S reported an increase in full-time equivalents (FTEs) to 7,765 in Q4 2023. The company also noted a decrease in 12-month rolling attrition rates by 5.9 percentage points, bringing it down to 15.3% compared to the same period in 2022.
2024 Outlook
For 2024, Netcompany Group A/S expects to continue its growth trajectory and improve its margins, aligning with its midterm financial targets for 2026. The company aims to achieve revenue of at least DKK 8.5 billion and an adjusted EBITDA margin of more than 20% by the end of 2026. Additionally, the target to redistribute DKK 2 billion to shareholders, primarily through share buybacks, remains in place.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
2363 M
Market cap (USD)
71,175
Daily traded volume (Shares)
343 / 336.4
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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P/E ratio
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EPS (USD)
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Ratings & reviews
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