Business
NNIT A/S: Business performance impacted by market undercetainty expected to continue. Mitigating actions taken to protect profitability
Q1 2025 key highlights Financial performance for the first quarter was expected to be moderate, but macroeconomic and geopolitical uncertainty increased, which impacted NNIT. The uncertainty has influenced customer behavior, especially in the three regions focusing on IT Life Science solutions, where several projects have been postponed, most predominantly in Region Europe. Group revenue amounted to DKK 464.1m, entailing flat revenue growth compared with last year.Despite improving utilization a
About this update from Nnit A/s
[{"type":"image","alt":"NNIT A/S","displaySize":"","headline":null,"caption":"NNIT A/S","className":"","disableSlideshowImg":false,"size":{"original":{"width":125,"height":65,"url":"https://media.zenfs.com/en/globenewswire.com/cf8c8c58c83545634a947262ad3a1131"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/zQgxN1GnB3iv0MKqWWVnaA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIxMDtoPTEwOTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/cf8c8c58c83545634a947262ad3a1131","width":125,"height":65}},"lazy":false},{"type":"text","content":"Q1 2025 key highlights","length":22,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Financial performance for the first quarter was expected to be moderate, but macroeconomic and geopolitical uncertainty increased, which impacted NNIT. The uncertainty has influenced customer behavior, especially in the three regions focusing on IT Life Science solutions, where several projects have been postponed, most predominantly in Region Europe. Group revenue amounted to DKK 464.1m, entailing flat revenue growth compared with last year.","length":446,"tagName":"p"}]},{"val":[{"type":"text","content":"Despite improving utilization and capacity adjustments made across regions during the quarter as well as tight cost focus across business areas, the group operating profit excl. special items declined to DKK 18.0m in Q1 2025 compared with DKK 23.9m in the same quarter last year. The decline was due to the lower profit generation in Region Europe and Region Denmark, partly offset by improved profitability performance in Region US and Region Asia. Group operating profit margin excl. special items was 3.9% in Q1 2025 compared with 5.2% in the same quarter last year.","length":569,"tagName":"p"}]},{"val":[{"type":"text","content":"Region Denmark growth around 4% where selected solution areas focusing on the Public sector in Denmark, is showing growth upwards at 8%. SCALES also contributed to the growth in region Denmark solidifying its position as a leader within D365 solutions.","length":252,"tagName":"p"}]},{"val":[{"type":"text","content":"Special items amounted to DKK 25.3m in Q1 2025 covering restructuring costs of DKK 20m impacting all regions, earn-out payments of DKK 3m, and IT systems and integration costs amounting to around DKK 2m.","length":203,"tagName":"p"}]},{"val":[{"type":"text","content":"The financial outlook...