NNIT saw solid organic growth of 11% in Q2 2024, with positive outlook for future

From GlobeNewswire: 2024-08-27 03:53:00

Correction: The correct “Earnings per share” and “Diluted earnings per share” for 6M 2024 are DKK 1.41 each as of June 30, 2024. Financial performance in Q2 of 2024 saw 11.0% organic growth, with an operating profit margin of 6.7%. NNIT captured market share, especially in Denmark and Europe, despite challenges in the US region.

Important milestones were achieved in Q2 2024, including the launch of new global systems and office relocations. NNIT’s transformation journey is on track, leading to improved customer relationships and recognition by Everest Group. Full-year outlook confirms organic revenue growth of 10% and operating profit margin of 8-9%.

NNIT expects revenue growth and profitability to increase in the upcoming quarters, with a strong backlog and pipeline in place. Pär Fors, CEO, comments on the success of NNIT’s strategic shift towards IT consulting. Key financial figures for Q2 2024 show revenue growth of 11.8% and an operating profit margin of 6.7%.

NNIT is a leading IT solutions provider in life sciences and public-private sectors. The company focuses on high complexity industries, delivering sustainable digital solutions and unmatched excellence. NNIT employs over 1,700 people across Europe, Asia, and the USA. Learn more about NNIT at www.nnit.com.



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