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NNIT delivers organic revenue growth of 7.9%, an operating profit margin of 10.3% and free cash flow growth of 38% in 2015.

News   •   Jan 27, 2016 07:41 GMT

NNIT A/S: 1/2016 Financial report for 2015 and Annual General Meeting 2016

Performance highlights for 2015:

  • Revenue increased by 7.0% in constant currencies to DKK 2,579m and by 7.9% in reported currencies to DKK 2,600m
  • Operating profit margin was 11.6% in constant currencies and 10.3% in reported currencies. Reported operating profit was negatively impacted by currency headwind
  • Operating profit increased by 13.0% to DKK 300m in constant currencies and operating profit in reported currencies increased by 1.4% to DKK 269m reflecting a negative impact from currency development
  • Net profit increased by 1.5% to DKK 212m in reported currencies mainly due to a higher operating profit
  • Free cash flow increased by 38% to DKK 211m driven by a strong operating cash flow
  • Order backlog for 2016 at the beginning of Q1 2016 increased by DKK 104m to DKK 2,020m, corresponding to 5.4% compared with the order backlog for 2015 at the beginning of Q1 2015

Outlook for 2016 in constant currencies:

  • Revenue in constant currencies is forecasted to grow at least 5%, and revenue growth in reported currencies is expected to be at the same level based on current exchange rates
  • Operating profit margin is forecasted to be 10-11% in constant currencies, whereas operating profit margin in reported currencies is expected to be around 0.3pp higher based on current exchange rates

Per Kogut, CEO at NNIT comments: "In our first year as a listed company, the performance has been reassuring and we have delivered on our targets. Despite a competitive market and currency headwinds, we have been able to deliver organic revenue growth of 7.9% and an operating profit margin of 10.3%.

Our encouraging results - including the strong increase in free cash flow of 38% - allow us to propose a dividend of DKK 4.00 per share corresponding to a pay-out ratio 46% of net profit."

The Annual report 2015 is available on www.nnit.com.

Conference call details

NNIT will host a teleconference January 27, 2016 at 10:30 CET about the financial report for 2015. Please visit the NNIT webpage at www.nnit.com to access the teleconference, which can be found under 'Investors - Downloads'. Presentation material will be available on the website approximately one hour prior to the start of the presentation.

Contacts for further information

Investor relations:
Jesper Vesterbæk Wagener
Head of Investor Relations
Tel: +45 3075 5392
jvwa@nnit.com

Media relations:
Rikke Dalager
Head of Communications
Tel: +45 3077 8080
rida@nnit.com

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