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NNIT settles an arbitration with a public customer and changes outlook for 2017

Press Release   •   Oct 20, 2017 14:07 CEST

NNIT A/S (“NNIT”), a leading provider of IT services and consultancy announces that it has settled an arbitration with a public customer.

The arbitration was initiated before NNIT’s IPO in 2015 and is described in the IPO prospectus.

As a consequence of the settlement, NNIT makes a one-time revenue reversal of DKK 33 million impacting operating profit negatively by DKK 33m.

As a result, NNIT changes outlook for 2017:

  • Expected revenue growth is narrowed to 4-6% in constant currencies (previously 4-8%). Expected organic growth is narrowed to 1-3% (previously 1-5%). The impact of the settlement on revnue growth is approximately 1pp
  • Expected operating profit margin is lowered to around 9% (previously around 10%) due to the settlement. The underlying operating profit margin excluding the settlement is maintained to be around 10% in constant currencies

The settlement does not have any impact on NNIT’s long-term targets.

A detailed description of the arbitration was disclosed in the 2015 IPO Prospectus as well as in the annual reports for 2015 and 2016, which can be found at

Contacts for further information
Investor contacts: Jesper Wagener, Head of Investor Relations: +45 3075 5392,
Media contacts: Rikke Dalager, Head of Communications: +45 3077 8080,

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