Financial results for Q2 2024 released
Solid organic growth of 11%, profitability continued to improve, and important strategic milestones reached.
Solid organic growth of 11%, profitability continued to improve, and important strategic milestones reached.
Revenue growth of 12.2%, an operating profit margin of 5.2% – and full-year financial outlook maintained.
A new global structure dedicated to AI and led by Director Sam Laermans has been created to ensure unity, best practice, and maximum utilization of expertise and resources across our four regional AI business units.
The Group improved business and financial performance throughout the year and delivered on the outlook, which was upgraded in August, 2023.
As NNIT expands its presence in the United States, particularly with the anticipated integration of Excellis Health Solutions (Excellis), Greg Cathcart, Head of Excellis, will assume the lead role of Senior Vice President to accelerate growth and advance the market position in the US.
The positive trajectory from the first half of 2023 continued through the third quarter. The improvement of performance is in line with the upgraded guidance provided in August and emphasizes the positive direction set with the new strategy.
NNIT completed the transformative divestment of its infrastructure operations to become a highly specialized IT services provider and generated growth and improved earnings entailing an upgrade of the 2023 outlook on August 26.
Following the recent emergence of NNIT as an international IT consulting business focusing on life sciences internationally and the public and enterprise sectors in Denmark, NNIT has appointed a new Chief Information Security Officer (CISO).
NNIT completed the carve-out and divestment of its infrastructure business on April 28. The Group delivered solid business performance, generating revenue growth of 16% (11% organic) to DKK 413 million in Q1 2023 and improved the operating profit margin significantly to 4.9% on the back of higher revenue and utilization.
Today, NNIT has completed the transformative divestment of the Group’s infrastructure operations to funds advised by Agilitas Private Equity LLP.
The NNIT Group provides a wide range of IT consulting services internationally. In Denmark, where the Group HQ is based, we are one of the leading IT consultancies, servicing both private and public sector customers across all industries. In the rest of Europe, Asia and USA, we are solely focused on companies within life sciences.
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