NNIT in Switzerland Relocates to New Modern Office in the Center of Basel
After more than 14 years at the same location in Switzerland, NNIT has relocated to Grosspeter Tower, an impressive 21-storey structure in the city of Basel.
After more than 14 years at the same location in Switzerland, NNIT has relocated to Grosspeter Tower, an impressive 21-storey structure in the city of Basel.
The life sciences market in Europe is idling – even hesitant – following the macro-economic and geo-political hits of war, energy crisis, inflation, increasing interest rates and increasing EU regulation. But Ricco Larsen, Senior Vice President of Life Sciences Europe at NNIT, remains positive based on a firm belief in the resilience of the industry.
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.
NNIT’s headquarters will be relocating from Oestmarken 3A in Soeborg to Weidekampsgade 14 in downtown Copenhagen to become better connected to customers and partners and provide employees with a more inviting and open office environment.
Every year, alongside our annual report, we issue a Sustainability Report (COP report), outlining the progress and direction of our sustainability activities.
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.
Having relaunched NNIT with a new strategy, and as part of that completed the transformative divestment of the infrastructure operations, we are now introducing a change to Group Management as Executive Vice President Pernille Fabricius has decided to leave NNIT end of November 2023 to pursue opportunities outside NNIT.
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.
NNIT’s SAP unit is now headed by Christian Staalby who has spent most of his career either working with or being employed by SAP.
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).
Following the divestment of our former infrastructure operations, two new general managers have been appointed to head up our service delivery centers in the Philippines and Czech Republic.
NNIT presents a new NNIT management team – following the divestment of its infrastructure operations and launch of a revised strategy to support the new beginning as an international IT consultancy business.
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.
Besides continuing our existing initiatives, 2022 included important extensions of our efforts, among which is our commitment in august to the Science Based Targets initiative, and a significant increase in our GHG Scope 3 reporting.
NNIT set out to enable future growth in 2022 and launched strategic initiatives to unlock the Group’s full business potential as a specialized IT consulting business focused on the two core business areas of Life Sciences Solutions and Cloud & Digital Solutions with a strong and consolidated Global Delivery Center and streamlined operations.
New CFO Carsten Ringius has a vision for Corporate Finance and the value-adding role it will play on NNIT’s road to becoming a leading provider of IT consulting services to life sciences and other regulated industries, but his first order is to complete the financial split related to the divestment of the Infrastructure Operations business.
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.