Nabors Energy Transition (NETC)
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Interim report for the nine months ended 30 September 2025
Globenewswire· 2025-10-30 06:29
Core Insights - The company achieved a revenue growth of 34.3% in Q3 2025, with an organic revenue growth of 8.5%, driven by investments in products, platforms, and AI [2][6] - The integration of Netcompany Banking Services into the Netcompany Group is progressing faster than expected, presenting new opportunities in the Financial Services Industry [4][6] - The company launched new products in the Defence and Resilience, Real Estate, and Life & Pension verticals, responding to increased demand for real-time solutions [3][5] Financial Performance - Organic revenue for Q3 2025 reached DKK 1,746.9 million, reflecting an 8.2% increase, while reported revenue grew to DKK 2,167.8 million, a 34.3% increase [6] - Organic adjusted EBITDA increased by 8.5% to DKK 332.3 million, maintaining an organic adjusted EBITDA margin of 19% [6] - The company revised its financial guidance, expecting organic revenue growth between 6% and 8% for 2025, and adjusted EBITDA margin between 16% and 18% [6] Strategic Initiatives - The company is focusing on European digital sovereignty, emphasizing solutions developed and hosted in Europe [5] - Cost synergies from the integration of Netcompany Banking Services are expected to reach DKK 300 million to DKK 350 million annually by 2028 [6] - The average number of full-time employees was 9,482, with 911 FTEs from Netcompany Banking Services [6]
Correction: Netcompany releases long-term targets
Globenewswire· 2025-10-29 17:08
Core Insights - Netcompany has updated its long-term financial targets, aiming for annual organic revenue growth of between 5% and 10% through any business cycle [1][3] - The company plans to achieve an adjusted EBITDA margin above 20% by 2029 [3] - A DKK 2 billion share buyback program is set to be completed by 2026, as originally introduced in 2023 [3] - The company aims to maintain a leverage ratio below 1x [3] - Dynamic cash redistribution will be implemented through share buyback programs and dividends of all free cash flow before any acquisitions [3] Additional Information - Netcompany will elaborate on strategic initiatives and financial targets during the upcoming Capital Markets Day on 31 October 2025 [1]
Netcompany releases long-term targets
Globenewswire· 2025-10-29 16:16
Core Points - Netcompany has updated its long-term financial targets ahead of the Interim Report Q3 2025 release on 30 October 2025 [1] - A detailed discussion on strategic initiatives and financial targets will take place during the Capital Markets Day on 31 October 2025 [1] Financial Targets - The company aims for long-term organic revenue growth of between 5% and 10% through any business cycle [3] - An adjusted EBITDA margin above 20% is targeted to be achieved by 2029 [3] - Dynamic cash redistribution will be implemented through share buyback programs and dividends of all free cash flow before any acquisitions, while adhering to leverage targets [3] - The completion of a DKK 2 billion share buyback program is expected by 2026, as originally introduced in 2023 [3] - The company aims to maintain a leverage ratio below 1x [3]
Invitation to Netcompany’s Capital Markets Day 31 October 2025 – Unlocking the Potential
Globenewswire· 2025-09-19 09:30
Group 1 - The event is scheduled for 31 October 2025, focusing on Netcompany's 2030 strategy and growth potential in Europe [1][2] - The Capital Markets Day will be held at Netcompany's Corporate Headquarters in Copenhagen, from 11.15 to 16.15 CET, and will be a hybrid event [3] - Registration for the event is required by 20 October 2025, with physical attendance limited to sell-side analysts and institutional investors, while private investors can participate online [4] Group 2 - The event will include a presentation on Netcompany Banking Services and expected synergies, along with the company's financial aspirations for 2030 [2] - Contact information for additional inquiries is provided, including details for the CFO and Head of Investor Relations [6]
Launch of share buyback programme
Globenewswire· 2025-08-14 05:31
Core Viewpoint - Netcompany Group A/S has announced a share buyback programme of up to DKK 500 million to adjust its capital structure and fulfill obligations related to share-based incentive programmes [1] Group 1: Share Buyback Programme Details - The share buyback programme will conclude no later than 30 January 2026 [2] - The programme will be executed in compliance with EU Market Abuse Regulation and related provisions [2][3] - Danske Bank A/S has been appointed as the lead manager for the share buyback programme, making independent trading decisions on behalf of Netcompany [3] Group 2: Terms and Conditions - The maximum total consideration for shares bought back is set at DKK 500 million, with a maximum of 3,700,000 shares to be repurchased [6] - The maximum number of shares that can be purchased per daily market session is limited to 25% of the average daily trading volume over the preceding 20 trading days [6] - Shares cannot be repurchased at a price exceeding the higher of the last independent transaction price or the highest independent bid on Nasdaq Copenhagen A/S [6] Group 3: Current Holdings - As of the announcement date, Netcompany holds 369,510 treasury shares, which is equivalent to 0.8% of the total share capital [4]
Interim report for the six months ended 30 June 2025
Globenewswire· 2025-08-14 05:30
Core Insights - The company continues to grow and invest in its products and platforms despite uncertain market conditions, focusing on expanding its presence in various verticals [2] - There is a strong emphasis on developing digital capabilities in Europe, supported by government initiatives and the European Union's push for digital sovereignty, which aligns with the company's investment strategy [2] - The company aims to be a preferred choice for European governments and enterprises, enhancing its digital foundation for a prosperous Europe [3] Financial Performance - In Q2 2025, the company reported a revenue growth of 3.9% to DKK 1,714.9 million, while adjusted EBITDA decreased by 18% to DKK 220.7 million, resulting in an adjusted EBITDA margin of 12.9% [5] - The diluted earnings per share for Q2 2025 were DKK 1.17, with an increase in the average number of full-time employees from 7,884 in Q2 2024 to 8,333 in Q2 2025 [5] - Free cash flow was DKK 25.6 million in Q2 2025, down from DKK 148.2 million in Q2 2024, with a cash conversion ratio of 14.6% [5] Future Guidance - The company maintains its financial guidance for the year, expecting organic revenue growth between 5% and 10% and an organic adjusted EBITDA margin between 16% and 19% [4][5] - Non-organic revenue through Netcompany Banking Services is projected to be between DKK 840 million and DKK 870 million for the full year [5]
Completion of the combination between Netcompany Banking Services and SDC and update on financial guidance
Globenewswire· 2025-07-01 05:46
Company Overview - Netcompany has completed the acquisition of SDC, valuing SDC at DKK 1 billion, with a cash payment of DKK 1 billion to SDC's shareholders [1][5] - The newly formed entity, Netcompany Banking Services A/S, will fully integrate SDC's operations, creating a subsidiary of Netcompany [5] Industry Position - This transaction provides Netcompany with a strong foothold in the financial services sector, which is the highest spending vertical within IT services in Europe [2] - The total addressable market in Denmark, Norway, and Sweden is estimated to exceed DKK 44 billion, with an expected annual growth rate of over 10% towards 2028 [2] Financial Guidance - For 2025, Netcompany maintains its organic revenue growth expectation between 5% and 10%, with an adjusted EBITDA margin between 16% and 19% [6] - The transaction is anticipated to have a dilutive impact on EPS for the financial year 2025 but is expected to be EPS accretive from 2026 onwards, with double-digit percentage accretion by 2028 compared to 2024 [5][10] Integration and Future Plans - All SDC employees will relocate to Netcompany's headquarters in Copenhagen starting January 2026 to facilitate integration [5] - Netcompany plans to disclose expected non-organic revenue and EBITDA for 2025 in the Q2 Interim Report, along with annual synergies and integration costs in the Q3 Interim Report [7][8] Shareholder Returns - Netcompany intends to reinitiate its share buyback program in connection with the Q2 Interim Report, with leverage expected to be around 1.5x by the end of 2025 [9] - The ambition to buy back shares totaling DKK 2 billion from 2024 to the end of 2026 remains intact, with revised long-term financial aspirations to be communicated on 31 October 2025 [10]
Netcompany - Major shareholder announcement
Globenewswire· 2025-06-13 09:17
Group 1 - Danske Bank A/S has notified Netcompany Group A/S regarding their direct and indirect holdings and voting rights in the company [1][2] - As of June 11, 2025, Danske Bank A/S controls 2,587,150 voting rights, which corresponds to 5.45% of the total voting rights in Netcompany [2]
Netcompany- Major shareholder announcement
Globenewswire· 2025-05-28 10:34
Core Points - Danske Bank A/S has reported a change in its direct and indirect holdings in Netcompany Group A/S, now holding 2,465,823 voting rights, which corresponds to 4.93% of the total voting rights in the company [2] - This represents a decrease from their previous holding of 5.00% [2] - The announcement is made in accordance with the Danish Capital Markets Act [3] Additional Information - For further inquiries, contact Thomas Johansen, CFO, or Frederikke Linde, Head of IR at Netcompany Group A/S [4]
Netcompany – Interim report for the three months ended 31 March 2025
Globenewswire· 2025-05-01 05:30
Core Insights - The company achieved a revenue growth of 9.1% in Q1 2025, reaching DKK 1,744.3 million, while also improving its adjusted EBITDA margin to 17.6% [2][5] - A merger with SDC is underway, forming a new entity called Netcompany Banking Services, expected to be completed around mid-year [2][3] - The company maintains its full-year financial expectations, projecting revenue growth of 5% to 10% and an adjusted EBITDA margin between 16% and 19% [3][4] Financial Performance - Adjusted EBITDA increased by 24.4% to DKK 307.3 million in Q1 2025, with a margin improvement from 15.5% in Q1 2024 to 17.6% [5] - Diluted earnings per share rose by 36.9% to DKK 2.56 [5] - Free cash flow improved significantly to DKK 67.9 million from a negative DKK 4.9 million in Q1 2024 [5] Workforce and Operational Metrics - The average workforce increased by 342 full-time equivalents (FTEs) to 8,150 FTEs in Q1 2025, compared to 7,808 FTEs in Q1 2024 [5] - The cash conversion ratio (tax normalized) was reported at 83.3% in Q1 2025 [5] - Debt leverage improved to 1.2x in Q1 2025 from 1.6x in Q1 2024 [5]