Core Insights - The company achieved a revenue growth of 7.6% (constant 7.4%) and an adjusted EBITDA margin of 16.8% (constant 16.9%) in 2024, despite high macro and geopolitical uncertainty [3][8] - There was a significant improvement of over 53% in earnings compared to the previous year, attributed to substantial investments in operations and business development [4] - The company welcomed over 1,700 new employees in 2024, bringing the total workforce to more than 8,250 [5] Financial Performance - For the full year 2024, revenue reached DKK 6,540.6 million, with adjusted EBITDA at DKK 1,097.9 million, up from DKK 901.2 million in 2023 [8] - The adjusted EBITDA margin improved to 16.8% in 2024 from 14.8% in 2023 [8] - Free cash flow for 2024 was DKK 821.1 million, an increase from DKK 552.1 million in 2023, with a cash conversion ratio rising to 147.1% from 135.1% [8] Future Outlook - The company expects revenue growth of 5% to 10% in 2025, with an adjusted EBITDA margin forecasted between 16% and 19% [6] - The mid-term adjusted EBITDA margin target remains at 20%, but the timeline for achieving DKK 8.5 billion in revenue has been deferred to 2027 [6] - A total cash redistribution of at least DKK 2 billion to shareholders is planned by 2026, although no new share buyback program will be initiated at this time [6]
Netcompany - Interim report for the 12 months ended 31 December 2024 and Annual Report 2024