NNIT A/S: On-track performance with doubled profitability

Core Insights - NNIT experienced a slight improvement in organic growth of 0.3 percentage points in Q3 2025 despite ongoing market unrest, although revenue contracted by 2.9% compared to Q3 2024 [2][5] - The group operating profit excluding special items more than doubled to DKK 35.6 million, resulting in a margin of 8.2%, up from 3.9% in the same quarter last year, driven by operational efficiency improvements [2][5] - The company anticipates continued momentum in profitability and revenue growth, supported by a focus on repeatable solutions and advancements in AI [2][5] Financial Performance - Q3 2025 revenue was DKK 431.6 million, down from DKK 444.7 million in Q3 2024, reflecting a negative revenue growth of 2.9% and organic growth of -1.4% [3][5] - Group operating profit excluding special items for the first nine months of 2025 was DKK 76.5 million, compared to DKK 73.4 million in the same period of 2024, with a margin of 5.6% [3][5] - Special items in Q3 2025 amounted to DKK 7.9 million, with total group operating profit including special items at DKK 27.7 million [3][5] Strategic Focus - NNIT is enhancing its operational model to improve efficiency, achieving a utilization improvement of approximately 4 percentage points while maintaining high customer satisfaction at 4.5 [5] - The company is broadening its market engagement by targeting lower-tier customers and maintaining a solid order entry, which is a positive indicator for future performance [5] - NNIT maintains its full-year financial outlook for 2025, expecting organic growth at the lower end of 0 to 5% and a group operating profit margin excluding special items in the lower end of 7 to 9% [5]