Workflow
Financial outlook adjustment
icon
Search documents
NNIT A/S: NNIT adjusts 2025 outlook and publishes Q1 figures
Globenewswireยท 2025-05-05 09:40
Core Viewpoint - NNIT's financial performance in Q1 2025 was impacted by increased macroeconomic and geopolitical uncertainty, leading to an adjustment in the 2025 financial outlook [1] Financial Performance Summary - Q1 2025 Group revenue was DKK 464 million, slightly up from DKK 463 million in Q1 2024, but organic growth was negative at -0.8% compared to 8.0% in Q1 2024 [3][4] - Group operating profit excluding special items was DKK 18 million, down from DKK 24 million in Q1 2024, resulting in a margin of 3.9%, compared to 5.2% in the previous year [3][4] - Special items for the Group amounted to DKK 25 million, primarily due to restructuring costs, contrasting with an income of DKK 11.3 million in Q1 2024 [3][4] Regional Performance Summary - **Region Europe**: Revenue decreased to DKK 119 million from DKK 126 million, with a regional operating profit margin of 10.0%, down from 11.2% [4] - **Region US**: Revenue decreased to DKK 87 million from DKK 93 million, but regional operating profit margin improved to 30.4% from 19.0% [4] - **Region Asia**: Revenue increased to DKK 37 million from DKK 32 million, with a regional operating profit margin of 7.6%, up from -5.3% [4] - **Region Denmark**: Revenue increased to DKK 221 million from DKK 212 million, but regional operating profit margin decreased to 15.1% from 22.6% [4] Outlook and Cost Management - Organic revenue growth is now expected to be between 0% to 5%, down from a previous forecast of 7% to 10%, due to project postponements and slower sales pipeline materialization [2] - The Group operating profit margin excluding special items is maintained at 7% to 9%, supported by significant cost-reducing initiatives, including capacity adjustments and reduced spending [2][4]