Core Viewpoint - NNIT has updated its financial outlook for 2025 due to a slowdown in market and customer activity, leading to a suspension of its mid-term financial aspirations [1][4][5] Financial Outlook for 2025 - Organic revenue growth for 2025 is now anticipated to be around -3%, a decrease from the previous expectation of 0-5% [2] - The expected operating profit margin excluding special items is revised to around 5.5%, down from the previous low end of 7-9% [2] - Special items are now expected to be around DKK 83 million, an increase from the previous estimate of up to DKK 69 million, primarily due to an accelerated strategic process and cost-out project [2] Performance Drivers - The lower-than-expected financial performance is attributed to a temporary disruption in the US region, where several larger projects have been postponed to 2026 [3] - The US business has experienced a slowdown in new contract wins, negatively impacting revenue generation in the fourth quarter [3] - In Europe, performance remains subpar, with larger customers hesitant to enter new contracts [3] Mid-term Financial Aspirations - The mid-term financial aspirations communicated in February 2025 have been suspended due to increasing uncertainty in the macroeconomic and geopolitical environment [4][5] - The previously announced targets of annual organic revenue growth of 7 to 10% and an operating profit margin above 10% in 2027 are no longer in effect [5] Company Overview - NNIT is a leading provider of IT solutions, focusing on high complexity industries, particularly in life sciences and the public and private sectors in Denmark [6][8] - The company employs around 1,600 people across Europe, Asia, and the USA [8]

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]