NNIT A/S

05/2021 Financial report for the first three months of 2021

Company announcement 05/2021: Financial report for the first three months of 2021

Revenue increase of 1.2% and an operating profit margin before special items of 6.6%

Performance highlights for the first three months of 2021

• Revenue increased to DKK 731m, up 1.2% (-1.7% organic) from Q1 2020, driven by:
  
  
  • Life Sciences (excluding Novo Nordisk Group) grew to DKK 228m, up 43% (30% organic). This increase was mainly related to the continued significant growth of the Life Sciences International business, where revenues increased by 73% (49% organic) to DKK 159m, while revenue from Life Sciences Denmark increased by 3.0% to DKK 69m. 
  • Novo Nordisk Group revenue declined 14% to DKK 159m
  • Private & Public business revenue decreased by 9.0% to DKK 344m, mainly due to the loss of the Pandora agreement, but partly countered by increased sales of Winning Solutions
  • Winning Solutions now constitutes 49% of total revenue, up from 44% in Q1 2020
    
    
• Operating profit margin before special items was 6.6%, up from 6.5% in Q1 2020 positively impacted by a settlement of DKK 7m within Private & Public
  
  
• Net profit amounted to DKK 31m, down from DKK 35m in Q1 2020
  
  
• Order backlog for 2021 at the beginning of Q2 2021 amounted to DKK 2,379m, an increase of 4.0% over the same time last year, a positive development considering the change in overall mix towards project-based business
  
  
• Outlook for 2021:
  Guidance for 2021 is maintained:

• • Revenue growth of 1-4%
  • Operating profit margin before special items of 6-7%
  • Investment level of 5-7% of total revenue excluding acquisitions

        The outlook may still be influenced by the continued uncertainty relating to the COVID-19 situation

Per Kogut, CEO of NNIT, comments: “In Q1 we experienced the continued strong growth within International Life Sciences business, with Excellis performing to plan. Our Private & Public business started to see positive momentum in relation to the Winning Solutions strategy which now constitutes 49% of NNIT revenue. Expectations for 2021 remain positive and we maintain our financial guidance.”

Conference call details

NNIT will host a teleconference on May 7, 2021 at 9:30 CET to present the financial report for the first three months of 2021. Please visit the NNIT website www.nnit.com to access the teleconference, which can be found under ‘Investors – Events & Presentations’. Presentation material will be available on the website approximately one hour prior to the start of the presentation.