NNIT A/S: 1/2016 Financial report for 2015 and Annual General Meeting 2016

NNIT delivers organic revenue growth of 7.9%, an operating profit margin of 10.3% and free cash flow growth of 38% in 2015.

Performance highlights for 2015: 

• Revenue increased by 7.0% in constant currencies to DKK 2,579m and by 7.9% in reported currencies to DKK 2,600m
• Operating profit margin was 11.6% in constant currencies and 10.3% in reported currencies. Reported operating profit was negatively impacted by currency headwind
• Operating profit increased by 13.0% to DKK 300m in constant currencies and operating profit in reported currencies increased by 1.4% to DKK 269m reflecting a negative impact from currency development
• Net profit increased by 1.5% to DKK 212m in reported currencies mainly due to a higher operating profit
• Free cash flow increased by 38% to DKK 211m driven by a strong operating cash flow
• Order backlog for 2016 at the beginning of Q1 2016 increased by DKK 104m to DKK 2,020m, corresponding to 5.4% compared with the order backlog for 2015 at the beginning of Q1 2015

Outlook for 2016 in constant currencies:

• Revenue in constant currencies is forecasted to grow at least 5%, and  revenue growth in reported currencies is expected to be at the same level  based on current exchange rates
• Operating profit margin is forecasted to be 10-11% in constant currencies, whereas operating profit margin in reported currencies is expected to be around 0.3pp higher based on current exchange rates

Per Kogut, CEO at NNIT comments: "In our first year as a listed company, the performance has been reassuring and we have delivered on our targets. Despite a competitive market and currency headwinds, we have been able to deliver organic revenue growth of 7.9% and an operating profit margin of 10.3%.
Our encouraging results - including the strong increase in free cash flow of 38% - allow us to propose a dividend of DKK 4.00 per share corresponding to a pay-out ratio 46% of net profit."

The Annual report 2015 is available on www.nnit.com.
  
Conference call details
NNIT will host a teleconference January 27, 2016 at 10:30 CET about the financial report for 2015. Please visit the NNIT webpage at www.nnit.com to access the teleconference, which can be found under 'Investors - Downloads'. Presentation material will be available on the website approximately one hour prior to the start of the presentation.

Contacts for further information
Investor relations:
Jesper Vesterbæk Wagener
Head of Investor Relations
Tel: +45 3075 5392
jvwa@nnit.com

Media relations:
Rikke Dalager
Head of Communications
Tel: +45 3077 8080
rida@nnit.com

About NNIT
NNIT A/S is one of Denmark's leading IT service providers and consultancies. NNIT A/S offers a wide range of IT services and solutions to its customers, primarily in the life sciences sector in Denmark and internationally and to customers in the public, enterprise and finance sectors in Denmark. As of December 31, 2015, NNIT A/S had 2,538 employees.
For more information please visit www.nnit.com.