NNIT presented its full-year report for 2016 in a presentation spanning highlights for the year, sales and backlog figures, financial performance, and an outlook for 2017. Key points included revenue growth of 6.3% to DKK 2,765 million and operating profit growth of 8.8% to DKK 293 million. The order backlog increased 3.6% to DKK 2,093 million. Segment revenue growth was driven by life sciences customers outside Novo Nordisk and strong growth in the enterprise and finance segments.
NNIT reported financial results for the first six months of 2017, with revenue growing 6.3% to DKK 1,404 million. Operating profit increased 5.3% to DKK 133 million and net profit grew 11.7% to DKK 103 million. Order backlog increased 5.4% to DKK 2,659 million. Revenue growth was driven by new customers in life sciences and enterprise segments, while margins declined slightly due to lower activity from Novo Nordisk and onboarding costs for new customers. NNIT affirmed its outlook for 2017.
The document provides highlights and financial information for NNIT for the first six months of 2018. Key points include:
- Revenue for Q2 2018 increased 8.3% to DKK 753 million and increased 2.9% to DKK 1,451 million for the first six months of 2018.
- Operating profit for Q2 2018 was DKK 75 million, up 22%, and was DKK 135 million for the first six months, down 0.6%.
- Order backlog for 2018 increased 0.4% to DKK 2,682 million compared to the same period in 2017.
The document provides financial highlights for NNIT's first nine months of 2017, including a 2.1% increase in revenue to DKK 2,080m and a 3.3% increase in order backlog to DKK 2,750m. Revenue growth was negatively impacted by a one-time DKK 33m revenue reversal from an arbitration settlement. Operating profit declined 16.6% to DKK 163.6m due to the revenue reversal and lower margin project work for Novo Nordisk. Segment revenue increased for life sciences and enterprise customers but declined for public sector and Novo Nordisk customers.
NNIT reported financial results for the first quarter of 2018. Revenue declined 2.3% to DKK 699 million due to a 20% decline in revenue from Novo Nordisk. Operating profit was DKK 61 million with an operating margin of 8.7%. Order backlog for 2018 increased 2.8% to DKK 2,487 million. Major new contract wins in the quarter included an infrastructure outsourcing contract and an SAP implementation project. The outlook for 2018 was maintained.
NNIT reported financial results for Q4 2017 and full year 2017. For Q4, revenue increased 5.6% to DKK 812 million driven by growth in life sciences and enterprise customers. Operating profit grew 16.9% to DKK 113 million and net profit increased 19.6% to DKK 86 million. For the full year, revenue grew 4.6% while operating profit declined 5.5% and net profit grew 0.4% due to the impact of settlements earlier in 2017. NNIT also provided commentary on business segment performance and outlook.
First three months of 2017 Roadshow presentationNNiTInvestor
NNIT reported financial results for the first quarter of 2017. Revenue increased 4.3% to DKK 715 million, while operating profit rose 8% to DKK 73 million. Order backlog grew 7.9% organically to DKK 2,385 million. NNIT also announced the renewal of its global infrastructure agreement with Novo Nordisk and the acquisition of Dynamics AX consultancy SCALES.
Third Quarter 2017 Earnings Call Presentationcorporationlkq
- LKQ reported revenue of $2.5B for Q3 2017, up 11.7% from Q3 2016, and revenue of $7.3B for the first nine months of 2017, up 13% from the same period in 2016. Organic revenue growth was 3.2% for Q3 and 3.8% for the first nine months.
- Income from continuing operations was $122M for Q3 2017 compared to $110M for Q3 2016. For the first nine months it was $414M in 2017 compared to $360M in 2016.
- Inventory levels are sufficient to support growth targets, with aftermarket purchases up 9.3% in Q3 2017 and 12
NNIT reported financial results for the first six months of 2017, with revenue growing 6.3% to DKK 1,404 million. Operating profit increased 5.3% to DKK 133 million and net profit grew 11.7% to DKK 103 million. Order backlog increased 5.4% to DKK 2,659 million. Revenue growth was driven by new customers in life sciences and enterprise segments, while margins declined slightly due to lower activity from Novo Nordisk and onboarding costs for new customers. NNIT affirmed its outlook for 2017.
The document provides highlights and financial information for NNIT for the first six months of 2018. Key points include:
- Revenue for Q2 2018 increased 8.3% to DKK 753 million and increased 2.9% to DKK 1,451 million for the first six months of 2018.
- Operating profit for Q2 2018 was DKK 75 million, up 22%, and was DKK 135 million for the first six months, down 0.6%.
- Order backlog for 2018 increased 0.4% to DKK 2,682 million compared to the same period in 2017.
The document provides financial highlights for NNIT's first nine months of 2017, including a 2.1% increase in revenue to DKK 2,080m and a 3.3% increase in order backlog to DKK 2,750m. Revenue growth was negatively impacted by a one-time DKK 33m revenue reversal from an arbitration settlement. Operating profit declined 16.6% to DKK 163.6m due to the revenue reversal and lower margin project work for Novo Nordisk. Segment revenue increased for life sciences and enterprise customers but declined for public sector and Novo Nordisk customers.
NNIT reported financial results for the first quarter of 2018. Revenue declined 2.3% to DKK 699 million due to a 20% decline in revenue from Novo Nordisk. Operating profit was DKK 61 million with an operating margin of 8.7%. Order backlog for 2018 increased 2.8% to DKK 2,487 million. Major new contract wins in the quarter included an infrastructure outsourcing contract and an SAP implementation project. The outlook for 2018 was maintained.
NNIT reported financial results for Q4 2017 and full year 2017. For Q4, revenue increased 5.6% to DKK 812 million driven by growth in life sciences and enterprise customers. Operating profit grew 16.9% to DKK 113 million and net profit increased 19.6% to DKK 86 million. For the full year, revenue grew 4.6% while operating profit declined 5.5% and net profit grew 0.4% due to the impact of settlements earlier in 2017. NNIT also provided commentary on business segment performance and outlook.
First three months of 2017 Roadshow presentationNNiTInvestor
NNIT reported financial results for the first quarter of 2017. Revenue increased 4.3% to DKK 715 million, while operating profit rose 8% to DKK 73 million. Order backlog grew 7.9% organically to DKK 2,385 million. NNIT also announced the renewal of its global infrastructure agreement with Novo Nordisk and the acquisition of Dynamics AX consultancy SCALES.
Third Quarter 2017 Earnings Call Presentationcorporationlkq
- LKQ reported revenue of $2.5B for Q3 2017, up 11.7% from Q3 2016, and revenue of $7.3B for the first nine months of 2017, up 13% from the same period in 2016. Organic revenue growth was 3.2% for Q3 and 3.8% for the first nine months.
- Income from continuing operations was $122M for Q3 2017 compared to $110M for Q3 2016. For the first nine months it was $414M in 2017 compared to $360M in 2016.
- Inventory levels are sufficient to support growth targets, with aftermarket purchases up 9.3% in Q3 2017 and 12
- Klöckner & Co SE reported Q3 2012 results, with sales down 2.0% year-over-year to €1,847 million due to a 4.6% decline in Europe offset by 9.4% growth in the Americas. EBITDA was €19 million, below guidance due to further price pressure.
- The company plans to significantly expand the scope of its restructuring program to close approximately 60 sites, reduce headcount by over 1,800, and increase annual EBITDA by around €150 million starting in 2014.
- For the full year, sales are up 7.4% to €5,755 million due to organic growth in the Americas compensating for
- LKQ reported revenue of $9.7B for Q4 2017, up 14.9% year-over-year, and $37B for full year 2017, up 13.4% year-over-year. Organic growth was a major contributor.
- Net income for Q4 2017 was $126M, up 31% year-over-year, and $540M for full year 2017, up 18% year-over-year.
- Segment EBITDA margins were 10.3% for Q4 2017 and 11.5% for full year 2017.
1) The document discusses forward-looking statements and non-GAAP financial information presented by Morgan Stanley at its 5th Annual Laguna Conference on September 13, 2017.
2) It provides an overview of Ingersoll Rand, including its history, market capitalization, revenues, business segments, brands, and focus on global megatrends related to climate change, urbanization, and efficiency.
3) Ingersoll Rand has executed a consistent strategy focused on operational excellence, organic growth, dynamic capital allocation, and a winning culture, delivering top-tier revenue growth, margins, cash flow, and returns over recent years.
Wood Group reported financial results for the first half of 2013, with the following highlights:
- Revenue increased 3% to $3.447 billion and EBITA grew 19% to $243 million.
- EBITA margin improved from 6.1% to 7.1% and adjusted diluted EPS grew 19% to 44.5 cents.
- The company expects to achieve full-year performance in line with expectations and remains positioned for future growth.
- Rockwell Automation held a fiscal year 2017 third quarter conference call on July 26, 2017 to discuss financial results and outlook.
- For the third quarter, organic sales were up 8.2% year-over-year driven by double-digit growth in Asia Pacific and Latin America. Adjusted EPS grew 14% to $1.76.
- For the full fiscal year, Rockwell is increasing its adjusted EPS guidance range to $6.60-$6.80, reflecting continued expected organic sales growth of 6% and adjusted EPS growth of 13% at the midpoint.
Lkq second quarter 2017 earnings call presentationcorporationlkq
- LKQ reported revenue of $2.458 billion for Q2 2017, up 6.7% from Q2 2016, with organic growth of parts and services revenue of 3.8%. Net income was $150.9 million.
- For YTD 2017, revenue was $4.801 billion, up 13.6% from YTD 2016, with organic growth of parts and services revenue of 4.1%. Net income was $291.7 million.
- Segment EBITDA margins were 12.4% for Q2 2017 and YTD 2017, down from 13.0% for Q2 2016 but flat compared to 12.7% for YTD 2016.
Suominen Corporation reported financial results for Q4 and full year 2016. Net sales and operating profit did not meet expectations due to pricing pressure and lower volumes. However, cash flow from operations remained strong. A major investment in Bethune, SC was completed on schedule and will provide new growth opportunities once production begins in Q1 2017. For 2017, Suominen aims to increase net sales above 600M Euros and reach an operating profit of over 10% through execution of its 2017-2021 strategy.
The document provides an investor update on AkzoNobel's Q2 2013 results. Key highlights include revenue declining 4% due to divestments, operating income of €322 million, and net income attributable to shareholders of €429 million. Challenging market conditions impacted Decorative Paints and Specialty Chemicals in particular. The Performance Improvement Program delivered €131 million in benefits in 1H2013 and is on track to achieve its €500 million target by year-end. Restructuring costs are expected to be €325 million for the full year.
Barry Callebaut Group - Half-Year Results Fiscal Year 2017/18 - Media/Analyst...Barry Callebaut
Antoine de Saint-Affrique, CEO of the Barry Callebaut Group, said: “We had a very strong performance in the first six months of the current fiscal year, which was supported by all product groups and regions, as well as our key growth drivers. This resulted in the continued improvement of our profitability, driven by a favorable mix, operational leverage and a more supportive market.”
Federal Bank reported a 6.5% quarter-on-quarter and 38.9% year-on-year rise in net profit to 140 crore rupees, above estimates due to higher non-interest income. While advances and deposits growth was muted, the bank saw strong growth in low-cost CASA deposits. Gross and net NPAs increased substantially, though provisions remained high at 92% of gross NPAs. Slippages continued to be high at 3.8% of loans annually.
Klöckner & Co - Roadshow Presentation April 2012Klöckner & Co SE
Klöckner & Co SE is a leading multi-metal distributor that delivered on its guidance for FY 2011. While sales grew 36.5% to €7.1 billion, EBITDA declined slightly to €217 million due to economic downturn. The company exceeded its "Klöckner & Co 2020" strategy target with sales of over €7 billion. It integrated recent acquisitions like Macsteel in the US and Frefer in Brazil. Klöckner aims to further optimize its business and capture cross-selling opportunities from the Macsteel acquisition in 2012.
- WestRock reported Q2 FY17 results with adjusted EPS of $0.54 and adjusted free cash flow of $109 million.
- Segment sales were $3.656 billion. Productivity initiatives contributed $103 million in cost savings.
- Corrugated packaging sales were $2.065 billion. North America EBITDA margin was 15.9%.
- Consumer packaging sales were $1.555 billion. Adjusted segment EBITDA margin increased 100 bps to 15.1%.
- Land and development segment income was $18 million, excluding a $43 million impairment charge. The monetization program is on track to generate $150-175 million in after-tax cash flow for
Klöckner & Co - Roadshow Presentation March 2012Klöckner & Co SE
The document summarizes Klöckner & Co SE's full year 2011 results and outlook. Key highlights include sales and turnover growing significantly year-over-year despite economic challenges. EBITDA was lower due to restructuring costs, but net income was slightly positive. The company delivered on its guidance and strategic acquisition of Macsteel catapulted it to #3 in the US steel distribution market. Restructuring measures are expected to improve profitability going forward.
The corporate presentation discusses PFSweb's financial performance and outlook. It provides key metrics such as service fee equivalent revenue, which was $185.3 million in 2015 and is projected to be $225 million in 2016. Adjusted EBITDA was $20.7 million in 2015 and is estimated to be $22.5 million in 2016. The presentation also outlines PFSweb's business segments and global operations across major eCommerce platforms. It positions the company as the only global provider of end-to-end eCommerce solutions and discusses how strategic acquisitions have expanded its total addressable market.
The document provides an overview of the company's financial results for the year ended 31 December 2013. Key highlights include:
- Profit before tax increased 25% to $313.3 million.
- Gross written premiums grew 4% to $1,970.2 million.
- The combined ratio improved to 84% from 91% the prior year.
- A special dividend of 16.1p per share was declared, in addition to the regular dividend of 8.8p per share.
- The underwriting performance was strong across all divisions with prior year reserve releases and rate increases achieved.
TCS recently reported its Q1FY15 results, which were in line on revenue front & at operating level. However, the net profits were above estimates, aided by higher other income. Buy on dips.
Lkq corporations fourth quarter and full year 2016 earnings call presentationcorporationlkq
Fourth Quarter & Full Year 2016 Earnings Call
- For Q4 2016, revenue increased 23.0% to $2.15 billion due to a 22.2% increase from acquisitions and 3.8% organic growth. Income from continuing operations was $96.3 million.
- For full year 2016, revenue increased 19.3% to $8.58 billion due to an 18.0% increase from acquisitions and 3.7% organic growth. Income from continuing operations was $456.1 million.
- Key acquisitions in 2016 included Rhiag-Inter Auto Parts Italia S.p.A. and the aftermarket glass business of PPG Industries, which
SpareBank 1 Gruppen reported its best first quarter results in history. Net profit was MNOK 315, up 58% from the same period last year. Return on equity was a strong 23.1% compared to 15.9% in the first quarter of 2012. Both life and property/casualty insurance saw improved results. The merger of life and property/casualty insurance into a single business area called SpareBank 1 Forsikring will create better customer experiences and greater competitiveness. Factoring and portfolio management activities grew while profitability weakened in debt collection. Overall, the results demonstrate the benefits of the SpareBank 1 alliance model and position the company for continued strong performance.
This document summarizes the 2013 results for Kepler Weber. It reported record net revenues of R$594.8 million, nearly doubling operational profit and net profit. EBITDA increased 73% to R$98.3 million with margins reaching 16.5%. Debt was reduced substantially. Strong results in the 4th quarter confirmed the successful strategy of investments, optimizations, diversification and expanding products. Kepler Weber is well positioned for continued growth in 2014.
In the first six months of 2017, NNIT saw revenue growth of 6.3% to DKK 1,404 million. Operating profit increased 6.3% to DKK 133 million and net profit grew 11.7% to DKK 103.4 million. Order backlog increased 5.4% to DKK 2,659 million. Revenue growth was driven by life sciences customers outside Novo Nordisk and new customers in the enterprise segment. Operating profit margin declined slightly due to lower margin projects from Novo Nordisk and onboarding new customers. The outlook for 2017 remains unchanged with organic revenue growth of 3-5% and an operating profit margin above 9%.
Klöckner & Co SE - Q1 2017 Results - Analysts' and Investors' ConferenceKlöckner & Co SE
Klöckner & Co SE reported strong results for Q1 2017, with sales increasing 15.6% year-over-year to €1.6 billion due to higher steel prices. Gross profit margin improved to 22.9% from 22.0% in Q1 2016. EBITDA more than quadrupled to €77 million, exceeding guidance. For full-year 2017, EBITDA is expected to noticeably increase over 2016 levels as higher sales and prices are anticipated to continue.
- Klöckner & Co SE reported Q3 2012 results, with sales down 2.0% year-over-year to €1,847 million due to a 4.6% decline in Europe offset by 9.4% growth in the Americas. EBITDA was €19 million, below guidance due to further price pressure.
- The company plans to significantly expand the scope of its restructuring program to close approximately 60 sites, reduce headcount by over 1,800, and increase annual EBITDA by around €150 million starting in 2014.
- For the full year, sales are up 7.4% to €5,755 million due to organic growth in the Americas compensating for
- LKQ reported revenue of $9.7B for Q4 2017, up 14.9% year-over-year, and $37B for full year 2017, up 13.4% year-over-year. Organic growth was a major contributor.
- Net income for Q4 2017 was $126M, up 31% year-over-year, and $540M for full year 2017, up 18% year-over-year.
- Segment EBITDA margins were 10.3% for Q4 2017 and 11.5% for full year 2017.
1) The document discusses forward-looking statements and non-GAAP financial information presented by Morgan Stanley at its 5th Annual Laguna Conference on September 13, 2017.
2) It provides an overview of Ingersoll Rand, including its history, market capitalization, revenues, business segments, brands, and focus on global megatrends related to climate change, urbanization, and efficiency.
3) Ingersoll Rand has executed a consistent strategy focused on operational excellence, organic growth, dynamic capital allocation, and a winning culture, delivering top-tier revenue growth, margins, cash flow, and returns over recent years.
Wood Group reported financial results for the first half of 2013, with the following highlights:
- Revenue increased 3% to $3.447 billion and EBITA grew 19% to $243 million.
- EBITA margin improved from 6.1% to 7.1% and adjusted diluted EPS grew 19% to 44.5 cents.
- The company expects to achieve full-year performance in line with expectations and remains positioned for future growth.
- Rockwell Automation held a fiscal year 2017 third quarter conference call on July 26, 2017 to discuss financial results and outlook.
- For the third quarter, organic sales were up 8.2% year-over-year driven by double-digit growth in Asia Pacific and Latin America. Adjusted EPS grew 14% to $1.76.
- For the full fiscal year, Rockwell is increasing its adjusted EPS guidance range to $6.60-$6.80, reflecting continued expected organic sales growth of 6% and adjusted EPS growth of 13% at the midpoint.
Lkq second quarter 2017 earnings call presentationcorporationlkq
- LKQ reported revenue of $2.458 billion for Q2 2017, up 6.7% from Q2 2016, with organic growth of parts and services revenue of 3.8%. Net income was $150.9 million.
- For YTD 2017, revenue was $4.801 billion, up 13.6% from YTD 2016, with organic growth of parts and services revenue of 4.1%. Net income was $291.7 million.
- Segment EBITDA margins were 12.4% for Q2 2017 and YTD 2017, down from 13.0% for Q2 2016 but flat compared to 12.7% for YTD 2016.
Suominen Corporation reported financial results for Q4 and full year 2016. Net sales and operating profit did not meet expectations due to pricing pressure and lower volumes. However, cash flow from operations remained strong. A major investment in Bethune, SC was completed on schedule and will provide new growth opportunities once production begins in Q1 2017. For 2017, Suominen aims to increase net sales above 600M Euros and reach an operating profit of over 10% through execution of its 2017-2021 strategy.
The document provides an investor update on AkzoNobel's Q2 2013 results. Key highlights include revenue declining 4% due to divestments, operating income of €322 million, and net income attributable to shareholders of €429 million. Challenging market conditions impacted Decorative Paints and Specialty Chemicals in particular. The Performance Improvement Program delivered €131 million in benefits in 1H2013 and is on track to achieve its €500 million target by year-end. Restructuring costs are expected to be €325 million for the full year.
Barry Callebaut Group - Half-Year Results Fiscal Year 2017/18 - Media/Analyst...Barry Callebaut
Antoine de Saint-Affrique, CEO of the Barry Callebaut Group, said: “We had a very strong performance in the first six months of the current fiscal year, which was supported by all product groups and regions, as well as our key growth drivers. This resulted in the continued improvement of our profitability, driven by a favorable mix, operational leverage and a more supportive market.”
Federal Bank reported a 6.5% quarter-on-quarter and 38.9% year-on-year rise in net profit to 140 crore rupees, above estimates due to higher non-interest income. While advances and deposits growth was muted, the bank saw strong growth in low-cost CASA deposits. Gross and net NPAs increased substantially, though provisions remained high at 92% of gross NPAs. Slippages continued to be high at 3.8% of loans annually.
Klöckner & Co - Roadshow Presentation April 2012Klöckner & Co SE
Klöckner & Co SE is a leading multi-metal distributor that delivered on its guidance for FY 2011. While sales grew 36.5% to €7.1 billion, EBITDA declined slightly to €217 million due to economic downturn. The company exceeded its "Klöckner & Co 2020" strategy target with sales of over €7 billion. It integrated recent acquisitions like Macsteel in the US and Frefer in Brazil. Klöckner aims to further optimize its business and capture cross-selling opportunities from the Macsteel acquisition in 2012.
- WestRock reported Q2 FY17 results with adjusted EPS of $0.54 and adjusted free cash flow of $109 million.
- Segment sales were $3.656 billion. Productivity initiatives contributed $103 million in cost savings.
- Corrugated packaging sales were $2.065 billion. North America EBITDA margin was 15.9%.
- Consumer packaging sales were $1.555 billion. Adjusted segment EBITDA margin increased 100 bps to 15.1%.
- Land and development segment income was $18 million, excluding a $43 million impairment charge. The monetization program is on track to generate $150-175 million in after-tax cash flow for
Klöckner & Co - Roadshow Presentation March 2012Klöckner & Co SE
The document summarizes Klöckner & Co SE's full year 2011 results and outlook. Key highlights include sales and turnover growing significantly year-over-year despite economic challenges. EBITDA was lower due to restructuring costs, but net income was slightly positive. The company delivered on its guidance and strategic acquisition of Macsteel catapulted it to #3 in the US steel distribution market. Restructuring measures are expected to improve profitability going forward.
The corporate presentation discusses PFSweb's financial performance and outlook. It provides key metrics such as service fee equivalent revenue, which was $185.3 million in 2015 and is projected to be $225 million in 2016. Adjusted EBITDA was $20.7 million in 2015 and is estimated to be $22.5 million in 2016. The presentation also outlines PFSweb's business segments and global operations across major eCommerce platforms. It positions the company as the only global provider of end-to-end eCommerce solutions and discusses how strategic acquisitions have expanded its total addressable market.
The document provides an overview of the company's financial results for the year ended 31 December 2013. Key highlights include:
- Profit before tax increased 25% to $313.3 million.
- Gross written premiums grew 4% to $1,970.2 million.
- The combined ratio improved to 84% from 91% the prior year.
- A special dividend of 16.1p per share was declared, in addition to the regular dividend of 8.8p per share.
- The underwriting performance was strong across all divisions with prior year reserve releases and rate increases achieved.
TCS recently reported its Q1FY15 results, which were in line on revenue front & at operating level. However, the net profits were above estimates, aided by higher other income. Buy on dips.
Lkq corporations fourth quarter and full year 2016 earnings call presentationcorporationlkq
Fourth Quarter & Full Year 2016 Earnings Call
- For Q4 2016, revenue increased 23.0% to $2.15 billion due to a 22.2% increase from acquisitions and 3.8% organic growth. Income from continuing operations was $96.3 million.
- For full year 2016, revenue increased 19.3% to $8.58 billion due to an 18.0% increase from acquisitions and 3.7% organic growth. Income from continuing operations was $456.1 million.
- Key acquisitions in 2016 included Rhiag-Inter Auto Parts Italia S.p.A. and the aftermarket glass business of PPG Industries, which
SpareBank 1 Gruppen reported its best first quarter results in history. Net profit was MNOK 315, up 58% from the same period last year. Return on equity was a strong 23.1% compared to 15.9% in the first quarter of 2012. Both life and property/casualty insurance saw improved results. The merger of life and property/casualty insurance into a single business area called SpareBank 1 Forsikring will create better customer experiences and greater competitiveness. Factoring and portfolio management activities grew while profitability weakened in debt collection. Overall, the results demonstrate the benefits of the SpareBank 1 alliance model and position the company for continued strong performance.
This document summarizes the 2013 results for Kepler Weber. It reported record net revenues of R$594.8 million, nearly doubling operational profit and net profit. EBITDA increased 73% to R$98.3 million with margins reaching 16.5%. Debt was reduced substantially. Strong results in the 4th quarter confirmed the successful strategy of investments, optimizations, diversification and expanding products. Kepler Weber is well positioned for continued growth in 2014.
In the first six months of 2017, NNIT saw revenue growth of 6.3% to DKK 1,404 million. Operating profit increased 6.3% to DKK 133 million and net profit grew 11.7% to DKK 103.4 million. Order backlog increased 5.4% to DKK 2,659 million. Revenue growth was driven by life sciences customers outside Novo Nordisk and new customers in the enterprise segment. Operating profit margin declined slightly due to lower margin projects from Novo Nordisk and onboarding new customers. The outlook for 2017 remains unchanged with organic revenue growth of 3-5% and an operating profit margin above 9%.
Klöckner & Co SE - Q1 2017 Results - Analysts' and Investors' ConferenceKlöckner & Co SE
Klöckner & Co SE reported strong results for Q1 2017, with sales increasing 15.6% year-over-year to €1.6 billion due to higher steel prices. Gross profit margin improved to 22.9% from 22.0% in Q1 2016. EBITDA more than quadrupled to €77 million, exceeding guidance. For full-year 2017, EBITDA is expected to noticeably increase over 2016 levels as higher sales and prices are anticipated to continue.
Aegon concluded 2017 with solid fourth quarter results. The company's Solvency II ratio improved significantly to 201% due to strong capital generation of EUR 2.1 billion in 2017. Aegon outsourced administration of its US life and annuity businesses to TCS, which is expected to generate annual expense savings of USD 70-100 million. The company exceeded its target to reduce capital allocated to run-off businesses by nearly USD 5 billion since 2009. Aegon continues its transformation with increased focus on digitization.
Aegon concluded 2017 with solid fourth quarter results. The company's Solvency II ratio improved significantly to 201% due to strong capital generation of EUR 2.1 billion in 2017. Aegon outsourced administration of its US life and annuity businesses to TCS, which is expected to generate annual expense savings of USD 70-100 million. The company exceeded its target to reduce capital allocated to run-off businesses by nearly USD 5 billion since 2009. Aegon continues its transformation with increased focus on digitization.
Klöckner & Co SE - Q1 2017 Results - Press ConferenceKlöckner & Co SE
Klöckner & Co reported strong results for Q1 2017, with EBITDA more than quadrupling compared to Q1 2016. Sales increased 15.6% driven by higher prices. The gross profit margin increased due to rising steel prices and a focus on value-added products and services. The company's digitalization and One Europe restructuring strategies contributed to the improved results and remain a focus. Klöckner expects EBITDA to increase noticeably for FY 2017 compared to 2016.
Klöckner & Co SE - Q2 2017 Results - Press ConferenceKlöckner & Co SE
- Klöckner & Co reported sales of €1.64 billion for Q2 2017, up 8.1% year-over-year, while shipments were down 4.4% adjusted for business sales and discontinuations.
- EBITDA for Q2 was €63 million, within guidance of €60-70 million. EBITDA for the first half of 2017 was €140 million, up from €88 million in the prior year period.
- The company expects EBITDA of €35-45 million for Q3 2017 and an increase of over 10% in full year EBITDA compared to 2016.
Klöckner & Co SE Analysts' and Investors' Presentation Q2 2016Klöckner & Co SE
Analysts' and Investors' Presentation for the 2nd quarter results on August 4, 2016
More at https://www.kloeckner.com/en/veroeffentlichung-ergebnis-q2-2016.html
Klöckner & Co SE Analysts' and Investors' Presentation Q1 2016Klöckner & Co SE
Analysts' and Investors' Presentation for the 1st quarter results on May 4, 2016
More at https://www.kloeckner.com/en/dl/KCO/Kloeckner_Co_PressRelease_Q12016.pdf
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Klöckner & Co SE - Q2 2017 Results - Analysts' and Investors' ConferenceKlöckner & Co SE
- Klöckner & Co reported financial results for Q2 2017, with sales up 8.1% year-over-year to €1.6 billion due to higher prices. Shipments were down 4.4% due to divestitures.
- Gross profit decreased to €339 million and the gross margin fell to 20.6% from prior year's 23.8% due to price development and divestitures.
- EBITDA for Q2 was €63 million, in line with guidance but down from €88 million in the prior year period. EBITDA for the first half of 2017 was €140 million.
Leonardo's 1Q 2017 results presentation summarizes the company's financial performance for the first quarter of 2017. Key highlights include:
- New orders were in line with or above expectations across sectors such as helicopters, electronics, and aeronautics.
- Revenues were softer than the previous quarter due to expected lower volumes, though profitability continued to improve across sectors driven by efficiency improvements.
- Guidance for full-year 2017 is confirmed, with expectations for revenues to remain around 2016 levels and further improvements in profitability.
- Bruker reported revenue growth of 2.5% year-over-year for Q1 2017 to $384.9 million, driven by acquisitions offsetting declines in organic and currency revenue.
- Non-GAAP gross margin expanded 90 basis points and non-GAAP operating margin grew 20 basis points compared to Q1 2016.
- EPS declined to $0.19 per share from $0.21 per share in Q1 2016 due to a higher effective tax rate in the current period.
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2. The NNIT Presenting Team
2
Jesper Wagener
Head of Investor Relations
Carsten Krogsgaard
Thomsen
Chief Financial Officer
Per Ove Kogut
Chief Executive Officer
4. Forward looking statements
This presentation contains forward-looking statements. Words such as ‘believe’, ‘expect’,
‘may’, ‘will’, ‘plan’, ‘strategy’, ‘prospect’, ‘foresee’, ‘estimate’, ‘project’, ‘anticipate’, ‘can’,
‘intend’, ‘outlook’, ‘guidance’, ‘target’ and other words and terms of similar meaning in
connection with any discussion of future operating or financial performance identify
forward-looking statements. Statements regarding the future are subject to risks and
uncertainties that may result in considerable deviations from the outlook set forth.
Furthermore, some of these expectations are based on assumptions regarding future
events which may prove incorrect.
4
5. 2016 at a glance
5
Revenue
DKK 2,765m
Operating profit
DKK 293m
Operating profit margin
10.6%
Net profit
DKK 216m
Order backlog
DKK 2,093m
Free cash flow
DKK 188m
+8.8%+6.3% +0.2pp
+3.6%+1.5% -DKK 22m
+6.4% organic* +4.0% organic* -0.2pp organic*
*Organic is growth in constant currencies using Q4 2015 average exchange rates
6. Q4 2016 at a glance
6
Revenue
DKK 769m
Operating profit
DKK 97m
Operating profit margin
12.6%
Net profit
DKK 72m
Order backlog addition
DKK 103m
Free cash flow
DKK 70m
+4.7%+6.4% -0.2pp
-12.0%+6.0% DKK -18m
+6.4% organic* +0.8% organic* -0.7pp organic*
*Organic is growth in constant currencies using Q4 2015 average exchange rates
7. Amount Length
(DKK million) (years)
Application support Agreement
(Announced in press release 29 December)
Prolongation of Application Outsourcing agreement
(Announced in press release 21 December)
Prolongation of Operation Outsourcing agreement Life sciences Novo Nordisk Medium-double-digit 5
Operations Hardware agreement Life sciences Novo Nordisk Medium-double-digit 1
Operations Outsourcing Finance
Finance
customer
Small-double-digit 5
Consultancy Agreement Life sciences
Life sciences
customer
Small-double-digit 1
Q4
2016
4.5
Life sciences Lundbeck High-double-digit 4
Contract Segment Client
Enterprise PANDORA High-double-digit
Major wins
7
8. Backlog development
Backlog for 2017 is DKK 2,093m, which is an increase
of 3.6% compared to the start of 2016:
• New customers in the enterprise and finance
customer groups
• Expansion of contracts with existing customers
in the enterprise and finance customer groups
• Partly countered by a lower backlog with the Novo
Nordisk Group and price reductions in existing
contracts
The backlog for 2018 and 2019 decreased
9.3% y-o-y to DKK 1,965m:
• Several large outsourcing contracts expiring during
2017 and 2018 which are not yet renegotiated or
retendered
• All renewals or replacements of these contracts will
increase the backlog
8
9. Estimated growth in sale of ERP licenses in Denmark
1.517 1.571 1.651 1.724 1.791 1.859
2015 2016e 2017e 2018e 2019e 2020e
ERP license sales market share in Denmark (2015)
The Danish ERP Market
9
• NNIT is a Top 2 SAP IT service provider in
Denmark
• Interesting growth opportunities within MS
Dynamics AX
• Examples of current clients running MS
Dynamics AX are: PANDORA, Widex, Danish
Pharmacies….and NNIT
DKKm
DKKm
Source: Gartner, 2016
Estimated ERP service market in Denmark
4.552
5.576
2015 2020e
10. DKK million Q4 2016 Q4 2015 Change 2016 2015 Change
Revenue 768,9 722,9 6,4% 2.764,6 2.600,3 6,3%
Cost of goods sold 606,4 564,6 7,4% 2.223,0 2.083,0 6,7%
Gross profit 162,5 158,3 2,6% 541,6 517,3 4,7%
Gross profit margin 21,1% 21,9% -0.8pp 19,6% 19,9% -0.3pp
Sales and marketing costs 36,7 35,2 4,3% 134,8 129,6 4,0%
Administrative expenses 29,0 30,6 -5,5% 113,9 118,6 -3,9%
Operating profit 96,8 92,5 4,7% 292,9 269,1 8,8%
Operating profit margin 12,6% 12,8% -0.2pp 10,6% 10,3% 0.2pp
Net financials -2,1 -0,5 n.a. -12,6 3,1 n.a.
Profit before tax 94,7 92,0 2,9% 280,3 272,2 3,0%
Tax 22,5 23,8 -5,8% 64,6 59,8 8,0%
Effective tax rate 23,7% 25,9% -2.2pp 23,0% 22,0% 1.1pp
Net profit 72,2 68,2 6,0% 215,7 212,4 1,5%
Financial statement
10
Organic revenue growth of 6.3% (Q4: 6.4%)
Cost of goods sold increased by 6.7%
(Q4: 7.4%) mainly due to:
• One-off severance payment of DKK 10m and
lower level of higher margin projects (Q4)
• Provision for loss on a project in the public
customer group (Q1)
• Dispute with another customer in the public
customer group (Q3), now settled
Operating profit margin of 10.6% (Q4: 12.6%)
Net financials negatively impacted (2016 and Q4) by:
• Losses on cash flow hedges
• Negative net value adjustment of Novo Nordisk
shares and long-term incentive program liability for
previous years
Effective tax rate of 23.0% (Q4: 23.7%)
with a Danish Corporate tax rate of 22%
• Impacted by negative net value adjustment of Novo
Nordisk shares
Net profits increased 1.5% (Q4: 6.0%)
11. Novo Nordisk revenue decreased by 5.9%
(Q4: decreased by 16.1%).
Life sciences revenue outside Novo Nordisk
grew by 7.4% (Q4: 17.1%). The growth in Q4
was driven by new orders from previous
quarters.
Enterprise revenue grew by 41.8%
(Q4: 74.1%) driven by existing customers as
well as PANDORA and Widex.
Public revenue grew by 2.7%
(Q4: increased 12.4%). Revenue was
impacted by a settlement with a customer and
price reductions in some outsourcing contracts
which have only partly been offset by
increased project activity.
Finance revenue increased 24.1%
(Q4: 19.1%) due to expansion of several
existing customer contracts and new
customers such as e-nettet and Købstædernes
Forsikring/Propermo.
DKKm Q4 2016 Q4 2015 Change 2016 2015 Change
Life Sciences 431,2 479,4 -10,1% 1.597,0 1.649,7 -3,2%
Hereof Novo Nordisk Group 328,7 391,9 -16,1% 1.238,4 1.315,8 -5,9%
Hereof other Life Sciences 102,5 87,5 17,1% 358,6 334,0 7,4%
Enterprise 170,5 97,9 74,1% 545,6 384,7 41,8%
Public 103,5 92,1 12,4% 385,3 375,1 2,7%
Finance 63,8 53,5 19,1% 236,7 190,8 24,1%
Total 768,9 722,9 6,4% 2.764,6 2.600,3 6,3%
Segment development
11
12. Revenue development last 5 years
12
Significant change in segmental
revenue during 2016.
2012-2015 Novo Nordisk revenue
CAGR was 4% while 2016 revenue
declined 6%.
2012-2015 other segments revenue
CAGR was 14% while 2016 revenue
grew 19%.
Change in revenue development from
Novo Nordisk after Q1 2016.
Other segments revenue growth in 2H
was impacted by new customers as
well as existing customers within the
Enterprise and Finance segments.
13. DKKm Q4 2016 Q4 2015 Change 2016 2015 Change
Revenue
Novo Nordisk Group 225,9 270,9 -16,6% 841,4 889,9 -5,4%
Non-Novo Nordisk Group 289,7 219,8 31,8% 982,3 850,5 15,5%
Total 515,6 490,7 5,1% 1.823,7 1.740,4 4,8%
Costs 447,9 430,7 4,0% 1.616,9 1.568,2 3,1%
Operating profit 67,7 60,0 12,9% 206,8 172,2 20,1%
Operating profit margin 13,1% 12,2% 0.9pp 11,3% 9,9% 1.4pp
IT Operations
2016 revenue growth of 4.8% (Q4: 5.1%):
• Driven by new and existing large
outsourcing customers primarily within the
enterprise segment
• Negatively impacted by decline in Novo
Nordisk revenue of 15.5% due to less
project activity compared to 2015
2016 operating profit margins increased 1.4pp
to 11.3% (Q4: 0.5pp to 13.1%):
• Profit margin positively impacted by the
growth in revenue
• Efficiency measures implemented last year
combined with stable operations positively
impacted operating profits
13
14. DKKm Q4 2016 Q4 2015 Change 2016 2015 Change
Revenue
Novo Nordisk Group 102,7 121,0 -15,1% 397,0 425,9 -6,8%
Non-Novo Nordisk Group 150,5 111,2 35,3% 543,9 434,0 25,3%
Total 253,2 232,2 9,1% 940,9 859,9 9,4%
Costs 224,1 199,7 12,2% 854,8 763,0 12,0%
Operating profit 29,1 32,5 -10,5% 86,1 96,9 -11,2%
Operating profit margin 11,5% 14,0% -2.5pp 9,1% 11,3% -2.1pp
IT Solutions
2016 revenue growth of 9.4% (Q4: 9.1%):
• The revenue increase was driven by
revenue from customers
outside the Novo Nordisk Group
• Revenue from the Novo Nordisk Group
decreased 15.1% partly due to lower
project activity and partly due to a strong
comparison base in 2015 with non-recurring
projects in connection with the separation
from Novo Nordisk being finalized
2016 operating profit margins decreased 2.1pp
to 9.1% (Q4: -2.5pp to 11.5%):
• Lower level of higher margin projects from
Novo Nordisk (Q4)
• Increased complexity of a fixed price project
in the public customer group
resulted in a provision for loss (Q1)
• One-time severance payments in connection
with changes in group management (Q2)
14
15. Hedging gains and losses do not impact operating profit as they are recognized under net financials.
For further details on hedging, please see note 5 above.
* The above sensitivities address hypothetical situations and are provided for illustrative purposes
only. The sensitivities assume the business develops consistent with the current 2017 business
plan.
Hedging period
(months)
CNY DKK -18 million 14
EUR DKK 23 million -
CZK DKK -8 million 14
PHP DKK -4 million -
CHF DKK -2 million -
USD DKK -0 million
Estimated annual impact on NNIT’s operating profit of a 10%
increase in the outlined currencies against DKK*
Currency development and hedging
15
After the depreciation of the CNY in
H1 2016 vs. DKK, the CNY has
been appreciating in Q4.
USD, PHP and CHF have all been
appreciating lately against the DKK,
while EUR and CZK have all been
relative flat vs. DKK.
Despite the recent appreciations we
continued to have currency tailwind
from the CNY and PHP compared to
2015. EUR, CZK and CHF are on
2015 level, while USD increase
provides limited headwind.
Full year 2016 our operating profit
margin tailwind was 0.5pp
compared to 2015 exchange rates
and Q4 operating profit margin
tailwind was 0.5pp compared to Q4
2015.
16. Net financials
DKKm 2016 2015 Change
Net gains on Novo Nordisk shares* -5,4 4,1 -9,5
Dividends received from Novo Nordisk shares 0,7 0,7 0,1
Total Novo Nordisk share related items -4,7 4,8 -9,5
Currency hedge gains -3,4 6,8 -10,1
Currency losses -1,1 -3,7 2,6
Total currency related items -4,5 3,1 -7,6
Interests and bank charges** -3,5 -4,7 1,3
Total interests and bank charges -3,5 -4,7 1,3
Net financials -12,6 3,1 -15,8
* Market value of Novo Nordisk shares less adjustment of obligation realted to long-term incentive programs from previous years.
** Includes fees to banks in relation to being a public listed company
Total Currency hedges
DKKm 2016 2015 Change
Currency hedge gains in P&L -3,4 6,8 -10,1
Currency hedge gains on Equity -1,3 -3,9 2,6
Total currency hedge gains -4,7 2,9 -7,5
Net Financials
Net financials for 2016 were DKK -12.6m,
which was DKK 15.8m lower than 2015.
• Q4 net financials were -2,1m, which
was DKK 2.6m lower than Q4 2015
This was due to net losses on Novo
Nordisk shares held for management
long-term incentive program from before
2015 of DKK 5.4m vs. a gain of DKK
4.1m in 2015.
• Q4 loss of DKK 1.7m vs. gain of
DKK 0.2m in Q4 2015
Losses on currency hedges of DKK 3.4m
compared to a gain of DKK 6.8m in 2015.
• Q4 saw a gain on currency hedges of
DKK 1.9m which is DKK 1.1m higher
than Q4 2015
Interest and bank charges of DKK -3.5m,
which is an improvement of DKK 1.3m
compared to 2015.
16
Net Financial impact from Novo Nordisk share price
DKKm
Market
value Obligation Net
Full year 2017 (if the share price increase by 10%) 1,8 1,6 0,3
Full year 2017 (if the share price decrease by 10%) -1,8 -1,6 -0,3
17. Employee development
Number of employees increased by 10.7% to
2,809 FTE end of December 2016 due to large
contract wins impacting the number of FTEs in
H2 2016.
The growth in average FTEs from 2015 to 2016
was 7.3%
Growth came primarily in China, the Czech
Republic and the Philippines:
• Increase of 226 FTE (24.1%) compared to
end of December 2016
Number of employees in western countries
increased 46 FTE (2.9%).
Share of employees in low cost countries
grew to 41.4% end of December 2016.
• Increase of 4.5 percentage-points
compared to December 2015
17
*Western countries: Denmark, Germany, Switzerland, United Kingdom,
United States
18. Equity and liabilities
DKKm 2016 2015
Share capital 250,0 250,0
Treasury shares -7,5 -7,5
Retained earnings 542,8 396,0
Other reserves 7,8 5,3
Proposed dividends 53,4 97,0
Total equity 846,5 740,8
Deferred tax 0,0 0,0
Employee benefit obligation 34,3 39,1
Provisions 11,4 8,3
Total non-current liabilities 45,7 47,4
Prepayments received 186,5 60,5
Trade payables 59,3 73,0
Employee cost payable 258,4 267,5
Bank debt 0,0 0,0
Tax payables 29,9 11,3
Other current liabilities 140,9 105,7
Derivative financial instruments 2,1 5,3
Employee benefit obligation 7,6 18,6
Provisions 13,7 5,5
Total current liabilities 698,4 547,5
Total equity and liabilities 1.590,6 1.335,8
Assets
DKKm 2016 2015
Intangible assets 33,3 27,6
Tangible assets 412,9 402,2
Deferred tax 52,4 43,9
Other financial assets 28,7 28,3
Total non-current assets 527,3 502,0
Inventories 2,8 1,7
Trade receivables 604,6 489,5
Work in progress 136,4 84,4
Other receivables and pre-payments 126,2 76,8
Tax receivables 0,0 0,0
Shares 18,2 49,3
Derivative financial instruments 1,1 1,0
Cash and cash equivalents 173,9 131,0
Total non-current assets 1.063,2 833,8
Total assets 1.590,5 1.335,8
Balance sheet
18
19. Cash flow
DKKm 2016 2015 Change
Net profit for the period 215,7 212,4 3,3
Reversal of non-cash items 270,7 235,2 35,5
Net interest and taxes paid -54,9 -80,4 25,5
Changes in working capital -68,7 -14,0 -54,6
Cash flow from operating activities 362,8 353,2 9,6
Capitalization of intangible assets -13,6 0,0 -13,6
Purchase of tangible assets -164,6 -140,7 -23,9
Sale of tangible assets 2,2 0,0 2,2
Dividends received 0,7 0,7 0,0
Purchase of shares 1,2 3,6 -2,3
Payment of deposits -0,5 -5,9 5,4
Cash flow from investing activities -174,4 -142,3 -32,1
Dividends paid -145,5 -83,7 -61,8
Purchase of treasury shares 0,0 -93,8 93,8
Cash flow from financing activities -145,5 -177,5 32,0
Net cash flow 42,9 33,5 9,4
Free cash flow 188,4 210,9 -22,5
Cash flows
Cash flow from operating activities was
DKK 363m, which was DKK 10m higher
than 2015 due to non-cash items, lower
payment of income taxes partly countered
by a negative development in working
capital.
Cash flow from investing activities was
DKK -174m compared to DKK -142m due to
investments including in a new datacenter.
Cash flow from financing activities was DKK
-146m compared to DKK -177m in 2015.
Free cash flow was DKK 188m, which is
DKK 22m lower than 2015 due to higher
investments.
19
20. Outlook for 2017
1-5% in constant currencies
Around 0.1pp higher
in reported currencies
Revenue
growth
Capex
12-14% of revenue
Of which around 7pp relates to the new data center investment
of around DKK 200m in 2017
The total data center investment is expected to be
around DKK 250m in the period 2016-2018
Around 10% in constant currencies
No currency impact
in reported currencies
Operating
margin
2017
20
21. Long-term targets
At least 5%
in constant currencies
Revenue
growth
At least 10%
in constant currencies
Operating
margin
Long-term target
21
The long-term target for revenue growth of at least
5% is maintained as the lower level of revenue
from the Novo Nordisk Group is expected to be
compensated by revenue growth from other
customer groups from 2018 and onwards.
The long-term operating profit margin target of at
least 10% is maintained as a positive impact from
the operational excellence program in IT Operation
Services is expected from 2018 and onwards.
22. Closing remarks
• Solid financial results in line with expectations
• Strong growth in non-Novo Nordisk revenue
• Revenue from Novo Nordisk declined
but fully mitigated by other customer groups
• Operating profit in line with expectations
• 2017 guidance of 1-5% revenue growth being
impacted by declining revenue from Novo Nordisk
and around 10% operating profit margin with an
investment level of 12-14% revenue
• Maintained long-term targets of at least 5% revenue
growth and an operating profit margin least 10%
from 2018 and onwards
22
23. Investor contact information
23
Upcoming events
March 8, 2017: Annual General Meeting
May 18, 2017: Interim report for the first three months of 2017
August 16, 2017: Interim report for the first six months of 2017
October 26, 2017: Interim report for the first nine months of 2017
Investor contact
NNIT A/S
Østmarken 3A
2860 Søborg
Denmark
Jesper Wagener
+45 3075 5392
jvwa@nnit.com