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NNIT A/S: 8/2016 Financial report for Q1

NNIT delivers organic revenue growth of 7.7% and an operating profit margin of
10.5% in Q1. Based on a strong cash flow, NNIT expects to pay out an interim
dividend in August 2016.

Performance highlights for Q1 2016

* Revenue increased by 7.7% in both reported and constant currencies to DKK
* Operating profit margin was 10.5% in reported currencies and 10.3% in
constant currencies compared with 10.3% in Q1 2015
* Operating profit increased by 10.2% to DKK 70m in reported currencies due
to a strong development in IT Operation Services
* Net profit decreased by 11.8% to DKK 51m mainly due to a negative value
adjustment of Novo Nordisk shares used for hedging of NNIT's long term
incentive program for previous years
* Free cash flow increased by DKK 96m to DKK 131m mainly driven by a positive
change in working capital
* Order backlog for 2016 at the beginning of Q2 2016 increased by DKK 137m to
DKK 2,275m, corresponding to 6.4% compared with the order backlog for 2015
at the beginning of Q2 2015. However, since the start of Q2 2016 NNIT has
won significant contracts with Danske Bank and a new customer outside the
Life Sciences segment both representing a medium-size three-digit DKKm
* Outlook for 2016 in constant currencies: * Revenue in constant currencies
is forecasted to grow 5-8% (previously at least 5%), and revenue growth in
reported currencies is expected to be 0.3pp lower (previously 0.0pp lower)
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 0.6pp higher (previously 0.3pp
higher) based on current exchange rates

Based on a strong cash flow NNIT expects to pay out an interim dividend in
August 2016 of DKK 48.5m in cash equal to DKK 2 per share of a nominal value
of DKK 10.

Per Kogut, CEO at NNIT comments: "The results confirm that NNIT is a robust
company that delivers according to expectations. In a mature market with
modest growth and fierce global competition, it is particularly promising to
see NNIT achieving a revenue growth of 7.7% in Q1 2016. I am very proud of
recent contract announcements with market leading companies that document
trust in our business model and a desire for quality services."

Conference call details

NNIT will host a teleconference May 13, 2016 at 14:30 CET about the financial
report for Q1 2016. Please visit the NNIT webpage at 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.


Investor contacts:
Jesper Wagener, Head of Investor Relations: +45 3075 5392,

Media contacts:
Rikke Dalager, Head of Communications: +45 3077 8080,

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
March 31, 2016 NNIT A/S had 2,573 employees.

For more information please

Financial report for Q1


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: NNIT A/S via Globenewswire


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