Organic revenue growth of 10.4% and an operating profit margin of 11.6% in constant currencies
Performance highlights
- Revenue increased by 10.4% in constant currencies (11.5% in reported currencies to DKK 615m). Q1 2014 was negatively impacted by a number of one-time events, adjusted for these the underlying growth was 8.7%
- Operating profit margin of 11.6% in constant currencies (10.3% in reported currencies)
- Net profit increased by 31% to DKK 58m in reported currencies due to higher operating profit, value adjustment of Novo Nordisk shares and the obligations related to long-term incentive programs from previous years and gain on currency hedges for Q1 2015
- Order backlog for 2015 increased by 8.0% compared with the backlog for 2014 at the same time last year
Outlook for 2015 in constant currencies is maintained:
- Organic revenue is forecasted to grow 5-8% in constant currencies, and revenue growth in reported terms is expected to be 0.8pp higher based on current exchange rates.
- Operating profit margin is forecasted to be around 11% in constant currencies, whereas operating profit margin in reported terms is expected to be around 1.4pp lower based on current exchange rates
Per Kogut, CEO: "We are pleased that 2015 is progressing according to plan with a solid organic revenue growth in the first quarter of 10.4% and an operating profit margin of 11.6% in constant currencies. It is also encouraging that we have seen strong growth from our non-Novo Nordisk life sciences customers in Europe and public customers in Denmark."
Conference call details
NNIT will host a teleconference May 12 at 10:30 CET about the financial report for Q1 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:
Robert Neimanas
Head of Communications
Tel: +45 3079 7480
rbnm@nnit.com
