Latest News

​NNIT and Bang & Olufsen sign agreement on Cloud Operation Services

Pressrelease • Dec 04, 2019 10:31 GMT

Copenhagen, December 4, 2019 – NNIT, a leading provider of IT services and consultancy, has signed a new cloud operation services agreement with Bang & Olufsen.

The company, already a client at NNIT, is moving a large part of IT infrastructure to the cloud in Microsoft Azure. Following the agreement, NNIT will handle Bang & Olufsen’s cloud transition and continue helping them select and optimize the use of the most relevant solutions.

“Like most global companies with the need for a modernized IT infrastructure, B&O has a focus on automation and agile at scale, and we look forward to continue supporting their transition to the cloud,” explains Senior Vice President at NNIT, Jacob Hahn Michelsen.

Jan Topp, Head of Group IT at Bang & Olufsen, is pleased with the continued collaboration:

“We look forward to expanding our collaboration with NNIT in the cloud. NNIT understands our cloud journey and delivers solutions that support our digital transformation.”

The agreement is effective as of November 2019. The collaboration between Bang & Olufsen and NNIT dates to 2007 when NNIT won a tender for SAP operations and helped B&O move their ERP systems to a Microsoft SQL platform. An agreement regarding infrastructure was added in 2012, and today the collaboration focuses on B&O’s digital transformation and automation.

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About NNIT

NNIT is an international consultancy in the development, implementation, validation and operation of IT for the life sciences industry and the Danish private and public sector. We create value for our clients by treating their IT as if it was our own, and of course, we meet the industry’s strictest regulatory requirements. We apply the latest advances in technology to make our clients’ software, business processes and communication more effective. NNIT A/S has more than 3,200 employees. For more information please visit www.nnit.com.

About B&O

https://www.bang-olufsen.com/en

NNIT signs five-year agreement with Ørsted Sales & Distribution A/S

Pressrelease • Nov 26, 2019 10:04 GMT

NNIT adds another critical national IT infrastructure to its list of customers and expands its footprint in the energy sector.

NNIT A/S, a leading provider of IT services and consultancy, has entered a five-year agreement with Ørsted Sales and Distribution A/S about cloud-enabling IT-infrastructure operations for Radius Elnet A/S, as the 10-day standstill period has ended, and the parties signed the contract.

According to the agreement, NNIT will for the next five years assume responsibility for the grid company’s new IT-infrastructure with a hybrid cloud solution, which will support SAP ERP-systems and business critical service platforms for Radius Elnet A/S.

“The tender pays special attention to national supply, which naturally imposes high demands for stability and security as well as quality of our services and experience,“ explains Jacob Hahn Michelsen, Senior Vice President, NNIT. He continues:

"Ørsted Sales & Distribution A/S is NNIT’s third, large customer in the energy sector and we have considerable experience with IT-infrastructure of critical importance to society from clients such as the Agency for Digitisation, ATP, e-nettet, Courts of Denmark and National Railways. We are very proud to win this tender."

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 September 30, 2019, NNIT A/S had 3,221 employees. For more information please visit www.nnit.com.

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More information
Helga Heyn, NNIT Communications, +45 30 77 81 41, hhey@nnit.com

About NNIT
www.nnit.com

About Radius
https://radiuselnet.dk/

Financial report for the first nine months of 2019

Pressrelease • Oct 24, 2019 08:15 GMT

Revenue increase of 3.3% and an operating profit margin of 7.0% in 9M 2019 before restructuring costs              

Performance highlights for the third quarter of 2019 and guidance:

  • Revenue increased by 4.1% in Q3 2019 compared to Q3 2018 driven by growth from international life sciences (by 95%), finance (by 20%), Danish life sciences (by 12%) and enterprise (by 6.7%) customers, while the Novo Nordisk Group and public customers declined by 16% and 5.2%, respectively
  • Revenue increased 16% (8.5% organic) excluding business from Novo Nordisk Group in Q3 2019. The share of NNIT’s revenue from customers outside the Novo Nordisk Group increased to 71% in Q3 2019 from 64% in Q3 2018
  • Gross profit increased by 4.2% in Q3 2019 in line with the revenue growth leading to an operating profit increase before restructuring costs of 3.9% and an operating profit margin of 9.0% in line with Q3 2018. The better balance between revenue and cost development shows that the business and cost restructuring plan is progressing with the first steps taken in Denmark in September and thereby reversing the negative trend from Q1 and Q2 2019
  • Net profit was DKK 50m in Q3 2019 compared to DKK 48m in Q3 2018
  • Order backlog for 2019 at the beginning of Q4 2019 was DKK 2,923m, an increase of 2.7% compared to the same time last year negatively impacted by a decline of 13% from the Novo Nordisk Group
  • Q4 2019 revenue and operating profit margin are expected to be lower than Q4 last year which was particular strong
  • Outlook for 2019 is maintained:
    • Low single-digit revenue growth
    • Operating profit margin of 8-9% excluding restructuring costs in constant currencies
    • Level of investments (CAPEX) is 5-7% of total revenue

Per Kogut, CEO at NNIT comments: “We face challenging market conditions, however, we see strong revenue growth within our international life sciences and finance segments. The business and cost restructuring plan is progressing and contributes to a margin improvement in Q3 compared to the first two quarters of 2019.”

Conference call details
NNIT will host a teleconference October 24, 2019 at 10:30 CET about the financial report for the first nine months of 2019. Please visit the NNIT webpage at 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.

Conference call details
https://nnit.eventcdn.net/2019q3/

Participant telephone numbers:
Denmark: +45 3544 5583
United Kingdom: +44 20 3194 0544
Sweden: +46 8 5664 2661
United States: +1 855 269 2604

Financial Calendar 2020
* January 23, 2020 Deadline for NNIT shareholders to submit resolutions to be considered by the Annual General Meeting
* January 29, 2020 Full year report for 2019
* March 5, 2020 Annual General Meeting
* May 6, 2020 Interim report for the first three months of 2020
* August 13, 2020 Interim report for the first six months of 2020
* October 29, 2020 Interim report for the first nine months of 2020

​NNIT partners with LEAPWORK to support automation in companies within the international life sciences industry and Danish enterprises.

Pressrelease • Sep 23, 2019 08:20 GMT

Copenhagen, September 23, 2019 – NNIT enters into partnership with LEAPWORK focusing on NNIT’s core segments; international life sciences companies and the Danish private and public sector.

The partnership combines NNIT’s legacy and strong capabilities within Digital Quality Assurance with LEAPWORK’s codeless automation software.

“Technology within automation is steadily maturing and we leverage this technology in our own organization but also to help our customers enable less manual work, more streamlined processes and lower costs while minimizing the risk of errors,” explains Michael Clausen, Associated Vice President, Digital Assurance, NNIT. He continues:

“We want to break with the notion that validation and testing take a long time and require many resources from tech-savvy people without generating high quality. With LEAPWORK's technology, which includes machine learning and AI, automation becomes business-friendly because the software is easy to access and quick to get up and running and can be used by people who are not tech-savvy."

The new partnership fits NNIT’s strategy to strengthen innovative offerings with a focus on automation and artificial intelligence (AI) as a means for improved competitiveness.

Combining the strength of the successful entrepreneur and the leading provider of IT services and consultancy, we will collaborate to help clients take automation and artificial intelligence (AI) to the next more mature level.

“Working with an experienced partner like NNIT ensures that our clients get the right support in the adoption of our software, so it’s a win-win,” says Andreas Lund, Partner Director at LEAPWORK. He continues:

“We look very much forward to working closely together with the experts from NNIT who come with a deep knowledge about highly regulated enterprises from the pharmaceutical industry and the finance sector.”

Read more about NNIT’s Quality Management offerings:

https://www.nnit.com/Life-Sciences/quality-management/Pages/quality-management-business-accelerator.aspx

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More information

Helga Heyn, NNIT Communications, +45 30 77 81 41, hhey@nnit.com

About NNITNNIT is an international consultancy in the development, implementation, validation and operation of IT for the life sciences industry. We create value for our clients by treating their IT as if it was our own, and of course, we meet the industry’s strictest regulatory requirements. We apply the latest advances in technology to make our clients’ software, business processes and communication more effective. NNIT A/S has more than 3,200 employees. For more information please visit www.nnit.com.

About LEAPWORK

LEAPWORK is the first no-code software robotics platform for enterprise companies —and we operate in the fastest growing IT market today. Three years ago, we built our first client relationship and helped them bump up their efficiency by more than 90 percent. Today, we work with some of the world’s most iconic brands like NASA, Mercedes-Benz, Boing and PayPal.

https://www.LEAPWORK.com

NNIT signs five-year agreement with Norlys

Pressrelease • Sep 17, 2019 08:17 GMT

Copenhagen, September 17, 2019 – NNIT A/S,a leading provider of IT services and consultancy, has signed a contract with the energy group Norlys, which was established with the recent merger of the companies Eniig and SE.

According to the agreement, NNIT will for the next five years assume responsibility for parts of Norlys’ central IT systems, including operations and development of the groups ERP and CRM systems, which will be consolidated in Microsoft Dynamics 365.

“In particular, Norlys has bought into our solid experience with cloud-based ERP systems and Microsoft Dynamics 365, and it will be an exciting collaboration where we use cloud services for digital transformation, explains Jacob Hahn Michelsen, Senior Vice President, NNIT. He is pleased to add another customer from the private & public segment and continues: "We look forward to transferring our experience with regulated IT to innovation ready organizations and making a mark in the energy sector."

In addition to economies of scale and savings across the newly merged companies, the collaboration will provide Norlys with impetus to deliver better customer experiences and digitalize the business. For example, CRM systems will be consolidated and enable artificial intelligence to give customers better advice on purchasing electrical products.

Thus, one of the first projects is a self-service portal and a new customer engagement platform for Norlys Energi, which helps employees find the optimal electricity and natural gas solution for customers.

As part of the agreement, NNIT will take over a small number of employees from Norlys, and the remaining department and NNIT will work together in agile teamwork.

-We have some very dedicated people who have kept the systems running 24/7. However, as we grow in size it is more efficient to tap into NNIT and use their muscles and energy to drive development and reap economies of scale, says Morten Sloth O'Donnell, Vice President of IT development at Norlys.

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More information

Helga Heyn, NNIT Communications, +45 30 77 81 41, hhey@nnit.com

Henrik Højlund, PR & Press responsible, Norlys, +45 41 78 08 17, henchr@norlys.dk

About NNITwww.nnit.com

About Norlys

https://norlys.dk/

NNIT partners with 2021.AI to integrate artificial intelligence solutions with the business in the international life sciences and Danish enterprises within NNIT’s core segments

Pressrelease • Jun 28, 2019 11:12 GMT

Copenhagen, June 28, 2019 – NNIT enters into partnership with 2021.AI focusing on NNIT’s core segments; international life sciences companies and the Danish private and public sector.

The new partnership fits with NNIT’s strategy to strengthen innovative offerings with a focus on AI as a means for improved competitiveness.

Established in November 2016, 2021.AI has grown into one of the most innovative Nordic companies with 80+ employees, headquartered in Copenhagen with sales and R&D in several locations globally.

According to the agreement, NNIT will go to market with the Grace AI Platform which was developed and delivered by the team of data scientists, computer engineers and IT architects from 2021.AI.

“Combining the strength of the successful entrepreneur and the leading provider of IT services and consultancy, we will collaborate to help clients take artificial intelligence (AI) to the next more mature level,” explains Brian Troelsen, Business Development Director, NNIT.

When a company embarks on a AI journey clear and measurable value creation happens in the production phase. With the Grace AI platform, companies can both develop, productionize and efficiently scale their AI models, by amongst many things standardize their development processes and workflows.

“Most companies want to move from “the pilot project mode” and find a way to scale AI initiatives while ensuring full AI governance and robust solutions, and our partnership is established to deliver this development,” Brian Troelsen explains.

Organizations wish to an increasing degree to get value from AI and apply it to their business challenges.

“Enterprises focus increasingly on how to use AI and automation as a means for cost optimization and improving revenue, harvesting value from their data by developing and productionizing AI models,” explains CEO Mikael Munck from 2021.AI. He continues:

“We look very much forward to working closely together with the experts from NNIT who come with a deep knowledge about highly regulated enterprises from e.g. the life sciences industry and the finance sector.”

The newly updated version of the Grace AI platform is offered as part of NNIT’s full stack of AI services.

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More information

Helga Heyn, NNIT Communications, +45 30 77 81 41, hhey@nnit.com

Line Sofie Graversen, 2021.AI, +45 28 73 74 37 lgr@2021.ai

About .AI

2021.AI serves the growing need for applied AI. Our data science expertise combined with our Grace AI Platform offers a true AI differentiator for clients around the world. With Grace, Data Scientists can solve some of the most complex problems, or directly implement our packaged models related to churn prediction, chat-bots, classification, and much more.

Growing fast with more than 80 employees, 2021.AI is headquartered in Copenhagen with sales and R&D in several locations globally.

www.2012.ai

Financial report for the first three months of Q1 2019

Pressrelease • May 14, 2019 08:23 GMT

Performance highlights for the first three months of 2019

  • Revenue increased by 7.4% driven by growth in the international life sciences and finance customer groups of 73% (organic 27%) and 28%, respectively, while the enterprise customer group increased by 5.9%. The Novo Nordisk Group increased by 1.1% compared to Q1 2018 which was at a low level. This was partly countered by a decline in revenue from the public customer group of 10% and life sciences Denmark of 1.2%
  • Revenue growth was 11% (7.1% organic) excluding business from Novo Nordisk Group in Q1 2019
  • The share of revenue from clients outside the Novo Nordisk Group increased from 63% in Q1 2018 to 65% in Q1 2019
  • Gross profit decreased in Q1 2019 primarily due to a significant decline in margins on service level agreements and projects for the Novo Nordisk Group as well as a change in revenue mix with a lower Novo Nordisk Group share. This led to an operating profit decrease of 25% and an operating profit margin of 6.1% in reported currencies compared to 8.7% in Q1 2018
  • Net profit of DKK 39m in Q1 2019 compared to DKK 46m in Q1 2018
  • Free cash flow was negative DKK 28m in Q1 2019 compared to positive DKK 143m in Q1 2018
  • Order backlog for 2019 at the beginning of Q2 2019 was DKK 2,517m, an increase of 1.2% compared to the same time last year
  • Outlook for 2019:
      • Revenue growth of 3-6% in constant currencies is maintained
      • Operating profit margin of 8-9% in constant currencies
      • Level of investments (CAPEX) is 5-7% of total revenue
  • NNIT expects to pay out an interim dividend in August 2019 of DKK 49.2m in cash equal to DKK 2.00 per share of a nominal value of DKK 10

Per Kogut, CEO at NNIT comments: “As communicated last week our operating profit margin for the first three months of 2019 is very disappointing. Based on our ongoing cost initiatives as well as the backlog we expect an increased operating profit margin in coming quarters, compared to the first quarter of the year. On a positive note, I am satisfied with the high revenue growth in international life sciences.”

Conference call details
NNIT will host a teleconference May 14, 2019 at 10:30 CET about the financial report for the first three months of 2019. Please visit the NNIT webpage at 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.


https://nnit.eventcdn.net/201905q1
Participant telephone numbers:
Denmark:+45 3544 5583
United Kingdom:+44 20 3194 0544
Sweden:+46 8 5664 2661
United States:+1 855 269 2604

Financial Calendar 2019
August 14, 2019 Interim report for the first six months of 2019
October 24, 2019 Interim report for the first nine months of 2019

Contacts for further information

Investor relations: Media relations:
Klaus Hosbond Skovrup
Head of Investor Relations
Tel: +45 3079 5355
ksko@nnit.com
Helga Heyn
NNIT Communications
Tel: +45 3077 8141
hhey@nnit.com

NNIT acquires Swiss-based consultancy business

Pressrelease • Apr 24, 2019 09:38 GMT

This press release expands upon Company Announcement 6/2019, published April 24, 2019, 10.00 a.m. CET.

NNIT A/S announces that it has acquired Halfmann Goetsch Partner AG (HGP). The acquisition provides NNIT with a stronger presence in European life sciences hubs Frankfurt and Basel, and strengthens its position as an international leading IT transformation partner for life sciences companies.

HGP, recognized and referenced as one of the strongest providers of IT compliance and quality management services to primarily pharmaceutical companies, is headquartered in Basel close to NNIT’s Swiss office in Zürich. Furthermore, the company has delivery centers in Frankfurt and Singapore, and a nearshore office in Krakow.

HGP started out in Basel in 2008 as a business consultancy dedicated to IT compliance services to the pharmaceutical industry, and clients include companies such as Merck, Novartis and Hoffmann La-Roche.

With more than 10 years in business, the company employs 70 experts with extensive experience delivering highly specialized offerings such as Information Risk Management, Computer System Validation (CSV), Manufacturing Execution Systems (MES) Implementation, Data Privacy (GDPR), Data Integrity, Good Manufacturing Practices, Track & Trace and Audit Readiness.

Data collection intensifies within life sciences, and at the same time regulatory requirements increase with industry-specific regulation and general data privacy laws. As the technological opportunities and the pressure for legal compliance increase, the market for risk management and validation of data systems grows significantly.

With a flexible consultancy base and access to top subject matter experts from across the international life sciences IT arena, Halfmann Goetsch Partner AG offers the industry leading approach to compliance excellence.

“Beyond the perfect geographical match in line with NNIT’s strategic plan to strengthen presence in the European life sciences hubs; Basel and Frankfurt, our employees complement each other very well,” explains Per Kogut, CEO, NNIT:

“Together we share a deep understanding of IT compliance and regulatory requirements for life sciences companies.”

Combined with NNIT’s existing quality management portfolio, HGP’s excellence, reputation and network within IT compliance is expected to generate cross sales synergies. Synergies are also expected within pharmaceutical production, where HGP’s thought leadership fits well with NNIT’s existing portfolio of IT-services.

“We are excited to become part of the NNIT Group and continue our successful development,” says Thomas Halfmann, founder and partner of Halfmann Goetsch Partner. He continues:

“Benefitting from NNIT’s global delivery model we will continue to deliver high quality solutions using our capabilities and world class skills within life sciences IT. Our shared understanding of IT compliance and regulatory requirements constitutes a perfect match.”

Following the acquisition HGP will be integrated in NNIT, and management will continue in the leadership of the European life sciences business.

In May 2017, NNIT acquired SCALES Group. In October 2018, NNIT acquired Valiance Partners.

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About Halfmann Goetsch Partner AG 

https://www.hgp.ag/

Financial report 2018 and Annual General Meeting 2019

Pressrelease • Jan 29, 2019 19:10 GMT

Full year revenue growth of 5.5% and an operating profit margin of 10.2%

Performance highlights for full year 2018

  • Revenue from clients outside the Novo Nordisk Group increased by 13% driven by the international life sciences, public and enterprise customer groups all increasing double-digit
  • Due to a decline in revenue from the Novo Nordisk Group of 5.2% total revenue increased by 5.5% in reported currencies
  • The share of revenue clients outside the Novo Nordisk Group increased from 58% in 2017 to 63% in 2018
  • Operating profit increased by 17% leading to an operating profit margin of 10.2% in reported currencies compared to 9.2% in 2017
  • Net profit of DKK 236m in 2018 compared to DKK 199m in 2017
  • Free cash flow after acquisitions in 2018 was DKK 116m compared to negative DKK 13m in 2017
  • Order backlog for 2019 at the beginning of Q1 2019 was DKK 2,171m, a decrease of 1.9% compared to the same time last year. The backlog for 2020-2021 increased by 3.5%
  • Outlook for 2019:
    • Revenue growth of 3-6% in constant currencies
    • Operating profit margin of 10-10.5% in constant currencies
    • Level of investments is 5-7% of total revenue
  • New strategy and long-term targets
    • Organic revenue growth of 6-8% excluding revenue from the Novo Nordisk Group
    • Operating profit margin of at least 10% is maintained
  • The Board of Directors proposes to increase the dividend payments to DKK 4.60 per share corresponding to DKK 113.0m which includes the interim dividend for 2018 (DKK 49.1m) paid in August 2018. This corresponds to a pay-out ratio of net profit of 48%

Per Kogut, CEO at NNIT comments: “I am pleased that the strong growth continued in Q4 securing full year revenue growth of 5.5% and an operating profit margin of 10.2% in line with our guidance. This strong performance was driven by double-digit growth from international life sciences, enterprise and public customer groups offsetting lower sales to the Novo Nordisk Group. We are launching a new strategy and a more customer focused organization to enable further innovation and digital transformation for our clients while accelerating our growth within international life sciences and Danish clients.”

Guidance 2019

The order backlog for 2019 at the beginning of Q1 2019 declined by DKK 41.7 million to DKK 2,171 million, or by 1.9%, compared to the order backlog one year earlier. Including the recent extension of the infrastructure outsourcing agreement with DSB the backlog increases by 0.2% compared to last year. The backlog development is impacted by a decline in multiyear outsourcing agreements, while business coming from projects with low backlog visibility increases.

The guidance for 2019 revenue growth is 3-6% in constant currencies and excluding potential new acquisitions in 2019.

The operating profit margin in constant currencies is expected to be in the range of 10-10.5%.

Investments / revenue is expected to be 5-7% of revenue.

The guidance is based on a number of important assumptions, including that relevant macroeconomic trends will not significantly change business conditions for NNIT during 2019, that business performance, client and competitor actions will remain stable and that key currency exchange rates will remain at the current (as of January 23, 2019) levels versus Danish kroner.

New long-term financial targets

Since the IPO in 2015, NNIT has pursued two key long-term financial targets:

  • Organic revenue growth of at least 5%
  • Operating profit margin of at least 10%

    These targets have served NNIT well as an integral part of the strategic planning and have guided NNIT to strong financial performance. The segments to drive revenue growth for NNIT going forward is our international life sciences and the Private & Public segments. Combined with continued uncertainty regarding sales to the Novo Nordisk Group, the long-term financialtarget for organic revenue growth is adjusted giving the following targets:

  • Organic revenue growth of 6-8% excluding revenue from the Novo Nordisk Group
  • Operating profit margin of at least 10% is maintained

    There is no long-term revenue target for the Novo Nordisk Group, but as usual we will provide full-year guidance for total revenue growth at the beginning of each year in connection with the release of the annual report.

Conference call details

NNIT will host a teleconference January 30, 2019 at 10:30 CET about the financial report for 2018. Please visit the NNIT webpage at 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.

Conference call details
https://nnit.eventcdn.net/20190130

Participant telephone numbers:
Denmark:+45 3544 5583
United Kingdom:+44 20 3194 0544
Sweden:+46 8 5664 2661
United States:+1 855 269 2604

Financial Calendar 2019
March 7, 2019Annual General Meeting
March 8, 2019 Dividend ex dividend date
March 11, 2019 Dividend record date
March 12, 2019 Dividend payment date
May 14, 2019Interim report for the first three months of 2019
August 14, 2019Interim report for the first six months of 2019
October 24, 2019Interim report for the first nine months of 2019

Forward-looking statements
This announcement 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.

Please also refer to the overview of risk factors in the ‘risk management’ section on page 33-35 in the Annual Report 2018.

Contacts for further information

Investor relations:
Klaus Hosbond Skovrup
Head of Investor Relations

Tel: +45 3079 5355
ksko@nnit.com

Media relations:
Helga Heyn
NNIT Communications

Tel: +45 3077 8141
hhey@nnit.com

NNIT launches new ambitious 2022 strategy with adjusted long term guidance and implements new organization

Pressrelease • Jan 29, 2019 19:06 GMT

Having completed a deep strategic review throughout the second half of 2018, NNIT is now launching a new ambitious strategy. To support the new strategy, we will change the global organization in order to rapidly respond to customer needs and remain fit for accelerated growth.

The fundamentals in our value proposition to our shareholders are kept intact, but with our new 2022 strategy we intensify our focus on IT for international life sciences and Private & Public sector in Denmark. Profitable organic growth will still be imperative, but so will strategic acquisitions supporting our core competencies.

NNIT is the third largest IT services provider in Denmark, and global macro trends continue to impact our own business as well as our clients. Digital transformation and the need to digitally transform to fuel growth by innovation are key factors in order to remain competitive.

We will continue to embrace innovation in several ways, from the business case approach to internal entrepreneurship, and from co-creation to the use of strategic acquisitions. Common to our approach is the desire for increased customer proximity, and we are therefore changing our organization to make it even more customer centric and to support accelerated growth in life sciences.

CEO, Per Kogut: "During the past four years we have executed our business in line with the direction set at our IPO. We are now launching a new strategy and changing our organization to increase customer centricity and enable further innovation to accelerate our growth within international life sciences and Danish clients supported by strategic acquisitions primarily within international life sciences.”

Key elements of the new strategy

Grow revenue through life sciences

In general, the international life sciences market is characterized by high entry barriers for competitors. This is due to the complexity, the high levels of regulation and the high quality requirements. In NNIT we are very well-positioned because of our strong domain knowledge that originates from our own life sciences legacy. We were born out of life sciences. This is why it is an attractive market for NNIT to compete in.

Historically, we have delivered more than 20% organic growth in international life sciences. We have an ambitious plan to continue this growth as we are scaling up our operations in Europe, US and China.

In addition to organic growth, we also pursue acquisitions within our core international life sciences markets of Europe and the US, which can help accelerate our growth in this segment even further.

Grow NNIT core revenue

Our core offerings within infrastructure and application outsourcing, advisory, business solutions and support constitute the main part of our business. This full scale service offering enables us to provide both focused specialist support and broader integrated solutions. With continued stable operations and agile delivery we want to continue growing our market share within both the private and the public sector in Denmark.

Grow revenue through increased innovation

The IT market and customer needs continue to transform at increasing speed.

We will build on and strengthen our innovation capabilities to significantly grow the level of new high margin offerings that we bring to the market. In 2022 we target 500m DKK of our revenue to come from new innovative offerings.

Efficiency through automation and artificial intelligence

Technology within automation and artificial intelligence, AI, is steadily maturing. At NNIT, we leverage this technology to enable less manual work, more streamlined processes and lower costs while minimizing the risk of errors. We will continue to build capabilities internally while leveraging external partnerships to ensure access to the latest technology.

Cost efficient delivery, sales and support functions

To ensure that NNIT’s business remains competitive, we constantly optimize our delivery, sales and support functions. Through our excellence programs, we will continue to challenge and improve the way we work. Through our flexible global delivery model witharound 50% of our full time employees based in offshore and nearshore countries, we will ensure that we are able to meet our clients’ requirements of cost efficient, high quality and flexible delivery.

Maintaining and nurturing a strong relationship with Novo Nordisk

NNIT was born out of Novo Nordisk in 1998, and Denmark’s largest pharmaceutical company remains an important client for us. Through innovative solutions and state-of-the-art delivery models we are committed to remaining relevant and competitive within our current services as well as new services supporting Novo Nordisk’ digital transformation.

New long-term financial targets

Since the IPO in 2015, NNIT has pursued two key long-term financial targets:

  • Organic revenue growth of at least 5%
  • Operating profit margin of at least 10%

These targets have served NNIT well as an integral part of the strategic planning and have guided NNIT to strong financial performance. The segments to drive revenue growth for NNIT going forward is our international life sciences and the Private & Public segments. Combined with continued uncertainty regarding sales to the Novo Nordisk Group, the long-term financialtarget for organic revenue growth is adjusted giving the following targets:

  • Organic revenue growth of 6-8% excluding revenue from the Novo Nordisk Group
  • Operating profit margin of at least 10% is maintained

There is no long-term revenue target for the Novo Nordisk Group, but a short-term guidance for total revenue growth will be provided at the beginning of each year in connection with the release of the annual report.

New organization enabling increased customer focus and efficient delivery

To support the strategy, NNIT will change the global organization in order to rapidly respond to customer needs and remain fit for accelerated growth.

New organization from March 1st 2019

To enable increased customer focus, efficient delivery and greater focus on life sciences growth we have established two new business units:

  • A dedicated Life Sciences unit delivering to both the Novo Nordisk Group and our other life sciences clients in Denmark as well as internationally.
  • A Private and Public unit delivering to our clients within the enterprise, public and finance segments in Denmark

These two units will be responsible for both sales and delivery management. They will have full P&L responsibility for all clients.

To enable efficient operations and project execution we will establish two new delivery units, which will be cost centers:

  • A Projects and Consulting unit with the responsibility of delivering all projects and consulting engagements. To enable our increased focus on innovation and digital transformation these development initiatives will be driven by this unit
  • An Infrastructure and Application Services unit with the responsibility for operations for all clients. The focus of this unit will be continued high operational stability and efficient operations for our clients

Supporting the four business units will be two group functions:

  • Finance, Legal, Investor Relations and Procurement
  • People, Communications, Marketing, IT and Quality

The new organization will be effective as of March 1, 2019.

Changes to NNIT Group Management

As a result of the organizational changes, NNIT Group Management will be extended and responsibilities aligned with the new organization. Per Kogut will continue as CEO and President. Carsten Krogsgaard Thomsen will continue as CFO, Executive Vice President, heading the Finance, Legal, Investor Relations and Procurement unit.

Brit Kannegaard Johannessen will continue as Senior Vice President, heading the People, Communication, Marketing, IT and Quality unit.

The Life Sciences unit will be headed by Senior Vice President Ricco Larsen. The Private & Public unit will be headed by Senior Vice President Jacob Hahn Michelsen. The Projects and Consulting unit will be headed by Senior Vice President Claus Middelboe Andersen. The Infrastructure and Application Services unit will be headed by Søren Østergaard, who is appointed Senior Vice President. He has been with the company for more than nine years, most recently as General Manager for NNIT’s operations in China since June 2017.

With the appointment of Søren Østergaard, NNIT’s Group Management now consists of Per Kogut, CEO and President, Carsten Krogsgaard Thomsen, CFO and Executive Vice President, Brit Kannegaard Johannessen, Senior Vice President, Ricco Larsen, Senior Vice President, Jacob Hahn Michelsen, Senior Vice President, Claus Middelboe Andersen, Senior Vice President and Søren Østergaard, Senior Vice President.

Executive Management is still Per Kogut, CEO and President and Carsten Krogsgaard Thomsen, CFO and Executive Vice President.

New segment reporting structure

Following our new strategy and reflecting our new organization, from Q1 2019, we adapt our segment information in the following way:

Revenue will be reported for:

  • Life sciences
    • International life sciences
    • Life sciences in Denmark
    • The Novo Nordisk Group
  • Private and public
    • Enterprise
    • Public
    • Finance

Operating profit will be reported for:

  • Life sciences
  • Private and public clients in Denmark

Operating profit margin in the life sciences segment will be substantially higher than in the Private & Public segment due to the regulated nature, high complexity and our strong domain knowledge within the life sciences segment. Comparison figures for 2018 will be restated to the new reporting structure above when reporting Q1 2019.

Contacts for further information
Investor relations: Carsten Krogsgaard Thomsen, CFO
Tel: +45 3075 1415 ckth@nnit.com

Media relations: Helga Heyn, NNIT Communications
Tel: +45 3077 8141 hhey@nnit.com

​NNIT and DSB extend collaboration

Pressrelease • Jan 22, 2019 10:00 GMT

Copenhagen, January 22, 2019 – NNIT, a leading provider of IT services and consultancy, announces that it has signed an extension of its agreement with DSB.

The parties’ existing five-year contract was entered into in the spring of 2012 with an opportunity for extension.

In March 2016 DSB and NNIT agreed to extend the collaboration further from April, 1, 2017 to March 31, 2019. The collaboration has now been extended with an additional two years until March 2021.

Commenting on the agreement, Senior Vice President at NNIT Jacob Hahn Michelsen explains:

”During the first couple of years we secured significant robustness in DSB’s IT operations and we are happy to continue our collaboration delivering IT solutions for Denmark’s largest supplier of public transportation.”

NNIT A/S delivers innovative and robust solutions to the life sciences sector internationally and to customers in the private as well as the public sector in Denmark, including operation of the third generation of the public digital infrastructure backbone, which makes Denmark one of the world's most digitized societies. NNIT A/S has more than 3,200 employees globally.

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More information

Helga Heyn, NNIT Communications, +45 30 77 81 41, hhey@nnit.com

​NNIT signs agreement with SDC

Pressrelease • Jan 21, 2019 10:00 GMT

Copenhagen, January 21, 2019 – NNIT A/S,a leading provider of IT services and consultancy, has signed a contract about handling of the IT work stations for SDC, serving banks and finance companies in the Nordic countries including Denmark.

SDC has signed a contract with the leading provider of IT services and consultancy.

Following to the agreement, NNIT will over the next five years handle daily operations, maintenance and support for more than 6.000 IT workstations in the Nordic finance sector. Furthermore, NNIT will handle all Citrix management according to the contract.

NNIT ’s compliance legacy and solid foothold in regulated industries has become an important factor for the collaboration with SDC, explains Jacob Hahn Michelsen, Senior Vice President, NNIT:

“IT security and compliance are crucial for modern banking, who as reliable business partner for customers must comply with requirements and regulations from the supervisory authorities.”

Marianne Nielsen, Director, Operations and Infrastructure Services, SDC:

“It is crucial for us to be able to offer our customers a professional and modern concept for IT-workstations. This goes for our existing customers as well as the many new Nordic customers seeking towards SDC. In NNIT we see a stable and strong partner who can deliver what we need.”

SDC A/S is the parent company of the Group, whose main activities comprise development, maintenance and joint purchase of IT systems and related services for more than 120 banks in the Nordic countries. The Group is owned by its customers and users, who are made up of a large number of small and medium-sized financial institutions in Denmark, Sweden, Norway and Faroe Islands. In 2017, the group’s turnover was DKK 1.4 billion.

NNIT has for the past decade served clients in the finance segment such as PFA and Danske Bank and recently (December 2018) signed an agreement with AP Pension.

Beyond the finance sector, NNIT A/S focuses on innovative and robust solutions to the life sciences sector internationally and to customers in the private as well as the public sector in Denmark, including operation of the third generation of the public digital infrastructure backbone, which makes Denmark one of the world's most digitized societies. NNIT A/S has more than 3.200 employees globally.

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More information

Helga Heyn, NNIT Communications, +45 30 77 81 41, hhey@nnit.com

Sille Stener, Director, Communications and Business Services, SDC, +45 4465 7111, sist@sdc.dk

NNIT and Virsabi lift augmented reality into Danish factories in new partnership

Pressrelease • Jan 09, 2019 09:05 GMT

Copenhagen, January 9, 2019 – NNIT enters into partnership with Virsabi focusing on Life Sciences and Danish manufacturing companies.

As a leading provider of IT services and consultancy NNIT thereby adds Virsabi to its group of partners specialized in transforming technology. Virsabi is one of the first companies offering consultancy, advisory and technical development for the utilization of virtual reality and augmented reality.

With the advanced solutions employees will be able to assist one another and collaborate in a virtual space. Technicians will, for example, be able to help each other in highly specialized production environments across continents. The technology also allows for training to take place in a safe virtual environment without interrupting daily operations.

“Especially augmented reality has the potential to transform manufacturing facilities“, explains Brian Troelsen, Business Development Director, NNIT:

“Digital innovation takes place also in the production facilities that now tend to resemble what most people would recognize as scenes from a science fiction movie.” He continues:

“Our clients explore the area and look for concrete solutions they can implement, so it has been important for us to tie a market leader of this niche area closer to us, and we have a productive collaboration with Virsabi already.”

The new solutions could contribute to the revolution of Danish production and maintenance of production facilities in the life sciences industry. Michael Harboe, CEO, Virsabi, comments:

“We look very much forward to working closely together with the experts from NNIT who come with deep knowledge about highly regulated industries and are used to accommodate strict requirements to security, regulation, and business critical processes.”

The partners have initiated the first joint assignment where they test and implement solutions based on augmented reality for the production environment in a company from the life sciences industry.

More information

Helga Heyn, NNIT Communications, +45 30 77 81 41, hhey@nnit.com.