Latest News
NNIT acquires Swiss-based consultancy business24 Apr 2019
NNIT and Virsabi lift augmented reality into Danish factories in new partnership09 Jan 2019
​NNIT signs contract with Copenhagen Airports A/S to support its digital transformation29 Oct 2018
Financial report 2018 and Annual General Meeting 201929 Jan 2019
NNIT launches new ambitious 2022 strategy with adjusted long term guidance and implements new organization29 Jan 2019
​NNIT and DSB extend collaboration22 Jan 2019
​NNIT signs agreement with SDC21 Jan 2019
​NNIT signs contract with AP Pension12 Dec 2018
​NNIT wins contract with state-owned holding company focusing on new technology26 Nov 2018
Financial report for the first nine months of 201825 Oct 2018
NNIT acquires fast-growing US company to accelerate delivery of IT services to the international life sciences industry09 Oct 2018
​NNIT and PFA extend and expand collaboration with focus on agility and innovation03 Oct 2018
​Once again: NNIT achieves gold certification for data center01 Oct 2018
NNIT positioned as a Major Contender for Life Sciences Digital Services12 Sep 2018
Financial report for the first six months of 201817 Aug 2018
NNIT and ValGenesis Partner on Cloud-Based Validation Software for the Life Sciences Industry14 Aug 2018
​NNIT and Vestas extend collaboration with focus on data and flexibility08 Jun 2018
NNIT wins contract on public digital self-service portal30 May 2018
​NNIT enters collaboration about global platform with blockchain start-up17 May 2018
Financial report for Q1 201815 May 2018
NNIT signs agreement with NNE on global IT outsourcing26 Apr 2018
NNIT signs agreement with NNE on global IT outsourcing26 Apr 2018

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/

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.

​NNIT signs contract with Copenhagen Airports A/S to support its digital transformation

Pressrelease • Oct 29, 2018 09:02 GMT

Copenhagen, October 29, 2018 – NNIT, a leading provider of IT services and consultancy, enters into agreement with Copenhagen Airports A/S on business critical SAP operations the coming five years.

The airport requires a very robust infrastructure, which is highly regulated and at the same time calls for agile development within transformative technologies such as the Internet of Things for the benefit of more than 80,000 daily travelers.

During the past year, NNIT has worked for Copenhagen Airports on several projects regarding, for example, GDPR and IT management and advisory.

Therefore, the two teams know each other quite well already, explains  Jacob Hahn Michelsen, Senior Vice President, NNIT:

“Flexibility and proximity have been important factors for this agreement; Copenhagen Airports have been very open about this, so we are very proud to have earned their trust.” He continues:

“We find it extremely exciting to be part of Copenhagen Airports’ digital transformation. In many ways, they are first movers among Danish companies utilizing new technologies to strengthen the customer experience and streamlining the business. We look forward to helping them optimize their software investments.”

Many companies plan an upgrade to SAP S4/HANA, the next generation of the Enterprise Resource Planning Software (ERP) system, which is an important element in the agreement between NNIT and Copenhagen Airports.

“These systems handle business critical data, so it is crucial for our digitalization to be in front,” explains Jonas Dan Joergensen , CIO, Copenhagen Airports:

“We are safely putting responsibility for SAP operations’ development in the hands of NNIT, and look forward to having them move closer to our business.”

The SAP operation tender was published in June 2018 and four suppliers were prequalified. NNIT’s offer provided the best balance between price and quality.

The contract’s estimated value reaches a lower double-digit DKKm amount.

NNIT is one of the biggest SAP houses in Scandinavia with more than 350 SAP consultants and full-service delivery. With SAP, NNIT has provided dozens of companies with a stable operating core, which supports their supply chain. With the most recent generation – the SAP S/4 HANA – they get an agile platform designed to digitally transform the business and gear their most business-critical systems. NNIT is a SAP S/4HANA certified SAP partner.

More information

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

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 signs contract with AP Pension

Pressrelease • Dec 12, 2018 10:02 GMT

Copenhagen, December 12, 2018 – NNIT, a leading provider of IT services and consultancy, enters into agreement with AP Pension, one of the biggest pension institutions in Denmark.

While pension customers expect individualized solutions that are simple and transparent, products grow increasingly complex. In order to handle customers optimally in a market, which is highly regulated, the companies must streamline processes and focus on data and configure IT for innovation.

AP Pension has therefore worked carefully on the selection of the right outsourcing partner who can modernize the IT-systems and secure access to highly specialized it-people, while the organization achieves higher scalability and resources released for business development.

According to the agreement, which was approved by AP Pension’s Board of Directors on December 11, NNIT will take over responsibility for the company’s infrastructure, including server-, network- and datacentre operations, application development, service desk, and onsite services. Furthermore, NNIT will assume nine employees from AP Pension.

“We look very much forward to working together with AP Pension and support their growth,” explains Jacob Hahn Michelsen, Senior Vice President, NNIT. He continues:

“The cultural match is very strong. We have a common understanding of how development and innovation must go hand in hand with security and compliance, which we in NNIT are sued to work with due to our pharma heritage. ”

The decision about outsourcing essential parts of the IT operations comes quite naturally following the organization’s growth strategy,” explains Jesper Bjerre, COO, AP Pension:

“We enter into strategic partnerships in order to get extended access to the market specialists. With NNIT’s help, we will be able to modernize the systems and keep our IT up to date with the development, while we focus on creating value for our customers.”

Over the next five to seven years, the contract’s estimated total value will reach a lower three-digit DKKm amount.

As a leading provider of IT services and consultancy 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 3.100 employees globally.

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More information

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

Michael Buksti, Communications Director, AP Pension, +45 40 90 29 48.

​NNIT wins contract with state-owned holding company focusing on new technology

Pressrelease • Nov 26, 2018 09:01 GMT

Copenhagen, November 26, 2018 – NNIT A/S has signed a contract with Sund & Bælt Holding A/S on preparing the company’s IT-platform for digital transformation.

The Danish, state-owned holding company, who owns and operates the bridges across Storebælt and Øresund including BroBizz and eventually Femern Belt wishes to digitalize operations of the large infrastructure facilities in collaboration with external technology partners.

Use of Big data, Artificial intelligence, sensor technology, and robot technology requires an IT-platform that embraces digital innovation. The holding company’s ERP solutions, therefore, require an update to the latest cloud-based version with integration of third party products.

According to the agreement, Sund & Bælt will put the responsibility for upgrading, development, maintenance, and operations of the company’s IT-platform in the hands of NNIT for the next up to four years.

In the Danish IT landscape, the agreement is a special one because it involves close cooperation between two different units: NNIT as a large and consolidated supplier of digital innovation and robust IT-operations, and SCALES, its fast-growing subsidiary company who focuses 100% on Microsoft’s cloud-based Enterprise Ressource Planning (ERP)-systems.

NNIT acquired SCALES in May 2017 to become Denmark’s leading partner and provider of services around Microsoft Dynamics 365. SCALES has won several Microsoft Partner Awards and was nominated repeatedly during the past five years.

Throughout the tender process, Sund & Bælt placed great emphasis on the description of the team who will be doing the job. The employees have therefore played an important role for Sund & Bælt’s choice of NNIT, explains Jacob Hahn Michelsen, Senior Vice President, NNIT:

“In a market challenged by scarcity on skilled IT-people, we can guarantee a strong team of subject matter experts with deep insight in the business critical systems. Having the right, qualified people remain an important factor for digital transformation, innovation-ready platforms and robust IT.”

Mikkel Hemmingsen, CEO, Sund & Bælt, says about the agreement:

“Our ambition is to set new standards for efficient operation of user-paid infrastructure, utilizing the latest technology for the benefit of travelers. Therefore, it is crucial to keep our IT platform up to date so we have high expectations of the value that the upgrade will create and look forward to working with NNIT.”

The tender process began in June 2018 and four suppliers were prequalified. NNIT’s offer provided the best balance between price and quality. The contract’s estimated value reaches a lower two-digit DKKm amount. The duration of the contract is 24 months and the framework agreement can be prolonged for a maximum total of four years.

As a leading provider of IT services and consultancy 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 3.100 employees globally.

More information

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

Lene Gebauer Thomsen, Head of Communication, Sund & Bælt, +45 21 70 44 50, lgt@sbf.dk.

Financial report for the first nine months of 2018

Pressrelease • Oct 25, 2018 08:02 GMT

Company announcement October 25, 2018

Performance highlights for the first nine months of 2018


  • Revenue from the international life sciences, public and enterprise customers all increased by more than 20%. However, due to a decline in revenue from the Novo Nordisk Group of 7.6% and finance customer group of 4.9% total revenue increased by 5.4% in reported currencies
  • The share of revenue from the life sciences (excl. Novo Nordisk Group), enterprise, public and finance customer groups increased from 58% in 9M 2017 to 63% in 9M 2018, thereby reducing the dependency on the Novo Nordisk Group
  • Operating profit margin was 9.2% in 9M 2018 in reported currencies compared to 7.9% in 9M 2017, which was impacted by a one-off settlement of DKK 33m in the public customer group
  • Net profit of DKK 151m in 9M 2018 compared to DKK 126m in 9M 2017
  • Free cash flow for 9M 2018 was DKK 116m compared to negative DKK 14m in 9M 2017
  • Order backlog for 2018 at the beginning of Q4 2018 was DKK 2,846m, an increase of 5.0% compared to the same time last year. The backlog for the following two years increased by 9.8%
  • Outlook for 2018:
  • Expected revenue growth of 4-7% in constant currencies (changed with the company announcement 9/2018 on October 9, 2018 regarding the acquisition of Valiance Partners)
  • Expected operating profit margin of 10-10.5% in constant currencies is maintained
  • The expected level of investments in 2018 is 5-7% of total revenue
    (previously 6-8%)

Per Kogut, CEO at NNIT comments: “I am pleased to see continued strong revenue growth from the international life sciences, enterprise and public customer groups, all growing with more than 20% in 9M 2018. With the acquisition of the fast-growing IT-service provider to the international life sciences industry, Valiance Partners, and the solid 9M 2018 revenue development we have recently been able to increase our full year revenue guidance to 4-7% from previously 3-6%.”

Conference call details

NNIT will host a teleconference October 25, 2018, at 10:30 CET about the financial report for the first nine months of 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.

https://nnit.eventcdn.net/20181025

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

January 24, 2019 Deadline for NNIT shareholders to submit resolutions to be considered by the Annual General Meeting

January 30, 2019 Full year report for 2018

March 7, 2019 Annual General Meeting

May 14, 2019 Interim report for the first three months of 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: 
Klaus Hosbond Skovrup
Tel: +45 3079 5355 
ksko@nnit.com

Media relations:

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

NNIT acquires fast-growing US company to accelerate delivery of IT services to the international life sciences industry

Pressrelease • Oct 09, 2018 14:00 GMT

This press release expands upon NNIT Company Announcement 9/2018, published October 9, 2018, 2.00 p.m. CET.

**

NNIT acquires one of North America’s fastest-growing companies to boost growth as a global provider of IT services to the life sciences industry.

Copenhagen, October 9, 2018 - NNIT A/S announces that it has acquired Valiance Partners, LLC (Valiance Partners) The acquisition will lift NNIT’s growth and strengthen its position as a leading IT services provider for the global life sciences industry.

Valiance Partners, headquartered in New Jersey close to NNIT’s US office, is recognized and referenced as one of the strongest providers of migration services for the rapidly growing Software-as-a-Service (SaaS) platforms to primarily pharmaceutical companies.

Over the past three years, Valiance Partners has grown by more than 40% annually, working with many of the largest pharma companies in North America, Europe and Japan.

The two companies have already collaborated on several projects and complement each other very well, explains Per Kogut, CEO, NNIT:

“Valiance Partners provides a perfect strategic and cultural match and I am excited to welcome this fast-growing company to NNIT. They come with a strong experience and have delivered migration services to many of the world’s most successful pharmaceutical companies. Together we will strengthen our growth potential and the acquisition will boost NNIT as a global IT provider to the international life sciences industry.”

The demand for migration services has increased significantly during the past couple of years, as more and more life sciences companies implement cloud-based platforms to collect and integrate data and transform business processes.

"We are excited to become part of the NNIT Group and continue our successful growth," says Richard Higger, co-founder and CEO, Valiance Partners. "With NNIT’s experience in international life sciences, we see an opportunity to expand our successful business in additional markets. Our two companies have already collaborated on several projects and learned that we make a good fit.”

Valiance Partners – ranked among the fastest-growing companies in the US[1] - has managed and successfully completed more than 500 migrations for over 100 clients[2], including many of the world’s leading pharmaceutical, medical device and biotechnology companies.

One of the key platforms supported by Valiance Partners’ proprietary software is Veeva Vault, a unified suite of applications for clinical, regulatory and quality, which enables companies to drive greater efficiency and maintain compliance throughout the product lifecycle.

Valiance Partners, LLC is currently employing 60+ people in its offices in New Jersey, US, and Dublin, Ireland. In order to focus on its current strong growth, Valiance Partners, LLC will continue to operate as an independent company under the name “Valiance Partners – an NNIT Group Company.”

Following the acquisition, Valiance Partners, LLC will continue its current business and work closely with NNIT to realize cross-sales synergies.

In May 2017, NNIT acquired SCALES Group.

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

***

[1] https://www.valiancepartners.com/news/valiance-partners-named-one-of-americas-fastest-growing-private-companies-on-inc-5000-list/

[2] https://www.valiancepartners.com/news/valiance-partners-named-one-of-americas-fastest-growing-private-companies-on-inc-5000-list/

​NNIT and PFA extend and expand collaboration with focus on agility and innovation

Pressrelease • Oct 03, 2018 10:32 GMT

Copenhagen, October 3, 2018 – NNIT, a leading provider of IT services and consultancy, announces that it has signed an extension of its agreement with PFA, the largest commercial pension company in Denmark with more than DKK 500 billion under management and 1.2 million customers.

Over the next five years, NNIT A/S will continue to deliver global IT infrastructure and operations as well as consultancy to PFA and thus provide the digital services and infrastructure that enable PFA to cost-efficiently strengthen its customer service and supports the company’s agile transformation.

The agreement marks the continuation of a nine-year-long collaboration, which was initiated in March 2009. The estimated total value of the agreement amounts to approximately half a billion DKK.

Furthermore, the renewed agreement will include application management and a stronger focus on agile development and DevOps to help the organization’s continuous development and delivery of competitive services.

NNIT will assume 16 employees from PFA, who will be welcomed in NNIT’s headquarter offices in Soeborg by approximately 1,600 colleagues there and more than 3,100 colleagues globally.

Senior Vice President at NNIT Jacob Hahn Michelsen says about the agreement:

“Entering this third contract period, we look forward to honor PFA’s high expectations to IT infrastructure and services that support their digital transformation. We welcome 16 new employees to the team who enter a very exciting collaboration with focus on agile development.”

Jon Johnsen, Chief Operating Officer and Executive Management member, PFA, is also looking forward to the continued collaboration and says:

“We are happy to continue our close collaboration with NNIT and develop our partnership further in order to create strong IT solutions for the future PFA. The agreement is a central element in PFA’s agile and innovative transformation, which will secure even better client experiences and higher efficiency in all of our digital processes.”

The agreement is effective as of January 1, 2019, and runs until end 2023, replacing the existing agreement. Transition and replacement of employees will take place during October 2018.

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More information

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

Kristian Lund Pedersen, Chief Press Officer, PFA, +45 61 22 22 31, klp@pfa.dk.

​Once again: NNIT achieves gold certification for data center

Pressrelease • Oct 01, 2018 15:02 GMT

Copenhagen, October 1, 2018 – NNIT A/S has achieved the final part of the operational certification for Data Center II situated in Ejby, Denmark. It’s the second time within less than a year for the leading provider of IT services and consultancy to achieve full Tier 3 certification for one of its data centers.

This tier III certification, which completes a year-long process, has focused on documentation for world-class design, facility, and operations for the people working in the data center.

According to the organization behind the certification, the internationally acknowledged UptimeInstitute, around  70% of the registered incidents in data centers are caused by humans.

This recent part of the certification related to operation is therefore extremely important for a quality service provider like NNIT, who delivers the IT backbone to a long list of large corporations and institutions critical to society. Ricco Larsen, Senior Vice President, NNIT A/S explains:

“This certification from UptimeInstitute is an important proof of quality and security because it concerns people and the way we work. At the end of the day, all digital life is carried by a data center, and we can now document that ours match the highest market standards.”

The data center situated close to Copenhagen has previously achieved the rare and prestigious certification for its “design” and “facility”, which is now accompanied by operational certification.

NNIT achieved the full official Tier III certification through UptimeInstitute, an internationally acknowledged and unbiased advisory organization.

Ricco Larsen continues:

“NNIT is now able to offer customers access to three state-of-the-art data centers with Tier III certifications, we are the only IT supplier in Denmark with a complete certification of all our data centers.”

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. NNIT A/S has more than 3,100 employees.

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More information

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

Watch video fromNNIT's data center for public and private digital transformation.

NNIT positioned as a Major Contender for Life Sciences Digital Services

Pressrelease • Sep 12, 2018 09:01 GMT

New analysis of leading digital service providers puts NNIT in a solid position on the life sciences map.

Copenhagen, September 12, 2018 - The internationally acknowledged consulting and research firm Everest Group recently positioned NNIT as a Major Contender in the digital service provider landscape for life sciences companies.

This position is described in a new report, which helps life sciences companies select their digitalization partners: “Life Sciences Digital in Europe – Service Provider Landscape with Services PEAK Matrix™ Assessment 2018”.

As the focus on the patient increases and with a growing demand for individualized treatments and integrated care, pharmaceutical companies now need to develop digital strategies along the entire value chain. The companies need to find credible partners who can help them make use of new technology such as artificial intelligence, automation and blockchain.

“These new technologies drive digital transformation into areas such as Research & Development and Production, both of which continue as core business areas for NNIT,” explains Brian Troelsen, Business Development Director, NNIT. He continues:

“Leading pharmaceutical companies through a digital transformation requires skill, experience and a profound understanding of its intricacies. The position assigned to us by Everest Group, is a testimony to NNIT’s IT expertise within the global life sciences industry.”

During the past two decades NNIT has grown out of the pharmaceutical industry to establish itself as a highly regarded IT service provider with the scale and capabilities to support life sciences companies on a global basis.

Everest Group’s PEAK Matrix assessment adopts an unbiased and fact-based approach, highlighting and positioning only the best-in-class service providers within Life Sciences Digital. Making it through the assessment and being represented on the PEAK Matrix is itself a favorable recognition.

NNIT has approximately 3,000 employees and 400 clients in Europe, USA and Asia (June 2018).

***

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

About Everest Group PEAK MatrixTM

https://www.everestgrp.com/research/peak-matrix/

Financial report for the first six months of 2018

Pressrelease • Aug 17, 2018 12:08 GMT

Performance highlights for the first six months of 2018:

  • Revenue from non-Novo Nordisk customers increased by 12% supported by strong growth from both enterprise and international life sciences customers of more than 20%. However, due to a decline in revenue from the Novo Nordisk Group of 9.1% total revenue increased by 2.9% in reported currencies
  • The share of revenue from non-Novo Nordisk customers increased from 58% in 6M 2017 to 63% in 6M 2018 becoming less dependent of the Novo Nordisk Group
  • Operating profit margin was 9.3% in 6M 2018 in reported currencies compared to 9.6% in 6M 2017
  • Net profit of DKK 102m in 6M 2018 was in line with 6M 2017 of DKK 103m
  • Free cash flow for 6M 2018 was DKK 58m compared to DKK 19m in 6M 2017
  • Order backlog for 2018 at the beginning of Q3 2018 was DKK 2,682m, an increase of 0.4% compared to the same time last year. The backlog for the following two years increased by 1.1%
  • The Board of Directors has decided to pay an interim dividend for 2018 of DKK 2.00 per share corresponding to DKK 49.1m.

Outlook for 2018 is unchanged:

  • Expected revenue growth of 3-6% in constant currencies
  • Expected operating profit margin of 10-10.5% in constant currencies
  • The expected level of investments in 2018 is 6-8% of total revenue
  • The Board of Directors has decided to pay an interim dividend for 2018 of DKK 2.00 per share corresponding to DKK 49.1m.

Per Kogut, CEO at NNIT comments: “NNIT experienced a strong Q2 2018 following a revenue decline in Q1 2018, and I am pleased to see a revenue growth of 8.3% and an operating profit margin of 9.9% in Q2 2018. This strong performance continues to be driven by the enterprise, public and international life sciences customer groups.”

Conference call details

NNIT will host a teleconference August 17, 2018 at 14:00 CET about the financial report for Q2 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/20180817

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 2018

August 22, 2018 Interim dividend ex dividend date

August 23, 2018 Interim dividend record date

August 24, 2018 Interim dividend payment date

October 25, 2018 Interim report for the first nine months of 2018

Contacts for further information

Investor relations:
Klaus Hosbond Skovrup
Head of Investor Relations
Tel: +45 3079 5355
Email: ksko@nnit.com

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

NNIT and ValGenesis Partner on Cloud-Based Validation Software for the Life Sciences Industry

Pressrelease • Aug 14, 2018 09:02 GMT

Copenhagen, August 14, 2018 – NNIT, a leading provider of IT services and consultancy, announces a strategic partnership with ValGenesis Inc., a pioneer in paperless validation software systems.

Validation activities in the life-sciences sector are still almost entirely manual and paper-based, and the process is usually inefficient, costly and prone to error. As the global leader in Enterprise Validation Lifecycle Management Solutions (VLMS), ValGenesis enables companies to manage their entire IT validation lifecycle electronically.

The cloud-based ValGenesis solution helps life sciences companies eliminate the use of paper and remove the inefficiencies that plague today’s IT validation processes. It enables rigorous compliance, helps to address data integrity concerns, improve consistency and reduce validation cycle time significantly.

“We partner with the first mover in this niche area to help more life sciences companies say goodbye to paper,”

says Bo Olsen, General Manager, NNIT US. He continues:

“ValGenesis’ software is developing into a de-facto standard on how validation should be assured and managed because companies adopting ValGenesis are realizing significant improvement (consistency, compliance and cycle time reduction) in their validation processes.”

As the preferred global partner to ValGenesis, NNIT will integrate the paperless validation software within its suite of services for the pharmaceutical and biotech industry. The training and cooperative efforts will focus on NNIT’s 200+ validation consultants and sales force in Europe.

The two companies already have good experience working together in the US market, where ValGenesis’ software has been implemented by ten out of the top 20 pharmaceutical companies.

“Not only does ValGenesis allow life sciences companies to manage their validation processes electronically; it significantly reduces the validation cycle time and cost, eliminates potential data integrity issues in the validation process, enables standardization and enforces consistency and compliance in the corporate validation process. We look forward to expanding our footprint and provide top-notch local support to our customers by partnering with NNIT, a leading provider of IT services and consultancy to the global life sciences industry with exceptionally strong positions in Europe and China,” explains Siva Samy, Ph.D., CEO at ValGenesis.

NNIT has approximately 400 clients of which around 150 are located outside Denmark. Some 20% are international life sciences clients (June 2018).

More information

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

Shanti Mulyadi, ValGenesis – Communication, Ph: 510 445 0505 Ex. 1015, Shanti.mulyadi@valgenesis.com.

​NNIT and Vestas extend collaboration with focus on data and flexibility

Pressrelease • Jun 08, 2018 09:01 GMT

Copenhagen, June 8, 2018 – NNIT, a leading provider of IT services and consultancy, announces that it has signed an extension of its agreement with Vestas, a market leader in sustainable energy solutions.

Over the next five years, NNIT A/S will continue to deliver global IT infrastructure and operations to Vestas and hereby provide the digital services and infrastructure that enable Vestas to leverage data to deliver market leading energy solutions.

The agreement marks the continuation of a five-year-long successful collaboration, initiated in December 2013, now allowing for a higher degree of flexibility. The agreement is thus a combination of a base agreement and a number of add-on agreements allowing for a more flexible and scalable design.

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

“Vestas is a pioneer within sustainable energy and as a global leader the company continues to develop its technology foundation. Vestas’ decision to prolong this collaboration with this more flexible agreement confirms NNIT’s ability to deliver today and meet tomorrow’s requirements in a world where technology constantly expands our possibilities.”

Morten Duus, Vice President of Global IT, Vestas is also looking forward to the continued collaboration and says:

“Vestas continues to bring down the cost of energy across its energy solutions, which among other things include using data to optimize across the entire value chain as well as engaging in deals with the flexibility that can meet our changing needs. With this new agreement, NNIT has shown a strong focus on meeting our requirements for flexibility and created a setup that fits nicely into our strategy.”

The agreement is effective as of January 2019 and runs until end 2023, replacing the existing agreement, which expires in 2018.

NNIT has approximately 350 clients of which around 100 are located outside Denmark. Some 20% are international life science clients (January 2018).

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More information

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

Anders Riis, Head of Media Relations, Vestas, +45 41 81 39 22, anprr@vestas.com.

NNIT wins contract on public digital self-service portal

Pressrelease • May 30, 2018 17:19 GMT

Copenhagen, May 30, 2018 – NNIT, a leading provider of IT services and consultancy, has signed a contract with the Danish Agency for Digitisation on it-infrastructure operation of the next generation of NemLog-in.

Over the next minimum seven years, NNIT will handle operations of the third generation of the successful portal to public digital self-service in Denmark.

NemLog-in is the keyhole to the digitized public administration used by almost every Danish citizen and 250,000 companies and public authorities. Citizens and employees use it e.g. to access their tax balance or order a new passport.

The portal helps consolidate Denmark’s position as one of the world’s most digitized societies, explains Vice President at NNIT Lars Andersen:

“Denmark is the most digital country in EU, and in NNIT we look very much forward to continue cooperating with the public sector to secure the extremely high level of security, stability and quality for the flexible solution, which at the same time remains open to new technologies.”

NNIT has managed both operations and development since January 2013, and the two tasks are now offered separately.

The tender for the operation of Nem-Login was published in November 2017. Four suppliers were prequalified, and NNIT provided the offer with the best balance between price and quality.

NNIT has approximately 350 clients of which around 100 are located outside Denmark. Some 20% are international life science clients (January 2018).

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More information

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

​NNIT enters collaboration about global platform with blockchain start-up

Pressrelease • May 17, 2018 08:10 GMT

Copenhagen, May 172018 – NNIT A/S, one of Denmark's leading IT service providers and consultancies, signed an agreement with Blockshipping, a Copenhagen-based start-up company creating the Global Shared Container Platform (GSCP).

According to the agreement, NNIT and Blockshipping will begin their collaboration in Q2 2018. The platform will be built around blockchain technology, the Internet of Things and modern sensor technology, whereas the core infrastructure will rest on a cloud computing platform to provide for maximum scalability, flexibility and availability.

For years, the shipping industry has struggled with low margins and limited space for further cost reductions, and the GSCP is designed to bring solutions to some of its biggest challenges -overcapacity, security threats and the increasing environmental regulation.

The GSCP will become the first real-time registry for the world’s approximately 27 million shipping containers, and be available to all the players in the industry in order to increase the efficiency of handling transactions related to shipping containers across the world.

Johann Gautier, Vice President in Management Consulting, responsible for NNIT’s Blockchain team, says about the agreement:

“The GSCP has attracted a lot of attention because it is presented as a blockchain solution to real-world problems. The timing is perfect, and we look forward to collaborate with Blockshipping as they help the shipping industry embrace digitization with new business models and emerging technologies.”

The GSCP is already funded by The Danish Maritime Fund, private business angels and venture capitalists. To accelerate the development of the platform, an initial coin offering, ICO, began on May 14, 2018.

While the Blockshipping team consists of people with decades of experience from senior positions in the global container shipping industry, NNIT enters the collaboration with a team that combines programme leadership with design-thinking experience, blockchain architecture knowledge and offshore development of prototypes.

“We look forward to draw on NNIT’s expertise from large scale IT project management and execution to make the GSCP a reality,” says Peter Ludvigsen, founder of Blockshipping. He continues:

“We want the GSCP to be a leading platform within the shipping industry. Blockshipping has therefore found a perfect match in NNIT, a highly esteemed IT-provider to some of the most regulated industries with quality and security in high demand. “

NNIT has approximately 350 clients of which around 100 are located outside Denmark. Some 20% are international life science clients (January 2018).

***

More information

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

Michael Juul Rugaard, Norfico, +45 44 40 31 32, michael@blockshipping.io

Financial report for Q1 2018

Pressrelease • May 15, 2018 17:25 GMT

NNIT delivers an operating profit margin of 8.7% while revenue declines by 2.3% despite a revenue increase of 12% from non-Novo Nordisk customers

Performance highlights for Q1 2018

  • Revenue from non-Novo Nordisk customers increased by 12% supported by strong growth from both enterprise and international life sciences customers of more than 20%. However, due to decline in revenue from the Novo Nordisk Group of 20% and the timing of Easter total revenue declined by 2.3% in reported currencies
  • Adjusted for the timing of Easter revenue development was almost flat
  • The share of revenue from non-Novo Nordisk customers increased from 55 % in Q1 2017 to 63% in Q1 2018
  • Operating profit margin was 8.7% in reported currencies compared to 10.5% in 2017
  • Adjusting for the timing of Easter the operating profit margin was 10.5%
  • Net profit of DKK 46m in Q1 2018 was a decrease of 18% compared to Q1 2017. Adjusted for the timing of Easter net profit increased by 1.4% compared to last year
  • Free cash flow for Q1 2018 was DKK 143m compared to DKK 163m in Q1 2017
  • Order backlog for 2018 at the beginning of Q2 2018 was DKK 2,487m, an increase of 2.8% compared to the same time last year. The backlog for the following two years increased by 20%

Outlook for 2018 is:

  • Revenue growth of 3-6% in constant currencies (previously 4-7%)
  • Expected operating profit margin of 10-10.5% in constant currencies
  • The expected level of investments in 2018 is 6-8% of total revenue

Based on the strong cash flow NNIT will pay out an interim dividend in August 2018 of DKK 49.1m in cash equal to DKK 2 per share of a nominal value of DKK 10.

Per Kogut, CEO at NNIT says about the results for the first three months of 2018: "I am encouraged by the continued strong growth in particular the enterprise and international life sciences customer groups. The decline in revenue from the Novo Nordisk Group was larger than expected and we have therefore adjusted our revenue growth guidance for 2018 to 3-6%. Under these circumstances, I am pleased that we have maintained our operating profit margin guidance of 10-10.5%."

Conference call details
NNIT will host a teleconference May 16, 2018 at 10:30 CET about the financial report for Q1 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/20180516

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 2018

  • August 17, 2018 Interim report for the first six months of 2018
  • August 22, 2018 Interim dividend ex dividend date
  • August 23, 2018 Interim dividend record date
  • August 24, 2018 Interim dividend payment date
  • October 25, 2018 Interim report for the first nine months of 2018

Contacts for further information

Investor relations: Klaus Hosbond Skovrup
Head of Investor Relations
+45 3079 5355
ksko@nnit.com

Media Relations: Helga Heyn
NNIT Communications
+45 3077 8141
hhey@nnit.com

NNIT signs agreement with NNE on global IT outsourcing

Pressrelease • Apr 26, 2018 10:23 GMT

NNIT will deliver full stack of corporate IT services to NNE who is experiencing growth with focus on the international life science industry.

  • NNIT will take over NNE’s global IT infrastructure
  • NNIT will assume 27 employees from NNE
  • Like NNIT, NNE was born and raised in the Danish pharma industry and is today an international engineering company targeting clients from its industry of origin
  • NNIT has approximately 350 clients of which around 100 are located outside Denmark. Some 20% are international life science clients.

Copenhagen, April 26, 2018 – NNIT, a leading provider of IT services and consultancy signs an IT outsourcing agreement with NNE, owned by Novo Nordisk A/S.

Like NNIT, NNE was born and raised in the Danish pharma industry and is today an international engineering company targeting customers from its industry of origin. Specialized in pharma engineering, NNE provides flexible, compliant and future-proof solutions that help pharmaceutical companies bring products to market.

As part of the new agreement, which was signed today, NNIT will take over the global IT infrastructure for NNE. The broad portfolio of services to NNE will include remote infrastructure management to affiliates, global end user support services and full capacity hosted in NNIT’s datacenters located in Denmark.

CFO René Holmen Pedersen, NNE is looking forward to the transition and says about the agreement:

”IT outsourcing allows us to focus on realizing the potential related to developments in information technology and digitalization and thereby to focus on delivering innovative solutions to our customers in the international pharma business. It’s comforting to put the responsibility in the hands of NNIT who understands the regulatory requirements to IT solutions in the international life science industry.”

By choosing NNIT, NNE will get flexible and scalable IT services while obtaining operational excellence and a high security level.

Senior Vice President in NNIT, Jacob Hahn Michelsen, says about the agreement:

”We look forward to securing high quality IT to NNE internationally with robust solutions and innovative development, thereby supporting their continued growth further into the global pharmaceutical industry.”

NNIT will assume 27 employees from NNE, who will be welcomed by approximately 1,600 colleagues in Soeborg and 800 colleagues in China, respectively, out of a total of more than 3,000 colleagues globally.

NNIT has approximately 350 clients of which around 100 are located outside Denmark. Some 20% are international life science clients (January 2018).

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More information

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

About NNITNNIT 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. NNIT A/S has more than 3,000 employees. For more information please visit www.nnit.com.

About NNE

www.nne.com

NNIT signs agreement with NNE on global IT outsourcing

Pressrelease • Apr 26, 2018 10:22 GMT

NNIT will deliver full stack of corporate IT services to NNE who is experiencing growth with focus on the international life science industry.

  • NNIT will take over NNE’s global IT infrastructure
  • NNIT will assume 27 employees from NNE
  • Like NNIT, NNE was born and raised in the Danish pharma industry and is today an international engineering company targeting clients from its industry of origin
  • NNIT has approximately 350 clients of which around 100 are located outside Denmark. Some 20% are international life science clients.

Copenhagen, April 26, 2018 – NNIT, a leading provider of IT services and consultancy signs an IT outsourcing agreement with NNE, owned by Novo Nordisk A/S.

Like NNIT, NNE was born and raised in the Danish pharma industry and is today an international engineering company targeting customers from its industry of origin. Specialized in pharma engineering, NNE provides flexible, compliant and future-proof solutions that help pharmaceutical companies bring products to market.

As part of the new agreement, which was signed today, NNIT will take over the global IT infrastructure for NNE. The broad portfolio of services to NNE will include remote infrastructure management to affiliates, global end user support services and full capacity hosted in NNIT’s datacenters located in Denmark.

CFO René Holmen Pedersen, NNE is looking forward to the transition and says about the agreement:

”IT outsourcing allows us to focus on realizing the potential related to developments in information technology and digitalization and thereby to focus on delivering innovative solutions to our customers in the international pharma business. It’s comforting to put the responsibility in the hands of NNIT who understands the regulatory requirements to IT solutions in the international life science industry.”

By choosing NNIT, NNE will get flexible and scalable IT services while obtaining operational excellence and a high security level.

Senior Vice President in NNIT, Jacob Hahn Michelsen, says about the agreement:

”We look forward to securing high quality IT to NNE internationally with robust solutions and innovative development, thereby supporting their continued growth further into the global pharmaceutical industry.”

NNIT will assume 27 employees from NNE, who will be welcomed by approximately 1,600 colleagues in Soeborg and 800 colleagues in China, respectively, out of a total of more than 3,000 colleagues globally.

NNIT has approximately 350 clients of which around 100 are located outside Denmark. Some 20% are international life science clients (January 2018).

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More information

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

Follow this link to view an online version of the release at Nasdaq.