Netcompany (One-pager): FY2024 meets guidance, but mid-term revenue guidance delayed one year
Read the latest Netcompany One-pager following the FY 2024 results. The year 2024 showed a recovery in its Netcompany’s Danish market, with continued but slower growth in its international markets, as its go-to-market strategy based on platforms supported new and large project wins in the year. The UK was the only market to realize negative y/y growth as a change in government in July stalled spending on the large DALAS framework. FY 2025 guidance is for 5-10% revenue growth, with 16-19% adj. EBITDA margins, driven by the ramp-up of major projects including DALAS, Avinor, and other projects agreed in late 2024 and January 2025.
Netcompany delayed its mid-term revenue ambitions by one year, now aiming for revenue of DKK 8.5bn by 2027 (previously 2026) reflecting a 9% CAGR but maintained its ambitions for >20% adj. EBITDA margins by 2026 following international market margin expansion in 2024. After DKK 800m buybacks in 2024, Netcompany canceled 2.5m shares (5% of total) and reaffirmed its ambition for over DKK 2.0bn in total buybacks between 2024-2026. No buybacks are initiated in connection with the report due to advanced strategic considerations.
To learn more about Netcompany, its performance in 2024, and outlook for 2025 and beyond, join the presentation of the FY 2024 event hosted with Netcompany CFO Thomas Johansen, where you can ask questions directly. The event will be held on Friday 31st January at 11:00 (in Danish).
Link: https://www.inderes.dk/videos/netcompany-praesentation-af-arsregnskabet-for-2024
Disclaimer: HC Andersen Capital receives payment from Netcompany for a DigitalIR/corporate visibility subscription agreement./ Philip Coombes 13:07, updated 15:36 29/01/2025.
Netcompany Group
Netcompany Group is an IT company. The company specializes in consulting services and business-critical IT solutions, including internal systems development, big data management, mobile apps, analysis services, and E-commerce solutions. The customers can be found in several sectors, including finance, industry, authorities, and institutes. Netcompany was founded in 2000 and has its headquarters in Copenhagen.
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