NNIT settles an arbitration with a public customer and changes outlook for 2017
NNIT A/S (“NNIT”), a leading provider of IT services and consultancy announces that it has settled an arbitration with a public customer.
The arbitration was initiated before NNIT’s IPO in 2015 and is described in the IPO prospectus.
As a consequence of the settlement, NNIT makes a one-time revenue reversal of DKK 33 million impacting operating profit negatively by DKK 33m.
As a result,