Financial results for Q4 and FY 2024 released: Solid end to the year resulting in full-year results in line with latest outlook
The Group continued to grow revenue organically and deliver profit margin in line with the updated outlook for the year.
The Group continued to grow revenue organically and deliver profit margin in line with the updated outlook for the year.
On November 22, the Science Based Targets initiative validated that the greenhouse gas emissions reductions targets submitted by NNIT A/S conform with the SBTi Criteria and Recommendations.
The Group improved business and financial performance throughout the year and delivered on the outlook, which was upgraded in August, 2023.
NNIT set out to enable future growth in 2022 and launched strategic initiatives to unlock the Group’s full business potential as a specialized IT consulting business focused on the two core business areas of Life Sciences Solutions and Cloud & Digital Solutions with a strong and consolidated Global Delivery Center and streamlined operations.
On June 1, NNIT was awarded the contract for delivery of administrative IT systems and services to Danmarks Nationalbank. The contract has an estimated worth of DKK 1 billion and runs for a period of six years with the possibility for extending for another two years. The standstill period has now come to an end, and the contract has been signed.
NNIT has appointed Camilla G. Møhl as its new SVP and Chief People, Communications and Marketing Officer. She will join NNIT Group Management no later than May 1, 2022.
In Q4, we saw continued strong growth within the Life Sciences International business while performance within the Private & Public segment remained weak. Once again, our Winning Solutions strategy gained traction, as it now constitutes 55% of NNIT’s revenue compared to 46% in the same period last year.