Netcompany Denmark grew by 7.6% driven by growth in both the public and private segments. Additionally, margin improved driven by gradually improved utilisation.

• Revenue growth: 7.6%
• Gross profit margin: 38.5%
• Adj. EBITA margin: 24.6%
• Client facing FTEs: 2,826

Netcompany-Intrasoft grew by 10.4% driven by a strong performance in the public segment, including EU, and improved margin driven by better utilisation and project execution.

• Revenue growth: 10.4%
• Gross profit margin: 21.9%
• Adj. EBITA margin: 13.0%
• Client facing FTEs: 3,547

 

Revenue in Netcompany UK declined by 8.7% driven by the public segment, which was impacted by delays in a large strategic project. The margin was consequently negatively impacted.

• Revenue growth: -8.7%
• Gross profit margin: 19.3%
• Adj. EBITA margin: 8.3%
• Client facing FTEs: 572

 

Netcompany Norway increased revenue by 5.9%, mainly driven by the public segment. Margin improved due to improved utilisation and project execution.

• Revenue growth: 5.9%
• Gross profit margin: 16.0%
• Adj. EBITA margin: 1.8%
• Client facing FTEs: 360

 

Netcompany Netherlands grew revenue by 34.4% driven solely by the public segment, while margin improved significantly due to better project execution and increased sales of products.

• Revenue growth: 34.4%
• Gross profit margin: 35.5%
• Adj. EBITA margin: 21.9%
• Client facing FTEs: 186