Financial results for Q4 and FY 2023 released: Improved business and financial performance
The Group improved business and financial performance throughout the year and delivered on the outlook, which was upgraded in August, 2023.
The Group improved business and financial performance throughout the year and delivered on the outlook, which was upgraded in August, 2023.
Everest Group has just released its Life Sciences Digital Services Specialists PEAK Matrix® Assessment 2024 (part of the Life Sciences Information Technology research program), and we are proud to announce that NNIT features among the Leaders.
Having already partnered with IBM on the implementation of a finance-grade ESG system, NNIT now onboards sustainability experts Transition to provide end-to-end ESG advisory services.
The positive trajectory from the first half of 2023 continued through the third quarter. The improvement of performance is in line with the upgraded guidance provided in August and emphasizes the positive direction set with the new strategy.
For the past many years, corporate sustainability work and reporting have been more or less ungoverned and unaudited (under the Non-Financial Reporting Directive). Soon, with EU’s Corporate Sustainability Reporting Directive (CSRD) coming into effect in January 2024, the scope of requirements will be significantly extended, impacting up to 50,000 European companies.
NNIT completed the transformative divestment of its infrastructure operations to become a highly specialized IT services provider and generated growth and improved earnings entailing an upgrade of the 2023 outlook on August 26.
NNIT’s SAP unit is now headed by Christian Staalby who has spent most of his career either working with or being employed by SAP.
In June, we have added Lars Verning to our Microsoft Dynamics 365 team. He will assume the position of Associate Vice President and head up the NNIT Cloud solution area.
Following the divestment of our former infrastructure operations, two new general managers have been appointed to head up our service delivery centers in the Philippines and Czech Republic.
NNIT presents a new NNIT management team – following the divestment of its infrastructure operations and launch of a revised strategy to support the new beginning as an international IT consultancy business.
NNIT completed the carve-out and divestment of its infrastructure business on April 28. The Group delivered solid business performance, generating revenue growth of 16% (11% organic) to DKK 413 million in Q1 2023 and improved the operating profit margin significantly to 4.9% on the back of higher revenue and utilization.
Besides continuing our existing initiatives, 2022 included important extensions of our efforts, among which is our commitment in august to the Science Based Targets initiative, and a significant increase in our GHG Scope 3 reporting.
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 March 14, we received our second ISO 14001 certification within two months.
New CFO Carsten Ringius has a vision for Corporate Finance and the value-adding role it will play on NNIT’s road to becoming a leading provider of IT consulting services to life sciences and other regulated industries, but his first order is to complete the financial split related to the divestment of the Infrastructure Operations business.
After a long and very successful career within life sciences consulting, most notably within pharma production, Associate Vice President and Head of NNIT Production and Laboratory Thomas Halfmann has decided to leave NNIT and the consulting business to wholeheartedly pursue a career within photography.
On December 16, the Danish Agency for Higher Education and Science re-awarded NNIT a contract with a value exceeding DKK 300 million for the development and implementation, and subsequently operation and maintenance, of the future state educational grant and loan payment system in Denmark.
With the integration of Valiance, NNIT has added another dot to its world map. The Ireland office is situated in Dublin and is home to 42 full-time employees.
We are proud to announce that our data center in Bagsvaerd, Denmark, has been recertified as Tier III Gold for Operations by Uptime Institute®
NNIT continued to execute on the carveout of the Group’s infrastructure business and sustained the efforts to consolidate global delivery capabilities in Q3 2022 while seeing improved earnings in line with expectations.