Skip to main content

Netcompany – Interim report for the three months ended 31 March 2025

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

Netcompany – Interim report for the three months ended 31 March 2025

Company announcement
No. 13/2025

                                                                                                                                1 May 2025

Growth and margin improvement in a continued challenging market

Summary

  • In Q1 2025, Netcompany grew revenue by 9.1% (constant 9%) to DKK 1,744.3m.
  • Adjusted EBITDA increased by 24.4% (constant 25%) to DKK 307.3m in Q1 2025.
  • Adjusted EBITDA margin was 17.6% in Q1 2025 (constant 17.7%) compared to 15.5% in Q1 2024.
  • Diluted earnings per share increased by 36.9% to DKK 2.56.
  • Average workforce increased by 342 FTEs to 8,150 FTEs in Q1 2025 from 7,808 FTEs in Q1 2024.
  • Free cash flow increased to DKK 67.9m in Q1 2025 from negative DKK 4.9m in Q1 2024.
  • Cash conversion ratio (tax normalised) was 83.3% in Q1 2025.
  • Debt leverage improved to 1.2x in Q1 2025 from 1.6x in Q1 2024.


“The Group continued the growth momentum from last year and grew revenue by 9.1% in Q1 2025. At the same time, we increased our margin by more than two percentage points to 17.6%. Our growth is built on the continued focus on our products and platforms – a proven foundation for our future growth within Netcompany.

During Q1, we announced the merger with SDC into a newly formed entity – Netcompany Banking Services. The transaction is still on schedule to be completed around mid-year.

At the end of Q1 2025, we employed more than 8,150 talented people and mainly grew in the international part of the Group.

Irrespective of the increased geopolitical turmoil and the high level of uncertainty we reiterate our full year financial expectations of revenue growth of 5% to 10% and an adjusted EBITDA margin of between 16% and 19%.

We believe that Europe is in a unique position to strengthen itself in these uncertain times and we take pride in being a mission critical provider of world leading digitalisation services and solutions supporting governments and enterprises throughout Europe.”

André Rogaczewski
Netcompany CEO and Co-founder

Financial overview
For full details on financial performance, see enclosed Company announcement Q1 2025.

Conference details
In connection with the publication of the results for Q1 2025, Netcompany will host a conference call on 1 May 2025 at 11.00 CEST.

The conference call will be held in English and can be followed live via the company’s website; www.netcompany.com

Dial-in details for investors and analysts
DK: +45 7876 8490
UK: +44 203 769 6819
US: +1 646 787 0157
PIN: 598046

Webcast Player URL: https://netcompany-as.eventcdn.net/events/interim-report-for-the-first-three-months-of-2025

Additional information
For additional information, please contact:

Netcompany Group A/S
Thomas Johansen, CFO, + 45 51 19 32 24
Frederikke Linde, Head of IR, +45 60 62 60 87

Attachment

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.