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🇩🇰 Denmark /Economy & Trade

Netcompany raises revenue forecast after strong second-quarter sales growth

From Berlingske · () Danish

Translated from Danish, summarized and contextualized by DistantNews.

At a glance

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  • Netcompany has raised its full-year revenue growth forecast to between 16% and 20.5% from a previous range of 15% to 20%.
  • The upgrade follows strong sales growth in the second quarter, including from the acquired bank data company, now renamed Netcompany Banking Services.
  • The company's profit after tax increased significantly to 197 million Danish kroner from 56 million kroner in the same period last year.

Danish IT company Netcompany has increased its revenue growth expectations for the current fiscal year. The company now anticipates a total revenue growth of 16% to 20.5%, an upward revision from its earlier projection of 15% to 20%.

This improved outlook is driven by a successful sales performance in the second quarter. The acquisition of the bank data company, which has been rebranded as Netcompany Banking Services, has contributed to this growth. Beyond the acquired entity, Netcompany's existing operations also saw increased sales.

For its non-banking services activities, Netcompany now forecasts growth between 6.5% and 10.5%, up from the previous estimate of 5% to 10%. This stronger-than-expected revenue performance has also boosted the company's profitability, with profit after tax soaring to 197 million Danish kroner from 56 million kroner in the first half of the previous year.

DistantNews Editorial

Originally published by Berlingske in Danish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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