Netcompany grew earnings by means of 27% and realised 21.8% margin in 2021 – in step with expectancies
In This autumn 2021, Netcompany grew earnings in consistent currencies to DKK 1,140.8m – equivalent to 47.6% enlargement in comparison to This autumn 2020. In reported currencies, earnings grew by means of 49.1%. Of the overall earnings enlargement, 37 share issues was once non-organic associated with the purchase of Intrasoft World S.A.
Adjusted EBITDA was once DKK 238.4m in reported currencies, which was once in step with ends up in This autumn 2020. Adjusted EBITDA margin for Netcompany Core[1] was once 24.3% and 9.7% for Netcompany-Intrasoft.
Adjusted EBITA was once DKK 210.3m in This autumn 2021 in comparison to DKK 223.5m in This autumn 2020. Adjusted EBITA margin was once 18.3% together with effects from Netcompany-Intrasoft, which diluted margins by means of 3.6 share issues.
Moderate collection of full-time staff in Netcompany Core grew 513 from 2,996 in This autumn 2020 to three,509 in This autumn 2021, whilst the purchase of Intrasoft added some other 2,862 FTE. Finish of 2021, overall FTE´s for the Team was once 6,380.
For the overall yr, Netcompany realised overall earnings enlargement of 27.9% in reported currencies, which ended in overall reported earnings of DKK 3,623m for the yr. In consistent currencies earnings grew 27% – in step with steerage for the yr – of which 10.1 share issues was once non-organic associated with the purchase of Intrasoft World in 2021.
For 2021, adjusted EBITDA for the Team was once 24.2%, which was once fairly above steerage. For Netcompany-Intrasoft, adjusted EBITDA was once 9.7%, which was once above steerage. For Netcompany Core adjusted EBITA was once 23.1% – in step with steerage.
Loose money go with the flow for the yr was once DKK 408m in comparison to DKK 557m in 2020. Normalised money conversion ratio was once 94.3%. Money and money equivalents higher by means of round DKK 100m.
Earnings visibility higher by means of 79.4% to DKK 3,824.8m for 2022 in comparison to DKK 2,131.7m for 2021. Netcompany Core accounts for DKK 2,488.1m, which is a rise of 16.7% in comparison to 2021. Netcompany-Intrasoft accounts for DKK 1,336.6m.
For 2022, Netcompany expects earnings enlargement in consistent currencies of between 48-56%, of which 13-18 is predicted to be biological.
Adjusted EBITDA margin is predicted to be above 20% and changed EBITA margin for Netcompany Core is predicted to be above 23%.
[1] Netcompany Core is outlined as Team much less Netcompany-Intrasoft
In This autumn, we finished the purchase of Intrasoft World S.A. as deliberate and I’m excited to welcome all Intrasoft staff, consumers, and different stakeholders to the Netcompany Team.
The purchase of Intrasoft impacted our earnings enlargement by means of 37%, for the 2 months of 2021 that had been below our possession, which lifted our overall earnings enlargement for the quarter to with regards to 50%.
In spite of new COVID-19 imposed restrictions in December and higher illness during the Team associated with the Omicron variant, we succeeded in assembly our steerage for the overall yr earnings enlargement and margins as earnings grew 27% in consistent currencies and changed EBITA margin for the Team was once 21.8%.
With the purchase of Intrasoft and the ongoing ability acquisition in Netcompany Core, we input 2022 with greater than 6,500 gifted staff, which is able to lay a robust basis for our persevered enlargement.
I glance into 2022 with nice enthusiasm as I firmly consider that Netcompany stands in a robust place to be a number one participant within the persevered digitalisation of societies. With our platforms and our deep IT abilities embedded in all of our staff, we will be able to be in a good place to boost up our Ecu presence additional and proceed our paintings in opposition to our purpose – to turn into a Ecu IT products and services chief inside the decade. André Rogaczewski, Netcompany CEO and Co-founder
This autumn Efficiency highlights
Earnings higher by means of 49.1% to DKK 1,152.1m in reported currencies and by means of 47.6% in consistent currencies.
Natural earnings grew by means of 12.1%.
Gross benefit margin was once 33.5% towards 42.4% in This autumn 2020.
Adjusted EBITA diminished 5.9% and yielded a margin of 18.3%.
Adjusted EBITA margin was once 21.8% for the biological companies.
Loose money go with the flow was once DKK 134.7m.
Honest worth adjustment of the funding within the Netherlands mirrored a lower of the overall anticipated acquire value and impacted internet benefit definitely by means of DKK 29.4m.
Money conversion price was once 78%. Adjusted for the honest worth adjustment to the contingent acquire value and normalised for tax fee, conversion price was once 112.3%.
Debt leverage to twelve months rolling adjusted EBITA was once 2.7.
For more information, please touch
André Rogaczewski, CEO, +45 70 13 14 40
Thomas Johansen, CFO, +45 51 19 32 24
