Company Announcement
No. 14/2021
Summary
In Q2 2021, revenue grew organically by 21.2% in constant currencies to
Adjusted EBITA grew 3.3% to
Average number of full-time employees grew by 575, equal to an increase of 21.6% to 3,238 compared to 2,663 in Q2 2020.
Free cash flow was negative
By the start of
For 2021,
“In Q2 2021, we grew 21% and continued the strong momentum from the first quarter of 2021.
With the growth achieved in both the
Our continued growth is dependent on our ability to maintain and attract talent and I am pleased to have welcomed more than 350 new
As COVID-19 restrictions ease, we have increased our activities with our employees, and I am delighted to see more and more of our talented employees and meet our customers in face-to-face engagements again.
I am excited about the outlook for
Q2 Performance highlights
- Revenue increased by 22.4% to
DKK 826.7 in reported currencies and by 21.2% in constant currencies. - Gross profit margin was 35.5% against 38.4% in Q2 2020.
- Adjusted EBITA margin was 20.2% against 23.9% in Q2 2020.
- Free cash flow was
DKK -10.2m and was negatively impacted by a one-off payment to the Danish Vacation Fund ofDKK 96.9m . Adjusted for this, free cash flow wasDKK 86.8m . - Cash conversion rate was -8.5%. Adjusted for the payment to the
Danish Vacation Fund and on account income tax payments conversion rate was 39.9%. - Debt leverage to 12 months rolling adjusted EBITA was 0.8.
Financial overview
For full details on financial performance, see enclosed Company announcement Q2 2021.
Conference call details
In connection with the publication of the results for Q2 2021,
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 78 15 01 09
US: +1 631 913 1422 (PIN: 40313976#)
Webcast Player URL: https://streams.eventcdn.net/netcompany/2021q2
Additional information
+45 70 13 14 40
+45 51 19 32 24
Attachment
- Interim report Q2 2021
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