Q4 2024 Netcompany Group A/S Earnings Call Transcript
Key Points
- Netcompany Group AS (NTCYF) reported a revenue growth of 7.6% in reported currencies and 7.4% in constant currencies for the full year 2024, in line with their guidance.
- Gross profit increased by 11.9%, resulting in an improved gross margin of 29.1% compared to 28% the previous year.
- Adjusted EBITDA rose by 21.8% to DKK1.1 billion, with an adjusted EBITDA margin of 16.8% in reported currencies.
- The company secured several significant contracts in Q4, including a strategic partnership with Munich Airport and a contract with Forca in Denmark.
- Netcompany-Intrasoft showed strong performance with a 10.6% revenue growth in Q4, driven by both public and private segments.
- The UK segment experienced a revenue decline of 7.3% in Q4 due to slower public spending following the general election.
- The attrition rate increased to 18.1%, up by 2.8 percentage points compared to the previous year.
- Revenue visibility for 2025 is at 69.6% of the guided revenue midpoint, lower than the 74.4% at the same time last year.
- The company faced challenges in the Norwegian market with a revenue decline of 3.9% in Q4 due to decreased private segment revenue.
- The delay in public spending in the UK and divestment of non-strategic markets negatively impacted growth expectations for 2025 and beyond.
Welcome to Netcompany's Q4 and full-year 2024 presentation. Today's call is being recorded. (Operator Instructions) I would like to introduce CEO, Andre Rogaczewski, and CFO, Thomas Johansen. Andre, you may begin your presentation.
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Good day, and welcome to this presentation of Netcompany's results for Q4 and full year 2024. My name is Andre Rogaczewski, and I'm the CEO and Co-Founder of Netcompany, and I'm joined today by our CFO, Thomas Johansen. Before we get going, there are some important disclosures that I need you to read through. So could we please have slide number 2. I will pause here for thirty seconds and let you all have a read through of these important disclosures.
And with that, can we please go to slide number 3, please. The topic of today's presentation is our performance for Q4 and full year '24 as well as our guidance for 2025. I will walk you through the business highlights for Q4
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