NNIT A/S: NNIT restates its life science segment in its financial reporting structure
Today, NNIT announces an update to its financial reporting structure to ensure that all Life Sciences customers are fully consolidated under Region Europe, US, and Asia. As a result, all Life Science customers previously reported under Region Denmark irrespective of the business activity will now be included in Region Europe’s profit and loss statement. Going forward, Region Denmark will consist solely of the Public segment and the Private segment, which includes SCALES.
The restatement of the Life Sciences segment has been implemented and will take effect with the release of the interim report for the first nine months of 2025, scheduled for November 4, 2025. In the interim report for the first nine months of 2025, NNIT will include the P&L for Region Europe and Region Denmark before and after the restatement. This will also be done for the reporting of Q4 2025.
Historical financial figures have been restated accordingly, effective from the first quarter of 2024 (see enclosed factsheet). This change only impacts the financials for Region Europe and Region Denmark; the profit and loss statements for the Group, Region US, and Region Asia remain unchanged.
Restated P&L for Region Europe & Region DK
| Region Europe, DKKm | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | ||||||
| Restated | Bef. restated | Restated | Bef. restated | Restated | Bef. restated | Restated | Bef. restated | Restated | Bef. restated | Restated | Bef. restated | |
| Revenue | 175.8 | 126.4 | 185.3 | 135.0 | 167.5 | 126.7 | 170.9 | 124.2 | 168.5 | 119.3 | 160.5 | 116.4 |
| Production cost | 132.8 | 97.2 | 141.5 | 101.2 | 137.2 | 101.5 | 131.1 | 91.6 | 128.2 | 92.3 | 126.4 | 90.8 |
| Gross profit | 43.0 | 29.2 | 43.8 | 33.8 | 30.2 | 25.2 | 39.8 | 32.6 | 40.3 | 27.0 | 34.1 | 25.6 |
| Gross margin | 24.5% | 23.1% | 23.6% | 25.1% | 18.0% | 19.9% | 23.3% | 26.2% | 23.9% | 22.7% | 21.3% | 22.0% |
| Regional overhead cost | 15.4 | 15.0 | 14.4 | 13.8 | 12.8 | 12.3 | 14.4 | 13.2 | 17.0 | 15.1 | 8.1 | 6.0 |
| Regional operating profit | 27.6 | 14.2 | 29.4 | 20.0 | 17.4 | 13.0 | 25.4 | 19.4 | 23.2 | 11.9 | 26.0 | 19.6 |
| Regional operating profit margin | 15.7% | 11.2% | 15.9% | 14.8% | 10.4% | 10.3% | 14.9% | 15.6% | 13.8% | 10.0% | 16.2% | 16.8% |
| Corporate cost | 16.1 | 12.5 | 14.0 | 11.2 | 18.4 | 14.3 | 12.4 | 9.3 | 21.1 | 15.4 | 18.9 | 13.8 |
| Group operating profit before special items | 11.4 | 1,6 | 15,4 | 8,8 | -1,0 | -1,3 | 13,0 | 10,1 | 2,1 | -3,5 | 7,1 | 5,6 |
| Group operating profit margin before special items | 6.5% | 1,3% | 8,3% | 6,5% | -0,6% | -1,0% | 7,6% | 8,1% | 1,3% | -2,9% | 4,4% | 4,8% |
| Region DK, DKKm | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | ||||||
| Restated | Bef. restated | Restated | Bef. restated | Restated | Bef. restated | Restated | Bef. restated | Restated | Bef. restated | Restated | Bef. restated | |
| Revenue | 162.9 | 212.3 | 163,3 | 213,6 | 155.9 | 196.7 | 174.6 | 221.4 | 171.6 | 220.8 | 174.6 | 218.7 |
| Production cost | 119.1 | 154.7 | 124.1 | 164.4 | 112.0 | 147.8 | 144.3 | 183.8 | 135.8 | 171.7 | 136.3 | 171.9 |
| Gross profit | 43.8 | 57.6 | 39.2 | 49.1 | 43.9 | 48.9 | 30.4 | 37.6 | 35.8 | 49.1 | 38.2 | 46.8 |
| Gross margin | 26.9% | 27.1% | 24.0% | 23.0% | 28.2% | 24.8% | 17.4% | 17.0% | 20.9% | 22.2% | 21.9% | 21.4% |
| Regional overhead cost | 9.1 | 9.6 | 11.5 | 12.1 | 10.2 | 10.8 | 8.1 | 9.3 | 13.9 | 15.8 | 11.3 | 13.4 |
| Regional operating profit | 34.6 | 48.0 | 27.7 | 37.1 | 33.7 | 38.1 | 22.3 | 28.3 | 22.0 | 33.3 | 26.9 | 33.4 |
| Regional operating profit margin | 21.3% | 22.6% | 17.0% | 17.4% | 21.6% | 19.4% | 12.7% | 12.8% | 12.8% | 15.1% | 15.4% | 15.3% |
| Corporate cost | 22.3 | 25.9 | 16.2 | 19.1 | 19.8 | 23.9 | 12.2 | 15.3 | 20.3 | 26.0 | 19.2 | 24.3 |
| Group operating profit before special items | 12.3 | 22.1 | 11.5 | 18.0 | 13.9 | 14.2 | 10.0 | 13.0 | 1.7 | 7.3 | 7.7 | 9.2 |
| Group operating profit margin before special items | 7.6% | 10.4% | 7.0% | 8.4% | 8.9% | 7.2% | 5.7% | 5.9% | 1.0% | 3.3% | 4.4% | 4.2% |
Restated of Revenue growth & Organic growth for Region Europe & Region DK
| Region Europe, DKKm | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | 6M 24 | 9M 24 | FY 24 | 6M 25 | |
| Before restatement | |||||||||||
| Revenue growth, % | 12.9% | 13.3% | 1.1% | 14.4% | -5.6% | -13.8% | 12.9% | 8.9% | 10.1% | -9.8% | |
| Organic growth, % | 12.2% | 12.3% | 0.6% | 13.9% | -5.9% | -13.7% | 12.3% | 8.2% | 9.5% | -9.9% | |
| After restatement | |||||||||||
| Revenue growth, % | 13.0% | 11.8% | 2.3% | 10.6% | -4.2% | -13.4% | 12.4% | 9.0% | 9.4% | -8.9% | |
| Organic growth, % | 12.6% | 11.0% | 1.9% | 10.3% | -4.3% | -13.3% | 11.8% | 8.4% | 8.9% | -8.9% | |
| Region Denmark, DKKm | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | 6M 24 | 9M 24 | FY 24 | 6M 25 | |
| Before restatement | |||||||||||
| Revenue growth, % | 29.4% | 28.8% | 0.3% | 7.4% | 4.0% | 2.4% | 29.2% | 18.4% | 15.3% | 3.2% | |
| Organic growth, % | 18.0% | 27.3% | 0.3% | 7.4% | 4.0% | 2.4% | 22.7% | 14.3% | 12.3% | 3.2% | |
| After restatement | |||||||||||
| Revenue growth, % | 35.2% | 37.0% | -1.1% | 8.9% | 5.4% | 6.9% | 36.1% | 21.3% | 17.7% | 6.1% | |
| Organic growth, % | 19.7% | 34.9% | -1.1% | 8.9% | 5.4% | 6.9% | 27.2% | 16.0% | 13.9% | 6.1% |
For more information, please contact:
| Investor Relations | Media Relations | |
| Carsten Ringius EVP & CFO Tel: +45 3077 8888 carr@nnit.com | Thomas Stensbøl Press & Communications Manager Tel: +45 3077 8800 tmts@nnit.com |
ABOUT NNIT
NNIT is a leading provider of IT solutions to life sciences internationally, and to the public and private sectors in Denmark.
We focus on high complexity industries and thrive in environments where regulatory demands and complexity are high.
We advise on and build sustainable digital solutions that work for the patients, citizens, employees, end users or customers.
We strive to build unmatched excellence in the industries we serve, and we use our domain expertise to represent a business first approach – strongly supported by a selection of partner technologies but always driven by business needs rather than technology.
NNIT consists of group company NNIT A/S and the subsidiary SCALES. Together, these companies employ around 1,600 people in Europe, Asia and the USA.
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