NNIT A/S Reports Earnings Results for the Year 2016; Provides Revenue Guidance for the Year 2017
For 2017, revenue is forecasted to grow 1%-5% in constant currencies. The revenue growth outlook is below NNIT's long-term target of at least 5% due to a decline in the backlog from the Novo Nordisk Group; Operating profit margin is forecasted to be around 10% in constant currencies. The expected level of investments in 2017 is 12%-14% of total revenue as the majority of investment related to an additional data center will impact 2017.