Netcompany Group (NETC) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with thanks to shareholders and introduction of board and executive management representatives.

• Legal and procedural compliance confirmed, with 62.25% of voting share capital represented and quorum established.

• Agenda followed Articles of Association, with initial items grouped for efficiency.

Financial performance review

• Revenue grew by 7.6% in reported currencies and 7.4% in constant currencies, in line with guidance.

• Gross profit increased by 11.9%, with a margin of 29.1%; net profit after tax rose 53.8% to DKK 467.5 million.

• Adjusted EBITDA margin improved to 16.8% (reported) and 16.9% (constant), with best-ever free cash flow of DKK 821 million.

• Share price increased by over 50% in 2024; DKK 800 million share buybacks initiated.

• 2025 outlook: revenue growth expected between 5% and 10%, adjusted EBITDA margin between 16% and 19%.

Board and executive committee updates

• New leadership team established to support growth as an integrated European IT service company.

• Annual board evaluation conducted with external advisors, confirming effective and diverse board functioning.

• All incumbent board members stood for and were re-elected for a one-year term.