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NNIT A/S: New financial reporting structure

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NNIT A/S
NNIT A/S

At the end of 2021, with reporting effect from January 1, 2022, NNIT completed a major organizational change to create three distinct business units:

  • Life Sciences Solutions (LSS)

  • Cloud & Digital Solutions (CDS)

  • Hybrid Cloud Solutions (HCS)


The new organizational structure serves to accommodate the diverse characteristics in our customer base, which requires a tailored approach in each market segment, and the need to speed up business development further in close alignment with our customers’ needs. Please see further details on the strategic rationale in the 2021 Annual Report on pages 22-25.

From the publication of the Q1 2022 interim report, NNIT’s external reporting structure has been revised to ensure alignment with the new organizational structure and consistency with internal management reporting. Comparative figures have been restated and are presented in this announcement to reflect the new reporting structure. Implementation of the new business units is still ongoing with regards to shared production costs (e.g. buildings, legal and other overhead costs) as well as split of sales, marketing and administrative costs. These items are presented at Group level below.

Life Sciences Solutions
The business unit develops and delivers the best digital solutions to support the entire life sciences value chain. LSS services are mainly characterized by projects, which are only partly recurring on customer level with some services being replicable. There is some seasonality related to holiday seasons etc. The business unit includes revenue from the former Life Sciences customer segment and a minor contribution from public customers.

Cloud & Digital Solutions
The business unit develops and delivers the best digital solutions, enabling business-critical applications in the cloud and taking full advantage of the growing Microsoft ecosystem. CDS services are mainly characterized by projects, which are only partly recurring on customer level with some services being replicable. There is some seasonality related to holiday seasons etc. The business unit includes revenue from all former customer segments except Life Sciences.

Hybrid Cloud Solutions
The business unit develops and delivers the best infrastructure and hybrid cloud solutions to enable digital transformation to our customers. HCS services mainly comprise Service Level Agreements, which are recurring in nature with limited seasonality. The business unit includes revenue from all former customer segments with Novo Nordisk being the largest single customer.

The Q1 2022 interim report will be published on 6 May, 2022.

Overview – Group and restated business unit financial figures

2021

NNIT

Q1

Q2

Q3

Q4

Total

NNIT Group

Revenue

731

710

699

738

2,878

BU Production costs

596

599

608

620

2,422

BU gross profit

135

111

91

119

455

BU gross profit margin

18%

16%

13%

16%

16%

Production cost indirect

35

25

17

32

110

Gross profit

100

86

74

86

345

Gross profit margin

13.6%

12.1%

10.5%

11.7%

12.0%

Sales and marketing costs

30

31

29

32

122

Administrative expenses

21

20

22

18

80

Operating profit bf. special items

48

35

23

37

143

OPM bf. special items

6.6%

5.0%

3.2%

5.0%

5.0%

LSS

Revenue

167

166

191

199

723

BU Production costs

125

132

158

159

574

BU gross profit

42

34

33

41

149

BU gross profit margin

25%

20%

17%

20%

21%

CDS

Revenue

211

213

199

226

848

BU Production costs

175

179

176

178

708

BU gross profit

36

34

23

48

140

BU gross profit margin

17%

16%

11%

21%

17%

HCS

Revenue

353

331

309

314

1,306

BU Production costs

296

288

274

283

1,140

BU gross profit

57

43

35

30

166

BU gross profit margin

16%

13%

11%

10%

13%

Customer segments / new BUs

HCS

LSS

CDS

Total

Life Sciences (excl. NNG)

195

632

139

966

-Life Sciences (Int.)

55

601

54

709

-Life Sciences (DK)

140

31

85

257

Novo Nordisk Group

427

89

91

606

Enterprise

328

0

411

739

Public

121

3

177

300

Finance

236

0

31

267

Total revenue

1,306

723

848

2,878


Contact for further information

Pernille Fabricius
EVP & CFO
Tel: +45 3077 9500

Media relations:
Tina Joanne Hindsbo
Media Relations Manager
Tel: +45 3077 9578
tnjh@nnit.com


The NNIT Group provides a wide range of IT and consulting services internationally.

In Denmark, where the Group HQ is based, we are one of the leading IT companies, servicing both private and public sector customers across all industries. In the rest of Europe, Asia and USA, we are solely focused on companies within life sciences.

Supporting the entire supply chain, we help optimize internal company processes, production, sales and customer experiences:

We advise, build, operate and support, enabling digital transformation and customers to reap the full potential of their organizations. Our role is to foster innovation and make the mark our customers and we aspire to.

The NNIT Group consists of group company NNIT A/S and subsidiaries Valiance, SCALES Excellis Health Solutions, SL Controls, and prime4services. Read more at www.nnit.com.

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