NNIT (NNIT) Q2 2026 earnings summary

Executive summary

• Q2 2026 revenue was DKK 441.6 million, down 4.5% year-over-year, but profitability remained stable with EBIT (excluding special items) at DKK 21.4 million and a margin of 4.8%, supported by operational improvements and cost savings.

• AI platforms Lumina and Alera were deployed in customer and internal projects, delivering efficiency gains and expanding the project pipeline, especially in public and life sciences segments.

• A comprehensive strategic review led to a transformation program focused on becoming an AI-enabled niche specialist for life sciences and regulated industries.

• Performance aligned with expectations, with improved order entry and ongoing transformation initiatives.

Financial highlights

• Q2 2026 revenue was DKK 441.6 million, a 4.5% year-over-year decline; constant currency revenue growth was -4.4%.

• EBIT (excluding special items) was DKK 21.3 million (margin 4.8%), stable versus last year.

• Special items were DKK 18.5 million, mainly restructuring costs, down from DKK 20.3 million last year.

• Free cash flow improved to DKK 8 million from negative DKK 61 million in Q2 2025, driven by better collections and payment timing.

• Gross margin for Q2 was 23.1%.

Outlook and guidance

• Full-year 2026 outlook maintained: single-digit negative constant currency revenue growth and EBIT margin (excluding special items) of 4%-7%.

• Special items expected below last year's DKK 83 million, with year-to-date at DKK 27 million.

• Improved order entry in late Q2 supports confidence in a better revenue trajectory for H2.

• No M&A activity assumed; outlook depends on stable macroeconomic conditions.