Netcompany's Q3 2024 Interim Report: A Beacon of Stability in Tech

Netcompany, a leading European IT services provider, recently released its interim report for the nine months ended 30 September 2024. The report highlights the company's strong financial performance, steady growth, and commitment to shareholder value. This article delves into the key aspects of Netcompany's Q3 2024 interim report and explores its implications for investors.

Netcompany's revenue growth in Q3 2024 was robust, with a 10.4% increase compared to the same period last year. This growth was driven by a recovery in the Danish part of the Group, as well as strong performances in Netcompany-Intrasoft, Norway, and the Netherlands. The company's adjusted EBITDA margin improved significantly, rising from 15% in Q3 2023 to 19% in Q3 2024. This margin improvement, coupled with a 10.4% revenue growth, indicates a positive trajectory for Netcompany's financial performance.


Netcompany's free cash flow (FCF) also experienced a notable increase, growing by 44.8% year-over-year to DKK 145.3m. This improvement in FCF, along with a cash conversion ratio of 89.5%, demonstrates the company's strong cash flow management and liquidity. Netcompany's share buyback program, totaling DKK 800m for the year, further underscores the company's confidence in its financial performance and commitment to shareholder value.


Netcompany's interim report for the nine months ended 30 September 2024 showcases the company's resilience and growth potential. The company's focus on stable, cash-generating businesses, such as utilities, renewable energy, and REITs, aligns with the author's investment philosophy. Netcompany's strong financial performance, steady growth, and commitment to shareholder value make it an attractive investment option for income-focused investors.

In conclusion, Netcompany's Q3 2024 interim report highlights the company's robust financial performance and growth potential. The company's focus on stable, cash-generating businesses, coupled with its strong financial performance, makes it an attractive investment option for income-focused investors. As the tech industry continues to evolve, Netcompany's commitment to steady growth and shareholder value positions it as a beacon of stability in the sector.