Netcompany joins OTCQX, eyes expansion of US investor base

Published on March 27, 2024 –News Direct–

Netcompany (OTCQX:NTCYF) chief financial officer Thomas Johansen joins Proactive’s Stephen Gunnion with more details about the Pan-European IT services firm as it starts trading on the OTCQX Best Market under the ticker ‘NTCYF.’

Johansen said the company has been listed on the Copenhagen exchange since 2018 and joined the OTCQX to broaden its shareholder base in the US, acknowledging the significance of the IT and technology sector there. Currently, approximately 10% of Netcompany’s shares are held by US investors, with ambitions to increase this further. Trading on OTCQX is anticipated to facilitate easier investment by US investors and enhance the company’s visibility in the US market.

The company reported a challenging yet strong performance for the fourth quarter of December 2023, showcasing double-digit growth and robust cash flow. This growth was predominantly driven by its operations outside Denmark, particularly noting that 45% of its business originates from Denmark, with the international sector experiencing over 20% growth in 2023. Although there was a temporary softness in Denmark’s private sector and public spending in 2023, both sectors are showing signs of rebound in 2024.

For 2024, Netcompany projects revenue growth of 7-10% and an EBITA margin of 15-18%, expecting broad-based growth across Denmark, Norway, the Netherlands, the UK, Benelux, and Greece. This optimism is backed by a 17% increase in revenue visibility at the year’s start and expected tenders within the European Union.

Johansen highlighted Netcompany’s investment appeal through strong organic growth, high margins, significant free cash flow, and a commitment to returning value to shareholders through buyback programs or dividends.

Contact Details Proactive North America

Proactive North America

+1 604-688-8158

[email protected]

View source version on newsdirect.com: https://newsdirect.com/news/netcompany-joins-otcqx-eyes-expansion-of-us-investor-base-988445030

News Direct is a content & news distribution platform purpose-built for the demands of strategic communications today. News Direct provides powerful performance advantages to help PR, Corp Comms and IR professionals excel in their media outreach efforts.

View This Press Release On

netcompany-joins-otcqx-eyes-expansion-of-us-investor-base

Recent Press Releases

Press Release

Press Release

Press Release

Press Release

Press Release

Press Release

Press Release

Press Release

Press Release

Press Release

Press Release

Press Release

Press Release

Press Release

Press Release

Press Release

Press Release

Press Release

Press Release

Press Release

Press Release

Press Release

Press Release

Press Release

Press Release

Press Release

Press Release

Press Release

Press Release

Press Release

Mission Statement

At Hexa PR Wire, our mission is to help businesses of all sizes achieve their marketing goals through high-quality press release distribution services. We believe that every business has a unique story to tell, and we are committed to helping our clients share their message with the world.

We are dedicated to providing exceptional customer service and ensuring that our clients’ press releases are distributed to the right people, at the right time, and in the right way.

Contact

Get immediate support by scanning the QR code below

Sitemap

Resources

Press Release Preparation: What We Need from You

The Power of Press Releases: Why Your Personal Brand or Company Needs Them

Submitting a Press Release with Hexa PR Wire

Guidelines For Publishing Your Press Release on Hexa PR Wire

What are Press Releases Intended For

© 2022 Hexa Web Systems, inc.

Leave a Reply