Netcompany sees growth in Norway and Netherlands

Netcompany, an IT company, faced challenges in Denmark but reported growth in the third quarter. The company’s revenue increased by 10.4% year-on-year to 1.6 billion DKK. The profit after taxes rose by more than 70%, reaching 139.1 million DKK. Netcompany, known for creating networks like Aula and platforms Mit.dk and Sundhed.dk in Denmark, experienced rapid growth in Norway and the Netherlands, with revenue up by 25% and nearly 30%, respectively. The acquisition of Intrasoft in 2021 also contributed to this growth, with a revenue increase of 10.2%. Additionally, Netcompany announced a new share buyback program of 250 million DKK to redistribute profits to shareholders, potentially increasing its share price.