Netcompany lifts 2026 outlook after Q2 results

Danish IT services provider Netcompany Group A/S raised its full-year revenue outlook for 2026 on Tuesday, citing stronger-than-anticipated second-quarter performance.

The company, which specializes in digital transformation projects for public and private sectors, now expects 2026 revenue of at least 3.2 billion Danish kroner ($468 million), up from its prior guidance of 3.0 billion kroner. Netcompany reported second-quarter revenue of 780 million kroner, exceeding analyst estimates of 750 million kroner.

Netcompany’s adjusted EBITDA margin for the quarter reached 16.5%, compared with 15.2% in the same period last year, reflecting improved operational efficiency. The company attributed the outperformance to robust demand in its Nordic and European markets, as well as successful execution on large-scale public sector contracts.

Analysts at Danske Bank maintained a "buy" rating on Netcompany shares, citing the upgraded guidance as a validation of the company’s growth trajectory. The stock has gained approximately 12% year-to-date, outperforming the broader Nordic IT services sector.

Netcompany’s management highlighted ongoing investments in AI-driven solutions and cloud migration services as key drivers of future growth. The company also reaffirmed its commitment to returning capital to shareholders via dividends and share buybacks, though no specific payout details were provided for 2026.

The upgraded outlook comes amid a broader trend of increased IT spending by governments and enterprises across Europe, as organizations accelerate digitalization initiatives to improve efficiency and compliance.