While Netcompany does not announce its orders, some of them can be
tracked via different databases and media. During the last couple of days,
the company has won at least three orders totalling more than DKK ~350m
(we estimate). As the contracts are multi-year, the revenue impact will be
seen in the coming years. Two of the contracts are new, and one is a
renewal of an existing contract. All three contracts are in Denmark, two are
with public customers and one is in the private sector. We maintain our
combined DCF- and peer group-based valuation range of DKK 450-525 per
share and leave our estimates unchanged.
Generalt om Commissioned Research: Bemærk, at man bør se bort fra eventuelle kursestimater i såkaldt commissioned research, og den underliggende analyse skal også tolkes med forsigtighed, da negative aspekter ikke nødvendigvis fremhæves.