Netcompany Group A/S Q1 2023 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Yiwei Zhou - SEB, Research Division - Analyst : I have also 3 questions. I'll do one at a time. Firstly, could you maybe comment a bit on the revenue visibility trend here? I mean normally you compare to the revenue visibility a year ago. And I realize the trend has sort of decelerated a little bit. It was a 9.3% growth -- indicating 9.3% growth at the beginning of the year. And now it [decelerated to 8.8%] at the end of Q1. Is -- can I understand this as sort of a softer order intake during H1? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. MAY 04, 2023 / 9:00AM, NETCG.CO - Q1 2023 Netcompany Group A/S Earnings Call And if it is -- if I understand correctly, is it mainly driven by the Danish public -- private segment? Or do we see -- or do you see a sort of soft contract wins or intake in some other areas?

Question: Yiwei Zhou - SEB, Research Division - Analyst : Okay. And then it comes to my next question. When do you expect the private -- Danish private segment to pick up again? Can you maybe comment a bit about the trend that will get going into this quarter, in the second quarter?

Question: Yiwei Zhou - SEB, Research Division - Analyst : And I also want to follow up on other's question on the FTE, especially in Denmark. The FTE growth was 13% in Q1 and were about revenue growth. And maybe I just want to challenge a little bit, if I'm allowed. If the activity doesn't pick up in the coming quarters, and how quickly can you adjust your Danish resource to match the demand? I mean we normally see a sort of big margin impact for the IT service business if the resource cannot make the demand right.