NNIT A/S: 7/2016 NNIT enters into significant agreement with Danske Bank on delivery of data center capacity and revises guidance on 2016 investment level

NNIT A/S ("NNIT"), a leading provider of IT services and consultancy announces that today it has entered into a ten-year agreement, with the option of extension, with Danske Bank on delivery of Tier III data center capacity at two different locations, one being NNIT's existing data center and the other being a data center with one of NNIT's subvendors. The agreement will become effective from Q1 2017 and represents a medium-size three-digit DKK million amount.
In consequence of the agreement with Danske Bank, NNIT has decided to expand its data center capacity by building an additional data center. For this purpose NNIT has bought a plot in Ejby. The new data center is expected to be ready for use in Q1 2018.

The building of the data center, including the acquisition of the plot, will lead to an investment of around DKK 250 million over the period 2016-2018. The expected and announced level of re-investments and new client investments in 2016 is thus revised from 5-6% to 7-8%, including the new data center.

The agreement increases NNIT's backlog for 2017 and 2018, but does not change NNIT's guidance for 2016 or the long-term targets.

Investor contacts:
Jesper Wagener, Head of Investor Relations: +45 3075 5392, jvwa@nnit.com

Media contacts:
Rikke Dalager, Head of Communications: +45 3077 8080, rida@nnit.com

About NNIT
NNIT A/S is one of Denmark's leading IT service providers and consultancies. NNIT A/S offers a wide range of IT services and solutions to its customers, primarily in the life sciences sector in Denmark and internationally and to customers in the public, enterprise and finance sectors in Denmark. As of December 31, 2015, NNIT A/S had 2,538 employees.

For more information please visit www.nnit.com .

NNIT enters into significant agreement with Danske Bank

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Source: NNIT A/S via GlobeNewswire