Curated News
By: NewsRamp Editorial Staff
March 27, 2024
Netcompany Joins OTCQX, Eyes Expansion of US Investor Base
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- Netcompany's listing on OTCQX offers US investors easier access to its strong performance and growth potential.
- Netcompany is now trading on the OTCQX Best Market under the ticker 'NTCYF', aiming to broaden its shareholder base in the US.
- Netcompany's expansion aims to enhance visibility and facilitate investment by US investors, contributing to economic growth and job opportunities.
- Netcompany, a Pan-European IT services firm, joins OTCQX, expecting revenue growth of 7-10% and an EBITA margin of 15-18% for 2024.
Impact - Why it Matters
The expansion of Netcompany's shareholder base in the US through listing on the OTCQX Best Market signifies the company's commitment to growth and visibility in the international market. The strong performance and optimistic projections for 2024 indicate potential opportunities for US investors looking to diversify their portfolios with a European IT services firm with a track record of robust growth and high margins.
Summary
Netcompany chief financial officer Thomas Johansen shared details about the company's listing on the OTCQX Best Market under the ticker 'NTCYF.' The move aims to broaden the company's shareholder base in the US, where approximately 10% of its shares are currently held. Netcompany reported strong performance in Q4 2023, with double-digit growth driven by international operations. Looking ahead to 2024, the company projects revenue growth of 7-10% and an EBITA margin of 15-18%, expecting broad-based growth across several European countries.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Netcompany Joins OTCQX, Eyes Expansion of US Investor Base
