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4-Traders Homepage  >  Equities  >  NASDAQ OMX COPENHAGEN  >  Nets    NETS   DK0060745370

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Nets A/S: Nets hires Thomas Jul as new head of Financial & Network Services

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09/27/2017 | 11:01am CET
Company announcement
No. 27/2017

Nets hires Thomas Jul as new head of Financial & Network Services
Nets has hired Thomas Jul as Group Executive Vice President for Financial & Network Services replacing Susanne Brønnum, who will take on the position as CEO of a new independent innovation company called Smart Payments.

Thomas Jul comes from a position as President and CEO of Ericsson in Indonesia and has prior hereto, among other things, worked as the Vice President of Ericsson in Central Europe and held a range of executive positions with Nokia, serving customers such as Deutsche Telekom, Singtel and Telenor across the globe.

"I am pleased to welcome Thomas to Nets. With more than 20 years of experience from the global telecom industry, he brings new capabilities and insights to Nets. Moreover, Thomas is a strong leader and relation-builder with a customer-centric mindset, who I look forward to welcoming to Nets", says Bo Nilsson, CEO of Nets.

Nets establishes a new independent innovation company, Smart Payments
Susanne Brønnum will take on a newly established position as Chief Executive Officer of Smart Payments, which will be a new, independent and fully Nets-owned innovation company.

"I am thrilled that Susanne has accepted to take on the position as CEO of Smart Payments. Since we launched our Digital Lab just one year ago, a range of innovative ideas have emerged into new mobile apps, digital payment services and fintech partnerships. The establishment of Smart Payments is an important milestone in our efforts to take our innovation and business development to the next level", says Bo Nilsson.

Thomas Jul will replace Susanne Brønnum as member of Nets' Executive Committee and as Country Manager in Denmark. The changes will take effect as of 1 October. 

For further information, please contact:

For media enquiries:
Søren Winge, Head of Press Relations at + 45 29 48 26 46 or [email protected]

For investor enquiries:
Lars Oestmoe, Head of M&A and IR at +47 91 34 71 77 or [email protected]

Information on Nets
Nets is a leading provider of digital payment services and related technology solutions across the Nordic region. Nets sits at the centre of the digital payments ecosystem and operates a deeply entrenched network, which connects merchants, corporate customers, financial institutions and consumers enabling them to make and receive payments as well as, increasingly, utilise value-added services to help them improve their respective activities.

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Nets A/S via Globenewswire

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Financials ( DKK)
Sales 2017 7 791 M
EBIT 2017 2 364 M
Net income 2017 1 051 M
Debt 2017 6 693 M
Yield 2017 0,71%
P/E ratio 2017 32,37
P/E ratio 2018 25,47
EV / Sales 2017 5,06x
EV / Sales 2018 4,65x
Capitalization 32 747 M
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Nets Technical Analysis Chart | NETS | DK0060745370 | 4-Traders
Technical analysis trends NETS
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Income Statement Evolution
Mean consensus HOLD
Number of Analysts 10
Average target price 150  DKK
Spread / Average Target -8,0%
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