NNIT A/S (CPSE:NNIT) is looking for M&A opportunities. Carsten Ringius, Chief Financial Officer said, "we will continue to invest in our business, and we want to pursue potential M&A opportunities looking into the next year. This also means that it's currently not a priority short term to do dividends or do share buybacks.

So we are, in the short term, investing in growth. When we take up the pursuit for new acquisitions, our primary focus will be within Europe and the U.S. and the target size that we are looking at here is somewhere between DKK 100 million and DKK 300 million. And I can just add to that, that we will be very disciplined in that approach.

We will target local market presence or scalability in the production or in the solution area that we have or do acquisitions to get very specific customer access and expand on that further".