Nixu as an investment

Petri Kairinen, Nixu CEO on February 28, 2019

The financial year 2018 was once again a year of rapid growth (+24%) for Nixu and our operations progressed well in line with our strategy. 

Reflecting the company’s mission, “we keep the digital society running", the Nixu growth strategy will focus particularly on cybersecurity services for digital business transformation. Developing and delivering cybersecurity services that enable clients to utilize the opportunities provided by the Industrial Internet of Things and digital identities will be a key priority for Nixu.

The key effects supporting the growth in cybersecurity markets are: digitalisation of the society, growth of cloud services and wireless connections, increase in cyber criminality and development of legislation.

In FY2018, Nixu Group’s revenue stood at EUR 40,127 (32,279) thousand. Compared to the same review period during the previous year, revenue increased by 24%. The most significant factor contributing to the Group’s increased revenue was the strong organic growth of 17%. In addition, the growth of the first six months of the year was supported by the preceding corporate acquisitions.

Nixu will strive to continue its growth faster than its market while maintaining profitability.

The Board of Directors of Nixu has adopted a profit distribution policy on September 25, 2014.

On August 28, 2019, Nixu announced its financial ambition for the next five years, 2020 to 2024.