Nixu as an investment

Petri Kairinen, Nixu CEO on February 13, 2020:

The challenging end of the year will not change our growth ambition.

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 FY2019, Nixu Group’s revenue stood at EUR 51,168 (40,127) thousand. Compared to the same period in the previous year, revenue increased by 27.5%. The factors contributing to the Group’s revenue growth were the organic growth of 12% and acquisitions.

The uncertainty caused by the COVID-19 pandemic continues in the market. However, the company estimates that its revenue will grow and EBITDA will improve from the previous year. In financial year 2019 revenue was EUR 51.2 million and EBITDA EUR 1.0 million.

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

In August 2019, the company announced its growth ambition for years 2020 to 2024. It does not, however, replace the company’s financial guidance on an annual basis but illustrates the ambition set by the company’s management and Board of Directors.