Preliminary information on revenue growth in 2017

Nixu Corporation
Press release, January 18, 2018 at 9:45 AM EET

Preliminary information on revenue growth in 2017

Cybersecurity company Nixu announced with a company release on Friday January 12, 2018, that the corporation will raise its revenue forecast for 2017 (in accordance with FAS accounting) due to the continued strong sales growth and especially the license sales at the end of the year.

New guidance: Nixu will strive to continue its growth faster than its market while maintaining profitability. Our medium-term goal is to achieve an annual revenue growth rate of above 15 percent and an EBITDA margin of above 10 percent. Due to the strong organic growth and the acquisitions carried out in 2016 and 2017, we expect our revenue to grow circa 50% from the 2016 level (EUR 21.6 million). We will continue to invest in growth during the financial period.

Previous guidance: Nixu will strive to continue its growth faster than its market while maintaining profitability. Our medium-term goal is to achieve an annual revenue growth rate of above 15 percent and an EBITDA margin of above 10 percent. Due to the strong organic growth and the acquisitions carried out in 2016 and 2017, we expect our revenue to grow circa 40% from the 2016 level (EUR 21.6 million). We will continue to invest in growth during the financial period.

Nixu Corporation releases its revenue information for 2017 in accordance with IFRS on January 31, 2018 and the comparative IFRS data for 2016, H1/2016 and H1/2017 prior to the publishing of the revenue information. The actual financial statements release for 2017 will be released on Thursday, March 8, 2018.

Further information:
CEO Petri Kairinen, Nixu Corporation
Telephone: +358 40 832 1832, e-mail: petri.kairinen@nixu.com

Distribution:
main media
www.nixu.com

Nixu in brief:
Nixu is a cybersecurity services company on a mission to keep the digital society running. Our passion is to help organizations embrace digitalization securely. Partnering with our clients we provide practical solutions for ensuring business continuity, an easy access to digital services and data protection. We aim to provide the best workplace to our team of over 300 cybersecurity professionals with a hands-on attitude. With Nordic roots, but based in four continents, we serve enterprise clients worldwide. Nixu Corporation is listed on the Nasdaq First North stock market.
www.nixu.com