Transition to IFRS reporting

Nixu Corporation
Press release, January 29, 2018 at 15:40 EET

Cybersecurity company Nixu follows its growth strategy that includes acquisitions. As part of this growth strategy, Nixu has announced its intention to transit to the Nasdaq Helsinki Stock Exchange list in order to increase its visibility and liquidity of the share as well as possibilities for funding the growth.

Nixu published a company release on December 15, 2017 that it will prepare and publish its consolidated financial statements and financial statements release for the year ended December 31, 2017 in accordance with the International Financial Reporting Standards (IFRS) related to the transition to the stock exchange list. Previously Nixu has prepared its published financial statements for the year ended December 31, 2016 and the half-year report for the six months ended June 30, 2017 in accordance with Finnish Accounting Standards (FAS).

Nixu has prepared the unaudited IFRS financial information to provide its investors comparative information on Nixu Group’s previously published consolidated statement of comprehensive income, consolidated statement of financial position and key figures for the year ended December 31, 2016, the six month period ended June 30, 2016, December 31, 2016 and  June 30, 2017 as well as consolidated statement of financial position as at the transition date to IFRS January 1, 2016. This information is available on Nixu Corporation’s website at www.nixu.com/release/ifrs-reporting

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