Nixu revises its financial guidance for 2018
Press release, June 20, 2018 at 9:15 AM EEST
Cybersecurity company Nixu announced its revised financial guidance with a company release today on Wednesday, June 20, 2018. The company’s growth strategy is at a stage where the company sees it reasonable to seek strong growth from the fast developing cybersecurity market. Nixu’s medium-term goal is to achieve an annual revenue growth rate of above 15 percent and an EBITDA margin of above 10 percent. At the moment, the company invests significantly in several different development, sales and internationalization projects to implement its growth strategy.
New guidance: Supported by strong organic growth and acquisitions, Nixu estimates its revenue to grow circa 25% in financial year 2018. Due to the strong growth investments and non-recurring costs related to the preparations of stock exchange list transfer in particular in the first half, EBITDA is expected to remain low but slightly positive.
Previous guidance: Nixu will strive to continue its growth faster than its market while maintaining profitability. The medium-term goal is to achieve an annual revenue growth rate of above 15 percent and an EBITDA margin of above 10 percent. In accounting period 2018, Nixu is aiming to grow recognizably faster than its medium -term target, supported by acquisitions and strong organic growth. Nixu will also continue to invest in growth during the financial period and as a result EBITDA is expected to f all below the medium -term goal.
CEO Petri Kairinen, Nixu Corporation
Telephone: +358 40 832 1832, e-mail: email@example.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.