Brief: Orange And Cyan AG Agree On Global Group Contract For Cyber Security Solutions

Cyan AG

21/12/2018 12:02

Dec 21 (Reuters) - Cyan AG  CYR.DE :
    * DGAP-ADHOC: ORANGE AND CYAN AG AGREE ON GLOBAL GROUP CONTRACT FOR CYBER SECURITY SOLUTIONS
FOR
UP TO 28 COUNTRIES, REACHING MORE THAN 260 MILLION POTENTIAL CUSTOMERS
    * SEES LICENSE AGREEMENT TO HAVE A SIGNIFICANT IMPACT ON REVENUES AND EARNINGS STARTING IN
SECOND
HALF OF 2019
    * IN 2021 ANTICIPATES TO TRIPLE ANNUAL REVENUES OF 2018 TO AT LEAST EUR 60M IN 2021
    * EBITDA IS SUPPOSED TO INCREASE EVEN FASTER DUE TO ECONOMIES OF SCALE
    * IT IS PLANNED THAT ROLL-OUT FOR EUROPE, AND SUBSEQUENTLY FOR AFRICA, WILL START IN FIRST
HALF OF
2019

Source text for Eikon:  ID:nEQbj6nmpa 
Further company coverage:  CYR.DE 

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