Brief: F-Secure Lowers 2023 Revenue And Adjusted EBITA Outlook

F-Secure Oyj

11/09/2023 07:25

Sept 11 (Reuters) - F-Secure  FSECURE.HE :
    * SAID ON FRIDAY F-SECURE LOWERS FULL YEAR 2023 REVENUE AND
ADJUSTED EBITA OUTLOOK
    * ESTIMATES THAT REVENUE FOR 2023 WILL BE IN THE RANGE OF
EUR
128–132 MILLION
    * 2023 ADJUSTED EBITA IS EXPECTED TO BE IN THE RANGE OF EUR
41–45
MILLION
    * PROFIT WARNING DUE TO WEAKER THAN EXPECTED BUSINESS
PERFORMANCE
DURING THE THIRD QUARTER
    * SLOWER THAN ANTICIPATED CONVERSION TO ENHANCED F-SECURE
TOTAL
OFFERING AS WELL AS SOME DELAYS IN DELIVERIES IN PARTNER
BUSINESS HAVE HAD A NEGATIVE IMPACT ON THE REVENUE DEVELOPMENT
IN THE SECOND HALF OF 2023
    * ADJUSTED EBITA MARGIN IS ESTIMATED TO TEMPORARILY DECREASE
IN
2023 DUE TO ACQUISITION RELATED ADDITIONAL OPEX INVESTMENTS OF
ABOUT EUR 3 MILLION 
    * LOWER-THAN-ESTIMATED ADJUSTED EBITA IS A RESULT OF THE
WEAK
REVENUE DEVELOPMENT

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFN97L1Mr
 Further company coverage:  FSECURE.HE  

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