Brief: F-Secure Updates Financial Outlook For 2023

F-Secure Oyj

01/06/2023 12:20

June 1 (Reuters) - F-Secure Oyj  FSECURE.HE :
    * INSIDE INFORMATION, PROFIT WARNING: F-SECURE UPDATES ITS
FINANCIAL OUTLOOK FOR 2023 FOLLOWING THE COMPLETION OF THE
ACQUISITION OF THE MOBILE CONSUMER SECURITY BUSINESS OF LOOKOUT
INC
    * F-SECURE AND LOOKOUT INC. HAVE COMPLETED MOBILE CONSUMER
SECURITY BUSINESS UNIT TRANSACTION
    * UPDATES ITS FINANCIAL OUTLOOK TO INCORPORATE EFFECT OF
ACQUISITION
    * TRANSACTION TO DELIVER AT LEAST EUR 12 MILLION OF REVENUE
SYNERGIES AND INCREMENTAL EBITA LEVEL SYNERGIES OF EUR 10
MILLION PER ANNUM IN 2027
    * GROWTH: IN 2023, F-SECURE EXPECTS REVENUE TO EXCEED EUR
134
MILLION.
    * PROFITABILITY: GROUP'S ADJUSTED EBITA IS EXPECTED TO
EXCEED EUR
45 MILLION
    * ADJUSTED EBITA MARGIN IS ESTIMATED TO TEMPORARILY DECREASE
IN
2023 DUE TO ACQUISITION RELATED ADDITIONAL OPEX INVESTMENTS

Source text for Eikon:  ID:nMFN1VJlcQ 
Further company coverage:  FSECURE.HE 

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