Brief: Nixu Gives Q3 Update

Nixu Oyj

13/10/2020 06:37

Oct 13 (Reuters) - Nixu Oyj  NIXU.HE :
    * NIXU CORPORATION: CEO'S REVIEW FOR Q3 2020
    * UNAUDITED REVENUE FOR JULY-SEPTEMBER 2020 INCREASED ORGANICALLY BY 3.6% AND AMOUNTED TO
EUR 11.1
MILLION
    * Q3 EBITDA AMOUNTED TO EUR 1,016 THOUSAND (Q3/2019: EUR -599 THOUSAND).
    * ESTIMATES THAT ITS REVENUE WILL GROW AND EBITDA WILL IMPROVE FROM PREVIOUS YEAR
    * SEES COVID-19 PANDEMIC AS AN ACCELERATOR FOR STRONG DIGITALIZATION OF SOCIETY
    * IN FINANCIAL YEAR 2019 REVENUE WAS EUR 51.2 MILLION AND EBITDA EUR 1.0 MILLION.
    * MANY COMPANIES HAVE REMOVED OBSTACLES IN PATH OF DIGITALIZATION, AND THERE SEEMS TO BE NO
RETURN
TO FORMER STATUS QUO
    * FOR TIME BEING, HOWEVER, WE WILL CONTINUE TO FOCUS ON PROFITABILITY BEFORE STRONG GROWTH
    * BELIEVE THERE IS EVEN STRONGER DEMAND FOR CYBERSECURITY SERVICES AND ARE VERY CONFIDENT
ABOUT
LONGER TERM DEMAND OUTLOOK FOR CYBERSECURITY

Source text for Eikon:  ID:nWkr9T2Fd4 
Further company coverage:  NIXU.HE 

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