Positive profit warning: F-Secure improves its revenue outlook 2021 for corporate security products
December 09 2021 - 10:30AM
Positive profit warning: F-Secure improves its revenue outlook 2021
for corporate security products
F-Secure Corporation, Stock Exchange Release, 9 December 2021,
at 17.30 EET
Positive profit warning: F-Secure improves its revenue
outlook 2021 for corporate security products
F-Secure improves its revenue outlook 2021 for corporate
security products.
- Revenue from corporate security products is expected to grow by
more than 10 percent.
Rest of the outlook for 2021 remains unchanged:
- Revenue from cyber security consulting is expected to grow but
uncertainty remains due to the COVID-19 pandemic.
- Revenue from consumer security is expected to grow
approximately at the same rate as in 2020.
- Adjusted EBITDA is expected to remain approximately at the
previous year's level (EUR 35.7 million).
For reference, in February 2021 F-Secure issued the following
outlook for 2021:
- Revenue from corporate security products is expected to grow at
a high single-digit rate.
- Revenue from cyber security consulting is expected to grow but
uncertainty remains due to the COVID-19 pandemic.
- Revenue from consumer security is expected to grow
approximately at the same rate as in 2020.
- Adjusted EBITDA is expected to remain approximately at the
previous year's level (EUR 35.7 million).
The COVID-19 pandemic continues to impact the predictability of
cyber security consulting and can also impact the new sales of
software solutions.
F-Secure’s financial targets published on 31 August 2021 remain
unchanged.
Contact information:
Tom Jansson, CFO, F-Secure Corporation
investor-relations@f-secure.com
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