Stock Exchange Release on
Growth despite the challenging macroeconomic situation
Highlights for January-
DNV AS completed the tender offer for all shares and stock options.
Revenue:
EUR 31,918 thousand (28,580), change 12%.EBITDA:
EUR -177 thousand (377), share of revenue: -1% (1%).Adjusted EBITDA:
EUR 1,614 thousand (352), share of revenue: 5% (1%).EBIT:
EUR -1,084 thousand (-553), share of revenue: -3% (-2%).Adjusted EBIT:
EUR 707 thousand (-578), share of revenue: 2% (-2%).The company extended the maturity of its financing.
EUR thousand | 1 Jan- | 1 Jan- | 1 Jan- |
Revenue | 31,918 | 28,580 | 60,222 |
Profit/loss for the period | -1,058 | -757 | 42 |
Earnings per share (EUR) | ´-0.14 | `-0.10 | 0.01 |
EBITDA | -177 | 377 | 2,409 |
EBITDA, % of net sales | ´-0.6% | 1.3% | 4.0% |
Adjusted EBITDA1 | 1,614 | 352 | 2,480 |
Adjusted EBITDA, % of net sales1 | 5.1% | 1.2% | 4.1% |
EBIT | -1,084 | -553 | 564 |
EBIT, % of net sales | ´-3.4% | ´-1.9% | 0.9% |
Adjusted EBIT1 | 707 | -578 | 634 |
Adjusted EBIT %1 | 2.2% | ´-2.0% | 1.1% |
1 Adjustment items are material items outside the ordinary course of business, | |||
which are costs/income related for example to reorganization and business combinations. | |||
January- | |||
EUR thousand | |||
Equity ratio, % | 28.0% | 30.6% | 30.6% |
Net interest-bearing debt | 3,038 | 3,879 | 3,199 |
Net gearing, % | 26.1% | 32.4% | 25.2% |
The first half of 2023 shows continued profitable growth for Nixu despite a very challenging and tough macroeconomic environment. Revenue grew 12% for the group, amounting to
The challenging macroeconomic situation is portrayed by longer decision times by our clients, increasing uncertainty for Nixu. This was mentioned already when reporting our Q1 result this year. Despite this fact, our orders in Q2 ended up on par year-over-year, i.e.,
Looking at the different business segments and the mix of sales during 1H we see that all segments are growing year-over-year:
Nixu Certification growing by 39%.
Managed Services growing by 37%.
Professional Services growing by 4%.
Identity and Access Management growing by 1%.
Managed Services and recurring revenue streams are growing steadily as a proportion of the total revenue, which is one of the cornerstones of the Next Nixu strategy launched earlier this year.
The underlying development and need for cybersecurity services are there. The Nixu sales is developing favorably, apart from
From a market perspective
During the first half DNV announced a public tender offer process to acquire all outstanding shares and stock options in Nixu. At the end of June the result was that 98.3 percent of all outstanding shares and stock options were acquired and hence a de-listing process of Nixu from the
Nixu is well positioned to continue the execution of the Next Nixu strategy and I would like to take the opportunity to thank all Nixu employees, our clients, and investors for their continued trust.
Financial Guidance for 2023
Nixu estimates its revenue to be
Webcast
Analysts, investors and the media will be offered the opportunity to listen to a short summary about the result and ask questions by participating in an English-language webcast to be held on Thursday,
CEO
teemu.salmi@nixu.com
Nixu in brief:
Nixu is a cybersecurity services company that has been shaping the future through cybersecurity for over three decades. We make cyberspace a secure place and help our clients ensure business resilience with peace of mind. Nixu has Nordic roots, and we employ around 400 of the best professionals in
www.nixu.com
https://news.cision.com/nixu-oyj/r/nixu-corporation-half-year-financial-report-for-january-1---june-30--2023,c3815432
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