Nixu Corporation Stock Exchange Release,
Macroeconomic situation continues to impact growth
July-
- Revenue
EUR 13.1 million (Q3/2022:EUR 14.4 million ); change -9% -
EBIT
EUR -805 thousand (Q3/2022:EUR 642 thousand ) -
Adjusted EBIT
EUR -548 thousand (Q3/2022:EUR 642 thousand )
January-
- Revenue
EUR 45.0 million (Q3/2022:EUR 43.0 million ); growth 5% -
EBIT
EUR -1,888 thousand (Q3/2022:EUR 88 thousand ) -
Adjusted EBIT
EUR 159 thousand (Q3/2022:EUR 63 thousand )
Financial guidance for 2023:
Nixu estimates its revenue to be
CEO
The third quarter of 2023 shows a continued challenge in the business environment, mainly driven by the macroeconomic situation. Nixu clients are postponing investments in the cybersecurity area, impacting both growth and order intake for the group. In the third quarter, we saw a decline in revenue by 9% to
For comparability reasons, it is worth noting that in Q3 2022, we announced a large one-time order with a value of
The weak business situation is also reflected in the orders booked, which stand at
From a year-to-date perspective, Nixu is showing growth in both revenue and profitability. Year-to-date revenue is
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, very much driven by increased activity on the cyber threat side and geopolitical developments.
Despite the challenging macroeconomic situation, we see a positive market development year-to-date. The market maturity for outsourcing cybersecurity services is increasing. More cybersecurity regulation and increasing cyber threats are factors for our clients to increase their cybersecurity posture and investments.
In
Finally, I would like to take the opportunity to thank all Nixu employees, our clients, and investors for their continued trust.
Further information:
Chief Executive Officer
telephone +358 9 478 1011, e-mail: teemu.salmi@nixu.com
Distribution:
Principal media
www.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
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