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    EXL   DE000A0LR9G9

EXASOL AG

(EXL)
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PRESS RELEASE : Exasol AG publishes half-year report 2021

09/21/2021 | 02:01am EDT

DGAP-News: EXASOL AG / Key word(s): Half Year Report/Half Year Results Exasol AG publishes half-year report 2021 2021-09-21 / 08:00 The issuer is solely responsible for the content of this announcement.

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Exasol AG publishes half-year report 2021 . Increase in annual recurring revenue (ARR) to EUR 26.5 million as of the end of June 2021 (+27.4%) . Consistent implementation of growth strategy in H1: increase in brand awareness, expansion of workforce,strengthening of sales and marketing functions, new product initiatives . Outlook confirmed, ARR growth of more than 45% forecast for full year 2021 thanks to strong pipeline andhistorically strong expected Q4 uptake Nuremberg, 21 September 2021 - Exasol AG (ISIN DE000A0LR9G9), a global technology company providing a high-performance analytics database, reported solid growth for its key financial indicator, annual recurring revenue (ARR), in the first half of 2021. At the end of the second quarter, ARR amounted to EUR 26.5 million, up 27.4% compared to the first half of 2020 and in line with the preliminary figure published in mid-August. Mainly driven by the increase in recurring revenue, Group revenues were up 29.7% on the same period of the previous year to EUR 13.1 million.

The weaker ARR growth compared to the first quarter of 2021 is due to delays in larger projects. In view of a strong deal pipeline by the end of the year and the generally strong fourth quarter, the Executive Board is confident that the forecast target of more than 45% growth in annual recurring revenue to over EUR 35 million by the end of 2021 will be achieved.

In the first half of 2021, Exasol's EBITDA amounted to EUR -14.6 million (H1 2020: EUR -15.0 million). EBITDA adjusted for one-time effects of expenses for share-based remuneration packages and cost of capital measures amounted to EUR -14.1 million (H1 2020: EUR -1.8 million). The decline in adjusted EBITDA is primarily attributable to the expansion of sales and marketing as well as personnel expenses to accelerate international growth. The operating cash flow adjusted for special items was EUR -11.5 million in the first half of 2021 (H1 2020: EUR -1.7 million). As of 30 June 2021, Exasol had cash and cash equivalents of EUR 46.6 million (31 December 2020: EUR 69.5 million) at its disposal.

"The second quarter was characterized by some project delays and the longer than planned establishment of sales structures in the USA and the UK. This resulted in a lower ARR growth rate than expected. Given that our other strategic initiatives are well underway, we believe, however, that we are well positioned to realize the full potential of our significantly expanded team," said Aaron Auld, Chief Executive Officer of Exasol AG.

The first half of 2021 was moreover characterized by considerable progress in establishing a powerful organization to take advantage of the growth potential offered by the data analytics market. Exasol's team grew by 65 to 288 employees in the first half of 2021. As a result of various initiatives, including the partnership with the German Football Association (DFB), brand awareness has increased significantly. The go-to-market engine has gained significant clout through targeted staff additions and significantly increased efforts in digital marketing.

In the first six months of 2021, Exasol won eleven new customers in the financial services, retail and healthcare sectors from a variety of countries, including the key markets of Germany, the UK and the USA. At the end of the first half of 2021, the company had a total of 202 customers. Exasol also expanded its partner network during the period under review, signing 13 additional partnerships to increase its visibility and global reach.

Exasol's half-year report 2021 is available at ir.exasol.com under Publications.

ENDS Exasol Investor Relations contact Stefanie Winkler Tel: +49 911 2399 114 E-Mail: ir@exasol.com Exasol Press contact Carla Gutierrez, Global Communications Manager Tel: + 44 786 0151691 Email: Carla.Gutierrez@exasol.com About Exasol

Exasol was founded in 2000 with the vision to transform how organizations use data. Today, Exasol's analytics database - the fastest in the world - is trusted by the world's most ambitious organizations. With offices in several locations across the US and Europe, Exasol is committed to delivering flexible, scalable and powerful analytics solutions to customers wherever they are, in the cloud or on-premises.

Exasol - accelerating insights from the world's data.

Learn more at: www.exasol.com and follow us on social media: LinkedIn and Twitter

IMPORTANT NOTICE

Certain statements in this communication may constitute forward looking statements. Forward-looking statements can be identified by terms such as "believe", "estimate", "expect", "intend", "will", or "should" as well as their negation and similar variants or comparable terminology. Such statements are based on assumptions that are believed to be reasonable at the time they are made, and are subject to significant risks and uncertainties, including, but not limited to, those risks and uncertainties described in this communication. Investors should not rely on these forward-looking statements as predictions of future events and we undertake no obligation to update or correct these statements. Our actual results may differ materially and adversely from any forward-looking statements discussed in these statements due to several factors, including without limitation, risks from macroeconomic and industry-specific developments, technological changes, technical operations and cyber attacks, as well as changes in competition levels. All stated figures and information related to them are unaudited.

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2021-09-21 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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Language:     English 
Company:      EXASOL AG 
              Neumeyerstraße 22-26 
              90411 Nuremberg 
              Germany 
Internet:     www.exasol.com 
ISIN:         DE000A0LR9G9 
WKN:          A0LR9G 
Listed:       Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, 
              Tradegate Exchange 
EQS News ID:  1234720 
 
End of News   DGAP News Service 
=------------ 

1234720 2021-09-21

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1234720&application_name=news

(END) Dow Jones Newswires

September 21, 2021 02:00 ET (06:00 GMT)

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Sales 2021 31,2 M 36,3 M 36,3 M
Net income 2021 -28,2 M -32,8 M -32,8 M
Net cash 2021 30,5 M 35,5 M 35,5 M
P/E ratio 2021 -8,68x
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Number of Analysts 2
Last Close Price 10,16 €
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Spread / Average Target 176%
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Aaron Auld Chief Executive Officer
Jan-Dirk Henrich Chief Operating & Financial Officer
Jochen Tschunke Chairman-Supervisory Board
Mathias Golombek Chief Technology Officer
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