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
[e-mail]

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