Half-Year Financial Report 2018


Unofficial translation

Strong growth continued, several large cybersecurity partnerships

Highlights for January–June 2018:

  • Revenue: EUR 19,467 thousand (14,568), change: +34%.
    Organic growth: 17%. Managed continuous services grew by 126%.
  • EBITDA: EUR -663 thousand (657), share of the revenue: -3% (5%).
  • Adjusted EBITDA: EUR -308 thousand (811), share of the revenue: -2% (6%).
  • EBIT: EUR -1,045 thousand (415), share of the revenue: -5% (3%).
  • EBITDA was affected by investments in international expansion, listing preparations, the development of technology-based services and the future-oriented upfront recruitment in Finland.
  • Nixu signed several large cybersecurity framework agreements, the most significant of which was EUR 15 million and was concluded after the end of the review period.
  • Nixu published its renewed strategy, which focuses on cybersecurity of industrial IoT and digitalization.
  • Nixu transferred to the Official List of Nasdaq Helsinki Stock Exchange after the end of the review period.
Nixu_1H 2018_half-year-report.pdf