Northern Data AG announces revenue and earnings forecast for 2020

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Frankfurt on the Main – March 16, 2020  Northern Data AG (XETRA: NB2, ISIN: DE000A0SMU87) announces revenues and earnings forecast for the current financial year. Here, the combined business areas of Northern Data AG and Whinstone US, Inc. become relevant for the first time, as Whinstone US, Inc. is now being consolidated as a result of the successful merger. Based on current expectations and contracts already concluded, the Management Board anticipates revenues of EUR 120 million to EUR 140 million for the financial year 2020. Accordingly, the Management Board expects earnings before interest, taxes, depreciation and amortization (EBITDA) of between EUR 45 million and EUR 60 million.

Disclaimer

This press release does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities of Northern Data AG and does not constitute a prospectus of Northern Data AG. The information contained in this press release is not intended to form the basis of any financial, legal, tax or other business decision. Investment or other decisions should not be made solely on the basis of this press release. As with all business and investment matters, please consult qualified professional advice. This release and the information contained herein are not for distribution, directly or indirectly, in or into the United States of America, Canada, Australia or Japan.

Press Contact

Dr. Hans Joachim Dürr
+49 69 34 87 52 89
[email protected]

Ir Contact

Sven Pauly
+49 89 125 09 03 30
[email protected]