Northern Data provides outlook for 2021 and announces capital increase

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Frankfurt am Main – December 14, 2020 – Northern Data AG (XETRA: NB2, ISIN: DE000A0SMU87) expects revenues of approximately EUR 350 million to EUR 400 million and EBITDA of approximately EUR 100 million to EUR 125 million for 2021. For the current year the Company continues to expect – excluding possible IFRS conversion effects already mentioned in the half-year report – revenues of between EUR 120 million and EUR 140 million and EBITDA of between EUR 45 million and EUR 60 million.

Against the background of this positive business development, the Management Board of Northern Data AG today resolved, with the approval of the Supervisory Board, to increase the Company’s share capital by issuing up to 900,000 new no-par value bearer shares to further strengthen the balance sheet, accelerate the growth of existing business activities and for general business purposes. This corresponds to up to 6.15% of the current share capital. The shares will be issued against cash contributions partially using the existing authorized capital and excluding the subscription rights of existing shareholders. The shares will be issued at EUR 58.30 per share, which is 3 percent above the XETRA closing price last Friday; the total gross issue proceeds will thus amount to up to EUR 52,470,000. The shares will be subscribed by strategic financial investors. The implementation of the capital increase is expected to be filed for entry in the commercial register before the end of 2020.

The Company is also considering strategic acquisitions of facilities to expand its own capacity in response to high customer demand. The Company plans to take advantage of such opportunities in the short and medium-term if the opportunity arises. In particular, the Company is currently in advanced discussions regarding the potential acquisition of a further data center site in Europe.

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
presse@northerndata.de

Ir Contact

Sven Pauly
+49 89 125 09 03 30
ir@northerndata.de