- Management Board reaffirms its guidance for 2021
- CEO Thillainathan: “Strategy is already paying off.”
- Audit opinion confirms preliminary 2020 figures
- Annual General Meeting no later than 23 December 2021
Frankfurt am Main – 09 November 2021 – Northern Data AG (XETRA: NB2, ISIN: DE000A0SMU87 / ISIN DE000A3E5EZ5), the leading value generator for HPC infrastructure solutions, today received unqualified audit opinions from the auditing firm KPMG for both its annual and consolidated financial statements for 2020. The preliminary consolidated annual figures published on 30 September were confirmed. Against this backdrop, the Executive Board confirms its guidance for the financial year 2021 with revenues of EUR 180 – 220 million and EBITDA of EUR 100 – 125 million.
CEO Aroosh Thillainathan: “2020 was a successful year from an operational perspective, we laid important foundations for our future business model. Nevertheless, this was not yet reflected in our figures. However, our strategy is already paying off. The two latest acquisitions confirm our expectations.”
At the Group level, the key figures according to IFRS for the 2020 financial year are as follows:
Revenues: EUR 16.4 million (2019: EUR 10.1 million)
EBITDA: EUR -12.3 million (2019: EUR -4.7 million)
Cash flow from operating activities: EUR 183.5 million (2019: EUR -6.0 million)
Cash and cash equivalents at the end of 2020: EUR 73.9 million (2019: EUR 3.2 million)
Equity of the Group: EUR 176.5 million (2019: EUR -8.5 million).
The Company will present the adopted annual financial statements of Northern Data AG for the 2020 financial year, the approved consolidated financial statements and Group management report for the 2020 financial year and the report of the Supervisory Board to the Company’s Annual General Meeting, which will be held no later than 23 December 2021.
The consolidated financial statements including the Group management report, prepared in accordance with IFRS, are available on the internet at https://ir.northerndata.de. The English-language version will be published in a few days.
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.
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