Investors

Outlook

WithSecure Corporation issues financial outlook for F-Secure for 2022 (published June 3, 2022)

WithSecure Corporation Board of Directors, with future F-Secure Corporation Board of Directors, issues financial outlook for F-Secure for 2022, due to the advanced status of the demerger process.

We expect F-Secure revenue to grow by 4-6% year-on-year.

Due to necessary investments into establishing our independence and ensuring future growth, we will see lower profitability during the rest of the year compared to Q1/2022. Thus, we expect the adjusted EBITA to be approximately 40% for the full year 2022.

We retain our earlier published medium-term targets (by 2025):

• Growth: High single digit organic revenue growth

• Profitability: After initial growth investments, adjusted EBITA margin of above 42 per cent

• Dividend Yield: F-Secure aims to pay around or above 50 per cent of net profit as dividend on an annual basis

You can find the release regrading the financial outlook here.