DGAP-Adhoc: NORTHERN DATA AG ANNOUNCES REVENUE AND EARNINGS FORECAST FOR 2020

2020. március 16., hétfő, 11:03





DGAP-Ad-hoc: Northern Data AG / Key word(s): Forecast


NORTHERN DATA AG ANNOUNCES REVENUE AND EARNINGS FORECAST FOR 2020


16-March-2020 / 11:03 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




AD HOC RELEASE


NORTHERN DATA AG ANNOUNCES REVENUE AND EARNINGS FORECAST FOR 2020


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.

Press Contact:

Northern Data AG

Dr. Hans Joachim Dürr

Head of Corporate Communications

Thurn-und-Taxis-Platz 6

60313 Frankfurt

Mail: h.duerr@northerndata.de

Phone: +49 69 348 752 89



Investor Relations:

Sven Pauly

Mail: ir@northerndata.de

Phone: +49 89 125 09 03 31











16-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Northern Data AG

Thurn-und-Taxis-Platz 6

60313 Frankfurt/Main

Germany
Phone: +49 69 34 87 52 25
E-mail: info@northerndata.de
Internet: www.northerndata.de
ISIN: DE000A0SMU87
WKN: A0SMU8
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich (m:access), Tradegate Exchange
EQS News ID: 997975





 
End of Announcement DGAP News Service




997975  16-March-2020 CET/CEST







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