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Monday 16 March, 2020

Northern Data AG

NORTHERN DATA AG ANNOUNCES REVENUE AND EARNINGS FORECAST FOR 2020

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: [email protected]
Phone: +49 69 348 752 89

Investor Relations:
Sven Pauly
Mail: [email protected]
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.
Archive at www.dgap.de


Language: English
Company: Northern Data AG
Thurn-und-Taxis-Platz 6
60313 Frankfurt/Main
Germany
Phone: +49 69 34 87 52 25
E-mail: [email protected]
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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