WithSecure Oyj

WITH

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WithSecure Oyj

Ticker/ISIN
WITH
FI4000519228
Marknad/Land
Main Market, Helsinki
Sweden

Senaste sammanfattade pressmeddelande från WithSecure Oyj

WithSecure Corporation has signed an agreement to sell its cyber security consulting business to Neqst, a Swedish investment firm focused on technology companies. The transaction involves transferring the consulting business to a newly established group before selling its shares. Approximately 250 employees from various countries are expected to move to Neqst. This sale aligns with WithSecure's strategic updates announced in October 2023. The total enterprise value of the deal is EUR 22.5 million, with 60% payable upon completion and the remaining 40% based on performance in 2025 and 2026. WithSecure anticipates a EUR 13 million impairment cost in the fourth quarter of 2024. The transaction is expected to finalize in the second quarter of 2025, pending customary conditions and approvals.
WithSecure Corporation announced new incentive plans for 2025–2027 for its management and key employees, based on share-based long-term incentive schemes. The Performance Share Plan (PSP) 2025–2027 will focus on annual revenue growth and adjusted EBITDA as performance criteria, aiming to exceed a combined target of 30 by 2027. If achieved, up to 5,000,000 shares may be rewarded in 2028. The Restricted Share Plan (RSP) 2025–2027 is aimed at selected key employees, with a maximum of 250,000 shares potentially payable in 2028. Both plans require continued employment for eligibility.
WithSecure Corporation has announced its financial reporting schedule for 2025. The company will observe a 21-day silent period before releasing financial reports, during which it will not discuss its financial position with capital market representatives or the media. The Annual General Meeting is set for Tuesday, March 18, 2025, and will be convened by the Board of Directors. For more information, contact Laura Viita, Vice President of Controlling, Investor Relations, and Sustainability at WithSecure Corporation.
WithSecure Corporation has announced a new medium-term financial target for its Elements Company segment, aiming to become a "Rule of 30+" company over the next three years (2025-2027). This target involves reaching a sum of components that exceeds 30. The company clarified that this target should not be viewed as market guidance for any specific year. For further information, contact Laura Viita, Vice President of Controlling, Investor Relations and Sustainability at WithSecure Corporation.
WithSecure Corporation announced an Investor Day for investors and analysts on Friday, November 22, 2024, starting at 9:00 am EET. The company's management will present WithSecure’s strategic priorities and medium-term financial targets. A live webcast of the event will be available, allowing participants to ask questions via chat, which will be addressed during a Q&A session at approximately 12:00–12:30 pm. The event will be conducted in English, and a recording along with presentation materials will be posted on the company's website afterward. For more information, contact Laura Viita, VP of Controlling, Investor Relations and Sustainability at WithSecure Corporation.
WithSecure Corporation has announced the launch of a new Employee Share Savings Plan (ESSP) period for 2025-2027. Initially introduced in 2022, the ESSP allows the Board of Directors to start new plan periods annually, each consisting of a 12-month savings period followed by a two-year holding period. The plan aims to encourage employees to purchase and own WithSecure shares, aligning the interests of shareholders and employees and fostering long-term employee commitment. Open to all employees, the ESSP enables them to save part of their salary to invest in WithSecure shares, which are acquired quarterly after interim reports. As an incentive, employees receive a matching share for each share bought with their savings, provided they remain employed and hold the shares through the holding period. The award, issued in shares or partly in cash to cover taxes, is settled after the holding period. Dividends from savings and matching shares are reinvested in additional shares. The 2025-2027 plan runs from January 1, 2025, to December 31, 2027, with a holding period ending on November 30, 2027. The plan allows for a maximum of approximately 1,700,000 matching shares, subject to employee participation and market share acquisition. Future plan periods will be determined by the Board of Directors.
WithSecure Corporation announced it will host an Investor Day on November 22, 2024, at 9:00 EET. The event will take place at WithSecure's headquarters in Helsinki, Finland, and will also be available via a live webcast. During the Investor Day, WithSecure's management will discuss the company's future strategic priorities and financial targets, as well as plans for each business area. Interested participants must register by November 15, 2024, for on-site attendance, while webcast viewers can interact via an online chat function. Event recordings and presentation materials will be accessible afterward on WithSecure's website. For further details, contact Laura Viita, Vice President of Controlling, Investor Relations, and Sustainability at WithSecure.
WithSecure Corporation's interim report for January to September 2024 highlights continued growth in its Elements software, maintaining profitability despite challenges in services. For the third quarter, the annual recurring revenue (ARR) for Elements Cloud products and services grew by 11% to EUR 81.8 million, with revenue increasing by 9% to EUR 20.7 million. Cloud Protection for Salesforce saw significant ARR growth of 38%. However, revenue growth in the DACH region slowed due to economic weakness, and some large customers churned in managed services. Despite these challenges, the company maintained positive Adjusted EBITDA. The outlook for 2024 was revised down due to revenue gaps, resulting in an impairment of consulting-related goodwill. The company is considering divesting its cyber security consulting business. No significant changes occurred after the quarter's end. The full interim report is available on WithSecure's website, and a webcast presentation by the CEO and CFO will be held on 23 October 2024.

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Transaktioner utförda av personer i ledande ställning: WithSecure Corporation - Manager's Transactions - Tuomas Syrjänen

On April 29, 2024, WithSecure Corporation released a statement regarding a transaction involving Tuomas Syrjänen, a member of the corporation's board. The initial notification detailed a share-based incentive received by Syrjänen, consisting of 17,475 shares at a unit price of 0.00 EUR. The transaction took place on April 25, 2024. Laura Viita, VP of Controlling, Investor Relations and Sustainability at WithSecure Corporation, is the contact for further information.

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Interimsrapport: WithSecure Interim report 1 January - 31 March 2024: Elements Company profitability developing positively, despite slow start of the year

WithSecure Corporation has released its interim report for the first quarter of 2024. Despite a slow start to the year, the company's profitability is developing positively. The annual recurring revenue (ARR) for Elements Cloud products and services is expected to grow by 10-20% from the end of 2023. The revenue from Elements Cloud products and services will grow by 10-16% from the previous year. The total revenue of the group will grow by 6-12% from the previous year. The adjusted EBITDA of the full year 2024 will be positive. The interim CEO, Antti Koskela, stated that the company is transforming into a partner-led SaaS company and the recent unexpected change of CEO will not impact the strategy execution. The report also discusses the financial performance of the company and events after the period-end, including the stepping down of CEO Juhani Hintikka following a Supreme Court ruling.

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Övrig information som ska lämnas enligt börsens regler: WithSecure publishes restated 2023 financial information in accordance with the new segment reporting and updates 2024 outlook comparatives

WithSecure Corporation has restated its 2023 financial information and updated its 2024 outlook comparatives in accordance with the new IFRS 8 financial reporting standard. The company will now report its business in three separate segments: Cyber security consulting, Non-recurring Incident response services, and Elements Company. The restated financial information for 2023 ensures comparability with the new segment reporting. The total financial information of the WithSecure Group remains unchanged. The financial outlook for 2024 predicts a growth in annual recurring revenue for Elements Cloud products and services by 10-20% from the end of 2023, and total revenue growth of the group by 6-12% from the previous year.

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Nyheter för investerare: WithSecure Corporation to publish interim report for January-March 2024 on 24 April 2024

WithSecure Corporation will release its interim report for Q1 2024 on April 24, 2024. The report will be presented by interim CEO Antti Koskela and CFO Tom Jansson in a webcast, which will be conducted in English. Analysts are invited to attend the presentation at the company's headquarters in Helsinki, Finland. The presentation material and webcast recording will be made available on the company's website. Questions for the webcast can be submitted in written format via the webcast portal.

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