Tillkännagivande • Dec 04
Nixu to Delist its Shares from Nasdaq Helsinki Ltd The arbitral tribunal appointed by the Redemption Board of the Finland Chamber of Commerce (the ‘Arbitral Tribunal’) in connection with the redemption proceedings concerning the minority shares in Nixu Corporation (‘Nixu’) has in its interim award confirmed that DNV AS (‘DNV’) has the right to redeem the minority shares in Nixu and that DNV has the right to obtain title to the minority shares by posting a security approved by the Arbitral Tribunal for the payment of the redemption price and the possible interest accruing thereon. Nixu announced on October 9, 2023, that the Board of Directors of Nixu has resolved to apply for the termination of public trading in the shares of Nixu and for the delisting of its shares from the Official List of Nasdaq Helsinki Ltd. (‘Nasdaq Helsinki’) so that the delisting would occur as soon as possible upon DNV having gained title to all the shares in Nixu in the pending redemption proceedings under Chapter 18 of the Finnish Companies Act. Following the confirmation of the redemption right, Nasdaq Helsinki has suspended trading in the Nixu shares December 1, 2023 at 3.40 p.m. EET. Upon Nixu's application, Nasdaq Helsinki has on October 23, 2023, decided that the shares in Nixu will be delisted from the Official List of Nasdaq Helsinki after DNV has gained title to all the shares in Nixu in the redemption proceedings in accordance with the Finnish Companies Act. The shares of Nixu will be listed for the last time December 1, 2023 in accordance with a separate release published by Nasdaq Helsinki. After the delisting has taken place, Nixu is not subject to the periodic reporting obligation set out in the Finnish Securities Market Act and will thereby not publish a periodic financial reporting from the ongoing or future reporting periods. Tillkännagivande • Oct 18
Nixu Corporation Provides Earnings Guidance for the Earnings Guidance for 2023 Nixu Corporation provided earnings guidance for the earnings guidance for 2023. For the year, the company estimates its revenue to be EUR 66 million -EUR 70 million and profitability to improve. Tillkännagivande • Oct 10
Nixu Applies for the Delisting of its Shares from Nasdaq Helsinki Ltd The board of directors of Nixu Corporation (‘Nixu’) has resolved to apply for the termination of public trading in the shares of Nixu and for the delisting of its shares from the Official List of Nasdaq Helsinki Ltd. (‘Nasdaq Helsinki’). DNV AS (‘DNV’) holds more than 90% of all the shares and voting rights carried by the shares in Nixu. DNV has on August 22, 2023, initiated redemption proceedings in respect of Nixu minority shares in order to obtain ownership of all the issued and outstanding shares in Nixu by serving its application to appoint an arbitral tribunal and to initiate arbitration proceedings in accordance with Chapter 18, Section 5, of the Finnish Companies Act. The Board of Directors of Nixu has resolved to submit an application to Nasdaq Helsinki for the termination of public trading and for the delisting of the Nixu shares. In the application, it will be requested that the delisting in respect of the Nixu shares admitted to trading on the Official List of Nasdaq Helsinki would become effective as soon as possible upon DNV having gained title to all the shares in Nixu in the pending redemption proceedings under Chapter 18 of the Finnish Companies Act. Tillkännagivande • Jul 01
Patric Andersson Appoints Patric Andersson to the Management Team on 1 December 2023 Patric Andersson will join the Nixu Corporate Management team on 1 December 2023 as Chief Information Security Officer. He will report to CEO Teemu Salmi. Andersson has broad experience within all areas of Information Technology spanning over three decades, of which the last 9 years has been in the field of Information Security. Most recently he has served in a similar position in Stora Enso, gaining experience in building and managing resilient cybersecurity capabilities. Tillkännagivande • Jun 30
DNV Intends to Apply for Nixu Shares to Be Delisted from Nasdaq Helsinki Ltd DNV AS (DNV or the Offeror) has on February 28, 2023, commenced a voluntary recommended public cash tender offer for all the issued and outstanding shares (Shares" or, individually, a "Share") that are not held by cyber security services company Nixu Corporation (Nixu or the Company) or any of its subsidiaries, and the issued and outstanding stock options (Stock Options) in Nixu (Tender Offer). The offer period for the Tender Offer commenced on February 28, 2023, at 9:30 a.m. (Finnish time) and expired on June 5, 2023, at 4:00 p.m. (Finnish time). The subsequent offer period for the Shares in accordance with the terms and conditions of the Tender Offer (Subsequent Offer Period) commenced on June 9, 2023 at 9:30 a.m. (Finnish time) and expired on June 26, 2023 at 4:00 p.m. (Finnish time). The Offeror has on June 16, 2023, filed an application with the Redemption Committee of the Finland Chamber of Commerce to initiate compulsory redemption proceedings for the remaining Shares under the Finnish Companies Act (624/2006, as amended). The Offeror intends to apply for the Shares to be delisted from Nasdaq Helsinki Ltd. ("Nasdaq Helsinki") as soon as permitted and reasonably practicable under the applicable laws and regulations and the rules of Nasdaq Helsinki. Tillkännagivande • Jun 22
Nixu Oyj Approves Board Appointments Nixu Oyj announced that at its Annual General Meeting and the organizing meeting of the Board of Directors was held on June 20, 2023, Joakim Karske and Anders Silwer. Liv A. Hovem and Thor H.B. Winther were elected as new members of the Board of Directors. The Annual General Meeting resolved to elect Thor H.B. Winther as the Chairman of the Board of Directors. At the organizing meeting, held after the Annual General Meeting on June 20, 2023, the Board of Directors elected Liv A. Hovem as the Deputy Chairman of the Board. The Board of Directors elected Liv A. Hovem as the Chair and Joakim Karske and Thor H.B. Winther as members of the Personnel and Remuneration Committee. In addition, the Board of Directors elected Thor H.B. Winther as the Chair and Liv A. Hovem and Anders Silwer as members of the Audit Committee. Tillkännagivande • Jun 09
DNV Intends to Apply for Delisting of Shares of Nixu from Nasdaq Helsinki DNV AS (DNV or the Offeror) has on February 28, 2023, commenced a voluntary recommended public cash tender offer for all the issued and outstanding shares (Shares or, individually, a Share) that are not held by cyber security services company Nixu Corporation (Nixu or the Company) or any of its subsidiaries, and the issued and outstanding stock options (Stock Options) in Nixu (the “Tender Offer”). The offer period for the Tender Offer commenced on February 28, 2023, at 9:30 a.m. (Finnish time) and expired on June 5, 2023, at 4:00 p.m. (Finnish time). It is the Offeror’s intention to acquire all the Shares and to apply for the Shares to be delisted from Nasdaq Helsinki Ltd. (“Nasdaq Helsinki”) as soon as permitted and reasonably practicable under the applicable laws and regulations and the rules of Nasdaq Helsinki. As the Offeror’s ownership in Nixu will exceed 90% of the Shares and voting rights carried by the Shares after the settlement of the Shares tendered in the Tender Offer, the Offeror intends to initiate compulsory redemption proceedings to acquire the remaining Shares in accordance with the Finnish Companies Act. Tillkännagivande • May 09
Nixu Corporation Announces the Appointment of Marek Rejmer as Senior Vice President of Identity and Access Management, Effective 1 August 2023 Nixu Corporation announced the appointment of Marek Rejmer as Senior Vice President, Identity and Access Management (IAM), effective 1 August 2023. Marek has extensive experience and a successful career in the IT industry, having held several management positions during his career. Most recently, he served as Group CIO for Telia Company and previously held the position of Head of Products and Solutions at Telia Sweden. Prior to that, Marek worked for several years as VP for Enterprise Applications at Tieto, where he was responsible for international business and global delivery. Marek's expertise and leadership will further enhance Nixu's ability to deliver exceptional value to its customers and drive continued growth and success. Tillkännagivande • Feb 18
DNV AS agreed to acquire 98.98643% stake in Nixu Oyj (HLSE:NIXU) for €98 million. DNV AS made an offer to acquire 98.98643% stake in Nixu Oyj (HLSE:NIXU) for approximately €100 million on February 16, 2023. The funds immediately available to the Offeror suffice for completing the Tender Offer and for financing the potential compulsory redemption proceedings in accordance with the Finnish Companies Act. The Offeror's obligation to complete the Tender Offer is not conditional upon availability of financing. As at the date of this release, Nixu has 7,447,219 issued shares, of which 7,445,693 are outstanding Shares and 1,526 of which are held in treasury, and a total of 219,300 outstanding Stock Options, comprising of 63,800 Stock Options 2019A, 68,000 Stock Options 2019B and 87,500 Stock Options 2019C. As at the date of this release, the Offeror holds 75,467 Shares and votes in Nixu. The price offered for each Stock Option validly tendered is EUR 0.91 in cash for each outstanding Stock Option 2019A, EUR 3.52 in cash for each outstanding Stock Option 2019B and EUR 3.05 in cash for each outstanding Stock Option 2019C subject to any adjustments. The deal is subject to Nixu board approval, regulatory and antitrust approval. As of February 16, 2023 Nixu board approved the deal. The Tender Offer is currently expected to be completed during the second quarter of 2023.
Nordea Bank Abp acts as financial advisor to DNV in connection with the Tender Offer and arranger in relation to the Tender Offer outside the United States. In addition, DNV has retained White & Case LLP as legal advisor in connection with the Tender Offer and Miltton Ltd as the communication advisor. Nixu has retained Danske Bank as financial advisor and Borenius Attorneys Ltd as legal advisor in connection with the Tender Offer. Reported Earnings • Feb 11
Full year 2022 earnings released: EPS: €0.01 (vs €0.13 loss in FY 2021) Full year 2022 results: EPS: €0.01 (up from €0.13 loss in FY 2021). Revenue: €60.3m (up 16% from FY 2021). Net income: €42.0k (up €1.03m from FY 2021). Profit margin: 0.1% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Tillkännagivande • Feb 09
Nixu Corporation Provides Earnings Guidance for the Full Year 2023 Nixu Corporation provided earnings guidance for the full year 2023. For the year, the company estimates its revenue to be EUR 66 million to EUR 70 million and profitability to improve. Tillkännagivande • Oct 12
Nixu Oyj Provides Earnings Guidance for the Full Year 2022 Nixu Oyj provides earnings guidance for the full year 2022. Nixu estimates its revenue to grow to approximately EUR 60 million and the full year EBITDA to grow up to 4-6%. Reported Earnings • Aug 12
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up €452.0k from 1H 2021). Profit margin: (up from net loss in 1H 2021). The move to profitability was driven by lower expenses. Over the next year, revenue is forecast to grow 9.1%, compared to a 16% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Tillkännagivande • Aug 11
Nixu Oyj Provides Earnings Guidance for 2022 Nixu Oyj provided earnings guidance for 2022. Company estimates its revenue to grow and its EBITDA to increase from 2021. Tillkännagivande • May 08
Nixu Oyj Announces Teemu Salmi to Start as CEO from August 1, 2022 Nixu Oyj announced that Teemu Salmi’s starting date as new CEO has been specified. He will start in the position on August 1, 2022. On February 28, 2022, Nixu announced Salmi’s appointment and that he will assume his position at the latest on September 1, 2022. Tillkännagivande • Apr 20
Nixu Oyj Approves Management Elections Nixu Oyj at its annual general meeting held on April 19, 2022 approved election of Joakim Karske as new member of the Board of Directors. At the organizing meeting, held after the Annual General Meeting on April 19, 2022, the Board of Directors elected Marko Kauppi as the Deputy Chairman of the Board. The Board of Directors elected Kati Hagros as the Chair and Joakim Karske and Jari Niska as members of the Personnel and Remuneration Committee. In addition, the Board of Directors elected Marko Kauppi as the Chair and Jari Niska and Anders Silwer as members of the Audit Committee. Tillkännagivande • Apr 14
Nixu Oyj Provides Earnings Guidance for the Year 2022 Nixu Oyj provided earnings guidance for the year 2022. For the period, the company estimates its revenue to grow and its EBITDA to increase from the previous financial year. Tillkännagivande • Mar 01
Nixu Corporation Announces CEO Changes Nixu Corporation has appointed Teemu Salmi as the new CEO of the company. Salmi is currently serving as CIO, Head of IT & Digitalisation and a member of the Group Leadership Team at Stora Enso. Salmi will assume his new position at the latest on September 1, 2022. He joined Stora Enso in 2017 and has, in addition to his CIO and Head of IT & Digitalisation role, served as Managing Director of an intelligent packaging growth company, owned by Stora Enso. Nixu's Board of Directors has appointed Valtteri Peltomäki, Business Area Lead Client Experience and a member of Nixu Corporate Leadership team, as Interim CEO starting from March 1, 2022 until Teemu Salmi will assume his position. Current CEO Petri Kairinen will, until his earlier communicated departure from Nixu, continue supporting Valtteri Peltomäki in his new role. Reported Earnings • Feb 20
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: €0.13 loss per share (up from €0.25 loss in FY 2020). Revenue: €51.8m (down 2.7% from FY 2020). Net loss: €984.0k (loss narrowed 46% from FY 2020). Revenue missed analyst estimates by 2.8%. Over the next year, revenue is forecast to grow 6.8%, compared to a 17% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Tillkännagivande • Feb 15
Nixu Oyj Announces Resignation of Petri Kairinen as CEO The Nixuoard of Directors and CEO Petrtri Kairinen have agreed together that Nixu's CEO will change for the next growth phase. Kairinen has resigned on February 14, 2022 to join another company. Nixu's Board of Directors has already started last year the search for a successor in order to appoint a new CEO for Nixu. Petri Kairinen has been Nixu's CEO since 2014. He will continue as Nixu's CEO for the time being and will be available to serve Nixu until June 2022. Tillkännagivande • Feb 10
Nixu Oyj Provides Earnings Guidance for the Year 2022 Nixu Oyj provided earnings guidance for the year 2022. The company estimates its revenue to grow from the previous financial year. Breakeven Date Change • Sep 23
Forecast to breakeven in 2022 The 2 analysts covering Nixu Oyj expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €1.58m in 2022. Average annual earnings growth of 75% is required to achieve expected profit on schedule. Reported Earnings • Aug 18
First half 2021 earnings released: €0.061 loss per share (vs €0.20 loss in 1H 2020) The company reported a decent first half result with reduced losses and improved control over expenses, although revenues were weaker. First half 2021 results: Revenue: €26.7m (down 3.4% from 1H 2020). Net loss: €452.0k (loss narrowed 69% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 14% per year. Breakeven Date Change • Aug 14
Forecast breakeven pushed back to 2022 The 2 analysts covering Nixu Oyj previously expected the company to break even in 2021. New consensus forecast suggests losses will reduce by 78% to 2021. The company is expected to make a profit of €1.53m in 2022. Average annual earnings growth of 75% is required to achieve expected profit on schedule. Tillkännagivande • Aug 12
Nixu Oyj Revises Financial Guidance for the Year 2021 Nixu Oyj revised financial guidance for the year 2021. The company changed its financial guidance for 2021 with a stock exchange release on June 23, 2021. According to the new guidance, the company estimates its revenue to remain on the same level. Previous guidance for 2021: the company estimated its revenue to grow organically. Tillkännagivande • Jun 24
Nixu Oyj Provides Financial Guidance for 2021 Nixu Oyj provided financial guidance for 2021. Nixu estimates its revenue to remain on the same level and its EBITDA to decrease from 2020. Previously the company estimates its revenue to grow organically and its EBITDA to increase from 2020. Reported Earnings • Feb 14
Full year 2020 earnings released: €0.25 loss per share (vs €0.48 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: €53.3m (up 4.1% from FY 2019). Net loss: €1.84m (loss narrowed 48% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 14
Revenue misses expectations Revenue missed analyst estimates by 1.3%. Over the next year, revenue is forecast to grow 7.2%, compared to a 12% growth forecast for the IT industry in Germany. Tillkännagivande • Feb 10
Nixu Renews its Operating Model to Increase Client Centricity and Transfers to International Business Units Nixu renewed its operating model and management system to be the go-to partner for cybersecurity services for digitalization and the best place to work for cybersecurity professionals, in line with its strategy. The new operating model aims to increase client intimacy and focus, strengthen the competence development of cybersecurity experts, and improve profitability through more efficient service delivery. In the future, all Nixu operations are international, and clients are served and competences developed company-wide. Is New 90 Day High Low • Jan 14
New 90-day high: €10.25 The company is up 19% from its price of €8.60 on 15 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.53 per share. Is New 90 Day High Low • Dec 29
New 90-day high: €9.70 The company is up 14% from its price of €8.50 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €15.19 per share. Is New 90 Day High Low • Nov 11
New 90-day high: €9.34 The company is up 15% from its price of €8.10 on 13 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.01 per share. 
