Mid-term financial targets
WithSecure does not currently have valid mid-term financial targets.
Financial outlook for 2023
Annual recurring revenue (ARR) for cloud products will grow by 18–24% from the end of 2022. At the end of 2022, cloud ARR was EUR 80.2 million.
Revenue from cloud products will grow by 18–24% from the previous year. Previous year revenue from cloud products was EUR 68.7 million.
Total revenue of the group will grow by 6–12% from the previous year. Previous year revenue was EUR 134.7 million.
Adjusted EBITDA will improve from the previous year. Previous year’s Adjusted EBITDA (Estimated comparable EBITDA for first two quarters) was EUR -23.2 million. Adjusted EBITDA of the fourth quarter of 2023 will be between EUR –4 million and EUR +1 million.
From a long-term perspective the objective of WithSecure's capital management is to achieve an efficient capital structure that ensures the functioning of business operations and promotes the increase of shareholder value.