Stonesoft Corporation Stock Exchange Release January 3, 2013 at 4:25 p.m.
CLARIFICATIONS TO STONESOFT'S UPDATED STRATEGY: AIMING AT RAPID GROWTH IN 2013-2014
As has previously been announced, Stonesoft's Board of Directors and Executive Management have updated the company's strategy and goals. The company's updated strategy for the years 2013-2014 is based on strong growth in the rapidly growing security market.
Stonesoft's growth strategy is divided into cyber security-, customer-, product-, channel-, and marketing strategies, each of which supports growth.
Stonesoft is committed to profitable and faster-than-market growth as well as growing the company's value.
The company's budgeted net sales for 2013 is EUR 60 million and the net sales target set in the strategy for the year 2014 is approximately EUR 90 million. To support this, the company will enter several new markets during 2013 and actively develop partner business.
The budgeted figures are based on the current estimate regarding the development potential of product sales. Currently the company has several million scale projects, which have not been included in the budgets for the years 2013 and 2014. Should these projects materialize, they will naturally support the company's growth strategy.
SHORT-TERM RISKS AND BUSINESS UNCERTAINTIES
There have been no significant changes in the risk scenario with respect to Stonesoft. The need of companies and authorities to protect themselves against network attacks and cyber threats will increase significantly. The global economical crisis has a negative impact on the total demand.
During the fiscal year 2013, Stonesoft's main risks and business uncertainties relate to the realization timetable of the sales projects and possible production disruption of our subcontractors and suppliers.
Risks and uncertainties as well as the principles of Stonesoft's risk management are discussed more extensively at the company website and in the Annual Report 2011.
Ilkka Hiidenheimo, CEO, Stonesoft Corporation will introduce the targets of the company's updated strategy at the Capital Markets event in February-March 2013.
Chief Executive Officer
For further information, please contact:
Ilkka Hiidenheimo; CEO, Stonesoft Corporation
Tel.+358 9 4767 11
NASDAQ OMX Helsinki Ltd
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Stonesoft Oyj via Thomson Reuters ONE
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