F-Secure Oyj - Company Announcement

F-Secure Corporation lowers its full-year 2014 revenue guidance

F-Secure Corporation, Stock exchange release, October 16, 2014 at 9:00 EEST

The Management's estimation for the year has been revised; the annual revenue
in 2014 is estimated to remain at the level of 2013 (2013 revenues were 155.1
million euros). The annual profitability is estimated to remain unchanged at
around 15% of revenues excluding one-off costs (2013 EBIT was 27.1 million
euros; 17% of revenues). 

The change in annual revenue forecast is caused among other things by weaker
direct consumer personal cloud sales than anticipated. Additionally,
traditional PC-centric security sales continued to decline slowly. This is
compensated by growth of the Company's focus security products which follow
F-Secure's cloud strategy. 

The previous guidance was stated as following: revenue is estimated to grow
from 2013 with a stronger second half and profitability is estimated to be
around 15% of revenues excluding one-off costs. 

F-Secure will publish its Q3 2014 interim report on Thursday, October 23.


F-Secure Corporation

Additional information

Taneli Virtanen, CFO
tel. +358 9 2520 5655