2011-10-21 08:15:00 CEST
2011-10-21 08:15:30 CEST
REGULATED INFORMATION
Stonesoft - Interim report (Q1 and Q3)
Stonesoft Oyj :STONESOFT CORPORATION INTERIM REPORT FOR JANUARY-SEPTEMBER 2011
Stonesoft Corporation Stock Exchange Release 21 October 2011 at 9:15 a.m.
Stonesoft net sales grew 43% and product sales grew 63%
Stonesoft Corporation's net sales grew by 43% and product sales by 63% compared
to the corresponding period in the previous year. Operating result was MEUR
0.2, which is MEUR 0.7 better than in the corresponding period in the previous
year. The operating result was impacted by significant additional investments in
product development and marketing, which are expected to have a positive
influence on the competitiveness and sales of the company's products.
The comparable figures from the corresponding period in the previous year are in
brackets and refer to the figures of continuing operations.
July-September 2011
- Net sales MEUR 8.0 (5.6), growth 43%
- Product sales MEUR 4.7 (2.9), growth 63%
- Operating result MEUR +0.2 (-0.6)
- Operating result as percentage of net sales +2 (-10)%
- Earnings per share +0.00 (-0.01) EUR
- Operative cash flow MEUR -2.2 (-1.0)
- Liquid cash funds at the end of the fiscal period MEUR 7.1 (10.5). The
corporate had no interest-bearing debts.
January-September 2011
- Net sales MEUR 21.1 (16.8), growth 25%
- Product sales MEUR 11.6 (8.3), growth 39%
- Operating result MEUR -1.4 (-2.0)
- Operating result as percentage of net sales -7 (-12)%
- Earnings per share EUR -0.02 (-0.03) EUR
- Operative cash flow MEUR -0.9 (-0.2)
CEO ILKKA HIIDENHEIMO
During the third quarter of the year 2011, StoneGate product sales grew by 63%and net sales by 43%. We are very pleased with this strong growth and with the
fact that we have been able to grow our market share in spite of the generally
insecure economic situation. We will continue to invest in customer acquisition
and sales promotion. The strong interest in the company and its solutions has
been seen for example in the continuous growth of the number of meeting requests
as well as active participation at Stonesoft's stand at trade shows and customer
events.
The growth in the third quarter of the year is based on success in several
areas. Geographically the most successful areas were Europe, including Southern
European countries, and the United States, where in particular the sales to the
public sector grew strongly. With regard to the products, the sales of intrusion
prevention systems (IPS) grew significantly more than other sales, because
customers view the threat posed by advanced evasion techniques as even more
significant than before. Also our new flagship products StoneGate FW-5201 and
FW-5205 have been received successfully by telecom operators as well as in other
sectors. The new customers include internationally significant large enterprises
whose purchases are estimated to support Stonesoft's strong growth also in the
future.
After the reporting period Stonesoft delivered 163 new samples of advanced
evasion techniques to CERT-FI. In our tests the new evasion techniques have been
able to bypass all generally known security solutions on the market, which means
that companies' current network security solutions do not offer protection
against security breaches. We are the only company on the market with
comprehensive protection against known evasion techniques.
Competitors' security solutions based on inspection algorithms embedded in
special circuits are not capable of offering protection against new, rapidly
evolving threats. Special circuits are a nonfunctional solution in this security
paradigm shift, because changes to them can only be made by changing the whole
appliance base, which may have a remarkable effect in terms of costs and
resources. This provides Stonesoft's software based solution a significant
competitive advantage.
As a result of the recent security breaches, authorities are preparing new
corporate governance requirements and laws. For example, the United States
Securities and Exchange Commission (SEC) proposes that public companies must
report about occurred security breaches. In addition, there is a law under
preparation in the US that requires companies to test their IT solutions
annually against security breaches and intrusions under penalty of a fine.
Companies must re-evaluate their security level and top management must
acknowledge the growing importance of security strategy as part of risk
management. The responsibility cannot be left with the IT management alone, but
the top management and even corporate boards need to familiarize themselves with
the subject and review the company's risk profile.
The above-mentioned factors strengthen our view about the necessity of dynamic
security and we see the possibility of strong organic growth in the future.
NET SALES AND RESULT
July-September 2011 (hereinafter 'reporting period')
The Group's net sales in the fiscal period were MEUR 8.0 (5.6). Increase
compared to the corresponding period in the previous year was MEUR 2.4, or 43%.
The operating result (EBIT) was MEUR +0.2 (-0.6) and the result after taxes was
MEUR +0.2 (-0.4).
Product sales were MEUR 4.7 (2.9), growth by 63% compared to the corresponding
quarter in the previous year.
The geographical distribution of net sales was as follows: Europe 52 (55)%,
Emerging Markets (Russia, North Africa and Middle East) 23 (17)%, Americas
(North and South America) 22 (20)% and APAC (Asia-Pacific) 3 (8)%.
January-September 2011 (hereinafter 'fiscal period')
The Group's net sales in the fiscal period were MEUR 21.1 (16.8). Increase
compared to the corresponding period in the previous year was MEUR 4.2, or 25%.
The operating result (EBIT) was MEUR -1.4 (-2.0) and the result after taxes was
MEUR -1.3 (-1.8).
Product sales were MEUR 11.6 (8.3), growth by 39% compared to the corresponding
quarter in the previous year.
The geographical distribution of net sales was as follows: Europe 57 (60)%,
Emerging Markets (Russia, North Africa and Middle East) 24 (17)%, Americas
(North and South America) 16 (19)% and APAC (Asia-Pacific) 3 (4)%.
FINANCE AND INVESTMENTS
At the end of the fiscal period, the Group's total assets were MEUR 18.5 (17.9).
The equity ratio was 41 (60)% and gearing (the ratio of net debt to
shareholders' equity) was -2.08 (-1.96).
The comparable cash flow during the fiscal period was MEUR -0.9 (-0.2). The
Group has no interest-bearing debt. The consolidated liquid assets at the end of
the fiscal period totalled MEUR 7.1 (10.5).
Investments in tangible and intangible assets totalled MEUR 0.5 (0.4).
DEVELOPMENT OF BUSINESS OPERATIONS
Main business events in the fiscal period
In August Stonesoft encouraged organizations to re-evaluate their existing risk
management and security architecture. Several security breaches and threats that
have raised discussion lately have changed the security landscape permanently
and acted as wake-up calls also in the strategic aspect.
In August Stonesoft announced it has signed a cooperation agreement with ECCT, a
leading managed security services provider (MSSP). ECCT will deploy the
StoneGate IPS across 50 regional and community banks and credit unions by end of
year.
In August Stonesoft introduced the StoneGate FW-315 firewall/VPN appliance,
which has been designed for small networks and branch offices.
In August Stonesoft announced that Perket Technologies will begin to provide the
Anti-Evasion Readiness Test service to its customers.
In September, Stonesoft announced it has joined Secured by RSA ® Certified
Partner Program to allow the integration of StoneGate Firewall/VPN, IPS and SSL
VPN with the RSA enVision® platform.
In September, Stonesoft announced the new Stonesoft a2Cloud solution for
authentication and access management. The solution makes cloud services more
secure and easier to use with minimized TCA (Total Cost of Administration) and
TCO (Total Cost of Ownership).
We estimate the above-mentioned operations and achievements to strengthen the
company's competitiveness.
Main business events after the fiscal period
In October, Stonesoft announced its partnership with the University of Glamorgan
in United Kingdom to conduct research into AETs.
In October, Stonesoft announced the discovery that Advanced Evasion Techniques
are deliverable across the port-80, HTTP protocol, making them a very real and
credible threat to the security of organisations worldwide.
In October, Stonesoft announced that its StoneGate IPS device has performed well
in a network intrusion prevention systems (IPS) test conducted by ICSA Labs.
In October, Stonesoft announced it has delivered 163 new advanced evasion
technique (AET) samples for global vulnerability coordination. The new samples
include AETs over a number of various protocols, including IPv4, IPv6, TCP and
HTTP.
RESEARCH AND DEVELOPMENT
Stonesoft continued its strong investments in R&D. Investments during the fiscal
period totalled MEUR 4.4 (4.0). This represented 22 (24) % of operating
expenses.
R&D employed 79 (71) persons at the end of the fiscal period. Stonesoft has
booked 0.6 MEUR R&D funding from Tekes, the Finnish Funding Agency for
Technology and Innovation during the fiscal period.
SHARE CAPITAL AND STOCK OPTION PROGRAMS
Stonesoft has one class of shares and all shares have equal rights. At the end
of the fiscal period, the share capital recorded in the Trade Register was
1 150 574.64 Euros. The number of shares was 63 312 482. Stonesoft or its
daughter companies do not own their shares. There were no changes in the share
capital during the fiscal period.
Stock Option Programs
The company had one valid stock option program, Stock Option Program 2008-2014,
under which the subscription price is EUR 0.30 and the total number of stock
options to be granted based on this program is 3 000 000 at the maximum. The
subscription period of the shares is graded and will end for all stock options
on December 31, 2014.
During the fiscal period no subscriptions were made on the basis of the Stock
Option Program 2008-2014.
DEVELOPMENT OF SHARE PRICES AND TURNOVER
In the beginning of the fiscal period on January 3, 2011, the price of Stonesoft
share was EUR 0.58 (0.70). At the end of the fiscal period on 30 September 2011
the price was EUR 0.52 (0.59). The highest price was EUR 0.65 (1.19) and the
lowest EUR 0.41 (0.56). During the fiscal period the total turnover of Stonesoft
shares amounted to MEUR 5.2 (19.5) and 9.3 (22.0) million shares, which is 14.6
(34.9)% of the total amount of the shares. Based on the share price at the end
of the fiscal period, Stonesoft's market value was MEUR 32.9 (37.3).
The company gave no notices in change of ownership during the fiscal period.
Stonesoft evaluates possibility to establish an ADR (American Depository
Receipt) program to be traded in the OTC-markets in the USA.
ACQUISITIONS AND CHANGES IN GROUP STRUCTURE
No acquisitions were made during the fiscal period. There were no changes in the
Group structure.
PERSONNEL
At the end of the reporting period, the Group's personnel totalled 212 (195).
AUTHORIZATIONS OF THE BOARD OF DIRECTORS
The AGM decided on 13.4.2011 to authorize the Board of Directors of the company
to decide about one or more share issues as well as the issuance of option and
other special rights so that the total number of new shares may be 12 600 000 at
the maximum.
Based on the authorization the Board of Directors may decide on issuance of
shares to the shareholders according to the shareholders' pre-emptive
subscription rights as well as in a directed issuance of shares or stock options
or other special rights in deviation from the shareholders' pre-emptive
subscription rights in case the deviation is justified by a weighty financial
reason for the company, such as financing of an acquisition, other arrangement
concerning the business of the company or development of its capital structure,
or incentive to the company's personnel.
The Board of Directors was authorized to decide on other terms and conditions
related to the share issues and to the issuance of option or other special
rights.
The authorization is in force until the end of the 2012 AGM.
The Board of Directors is not authorized to purchase the company's own shares.
SHORT-TERM RISKS AND BUSINESS UNCERTAINTIES
During the fiscal year 2011, 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. In addition, the
recent political restlessness in North Africa and Middle East may have a
negative impact on the company's business operations in these markets. Also
insecurities related to public economies in the United States as well as in the
European Union may have a negative effect on the public sector projects in these
areas. A further scenario is that the Southern European crisis will spread to
cover the whole of Europe or become a global financing and bank crisis, in which
case it can be assumed that it would have a negative impact on Stonesoft's
growth and profitability.
The company has no risks related to the order book, because it normally can
process incoming orders within a couple of work days.
Stonesoft's risk management and its principles are discussed more extensively at
the company website and in the Annual Report 2010.
FUTURE OUTLOOK
According to the research company Infonetics, the enterprise network equipment
and software market is estimated to grow by 4% during 2011.
Stonesoft's products meet the new security challenges brought by cloud services,
virtualization and outsourcing of security.
Advanced Evasion Techniques
In 2010 Stonesoft announced it had discovered a new network security threat
category, Advanced Evasion Techniques (AETs).
We have continued to deliver additional findings to CERT-FI, who is in charge of
international vulnerability coordination. So far we have published hundreds of
samples, and we believe the number of advanced evasion techniques is practically
unlimited.
Due to incorrect technology choices, many competitors seem to have great
difficulties in amending their solutions to provide protection against AETs.
Leading research institutes such as Gartner have confirmed that the best
protection against the threat posed by new, advanced evasion techniques is
provided by flexible, software based systems. Compared with the solutions
provided by most leading network security vendors such as Cisco, Juniper and
Fortinet, Stonesoft's software based systems are capable of detecting advanced
evasion techniques. The threat posed by advanced evasion techniques does not
concern only intrusion prevention system (IPS) appliances, but also UTM (Unified
Threat Management) and next generation firewall appliances.
The above mentioned issues have opened new business opportunities for Stonesoft
and had a strong impact on the growth of the company's IPS sales. The improved
awareness of the threat posed by advanced evasion techniques has brought the
company new customers and made contacting target customers significantly
easier.
Based on Stonesoft's view, these issues will have a positive impact on the
company's net sales and profitability and will strengthen its competitiveness
and market position as the general understanding and knowledge about advanced
evasions techniques grow. In 2011, Stonesoft aims for faster-than-market growth
of net sales and improved profitability.
With regard to the development of the turnover and the operating result,
variation is expected between the quarters in comparison to the corresponding
quarter during the previous year as well as to the previous quarter as a
consequence of, among others, long sales cycles and the relatively big impact of
individual deals on the development of net sales and operating result.
SUMMARY OF FINANCIAL STATEMENTS AND NOTES JANUARY 1 - SEPTEMBER 30, 2011
Basis of preparation
The Interim Reporthas been prepared in accordance with the IAS 34 Interim
Reports standard.
The company has adopted certain new or revised IFRS standards and IFRIC
interpretations at the beginning of the financial period as described in the
Financial Statements for 2010. However, the adoption of these new and amended
standards has not yet had an effect on the reported figures in practice. In
other respects, the same accounting policies have been followed as in the
Financial Statements for 2010. Key indicator calculations remain unchanged.
The figures presented in this release are unaudited.
Stonesoft Group
Income Statement 7-9/2011 7-9/2010 1-9/2011 1-9/2010 1-12/2010
(1000 Euros)
Net sales 8 050 5 616 21 065 16 832 24 341
Other operating income 226 160 624 620 847
Materials and services -1 353 -885 -3 294 -2 330 -3 640
Personnel expenses -4 029 -3 306 -12 067 -10 646 -14 744
Depreciation -116 -110 -364 -325 -437
Other operating expenses -2 589 -2 036 -7 352 -6 147 -9 052
Operating result 188 -561 -1 388 -1 997 -2 685
Financial income and expenses 25 151 261 323 217
Result before taxes 213 -410 -1 127 -1 674 -2 468
Taxes -60 -38 -154 -110 -221
Result for the accounting period 152 -448 -1 281 -1 784 -2 689
Other comprehensive income
Exchange differences on
translating foreign operations 6 -41 -10 -15 -15
Total other comprehensive income 6 -41 -10 -15 -15
Total comprehensive income 158 -489 -1 291 -1 799 -2 704
Basic earnings per share (EUR),
continuing operations 0,00 -0,01 -0,02 -0,03 -0,04
Diluted earnings per share (EUR),
continuing operations 0,00 -0,01 -0,02 -0,03 -0,04
Stonesoft Group
Balance Sheet (1000 Euros) 30.9.2011 30.9.2010 31.12.2010
ASSETS
Non-current assets
Tangible assets 725 624 649
Intangible assets 184 117 112
Other investments 10 10 10
Total 919 751 771
Current assets
Inventories 1 525 1 038 953
Trade and other receivables 8 920 5 475 10 106
Prepayments 74 77 69
Marketable securities 0 9 313 0
Cash and cash equivalents 7 075 1 231 8 016
Total 17 594 17 134 19 144
Total assets 18 513 17 885 19 915
EQUITY AND LIABILITIES
Equity attributable to equity holders of the
parent company
Share capital 1 151 1 148 1 151
Issue of shares 0 2 0
Share premium account 76 602 76 533 76 603
Conversion differences -961 -951 -951
Reserve for invested unrestricted equity fund 4 679 4 739 4 751
Retained earnings -78 066 -76 084 -76 986
Total 3 405 5 386 4 567
Long-term liabilities
Prepayments *) 2 979 2 568 2 976
Total 2 979 2 568 2 976
Short-term liabilities
Trade and other payables 4 746 3 443 4 571
Prepayments *) 7 195 6 362 7 687
Tax liability 116 68 76
Provisions 74 56 37
Total 12 130 9 930 12 372
Total liabilities 15 109 12 499 15 348
Total equity and liabilities 18 513 17 885 19 915
*) Prepayments contain customers advance
payment of support and maintenance contracts 10 173 8 931 10 663
Stonesoft
Group
Statement of
changes in
equity
(1000 Euros)
Reserve
Issue for invested
Share of Share Conversion unrestricted Retained
capital shares premium differences equity fund earnings Total
Shareholders'
equity at
1.1.2010 1 146 0 76 821 -936 0 -74 346 2 685
Comprehensive -1
income 0 0 0 -15 0 -1 784 799
Reserve for
invested
unrestricted
equity fund
reduction 0 0 0 0 0 0 0
Share premium
termination 0 0 -338 0 338 0 0
Directed share
issue 0 0 0 0 4 560 0 4 560
Transaction
costs from
equity 0 0 -1 0 -172 0 -173
Stock options
exercised 2 2 51 0 13 0 68
Stock option
expenses 0 0 0 0 0 46 46
Shareholders'
equity at
30.9.2010 1 148 2 76 533 -951 4 739 -76 084 5 386
Reserve
Issue for invested
Share of Share Conversion unrestricted Retained
capital shares premium differences equity fund earnings Total
Shareholders'
equity at
1.1.2011 1 151 0 76 603 -951 4 751 -76 986 4 567
Comprehensive -1
income 0 0 0 -10 0 -1 281 291
Reserve for
invested
unrestricted
equity fund
reduction 0 0 0 0 -71 71 0
Share premium
termination 0 0 0 0 0 0 0
Directed share
issue 0 0 0 0 0 0 0
Transaction
costs from
equity 0 0 0 0 0 0 -1
Stock options
exercised 0 0 0 0 0 0 0
Stock option
expenses 0 0 0 0 0 129 129
Shareholders'
equity at
30.9.2011 1 151 0 76 602 -961 4 679 -78 066 3 405
Stonesoft Group
Cash flow statement (1000 Euros) 1.1.-30.9.2011 1.1.-30.9.2010 1.1.-31.12.2010
Cash flow from operating
activities
Operating Result -1 388 -1 997 -2 685
Adjustments
Non-cash transactions -6 -116 58
Financial expenses -89 -71 -96
Financial incomes 351 308 464
Change in net working capital 841 2 198 481
Taxes paid -135 -81 -221
Total cash flow from operating
activities -427 241 -1 999
Cash flow from investing
activities
Investments in tangible assets -382 -413 -537
Investments in intangible
assets -130 -22 -30
Total cash flow investing
activities -512 -434 -566
Cash flow from financing
activities
Proceeds from issue of share
capital 0 4 391 4 391
Stock options exercised -1 64 146
Payments of financial leasing
liabilities 0 0 0
Total cash flow from financing
activities -1 4 455 4 537
Change in cash and cash
equivalents
Cash and cash equivalents at
beginning of period 8 016 6 210 6 210
Conversion differences -1 29 -17
Changes in the market value of
investments 0 43 -148
Total cash and cash equivalents at
end of period *) 7 075 10 544 8 016
*) Total cash and cash equivalents
at end of the period
contains pledged securities 467 498 477
Stonesoft Group
Geographical segments 1.1.-30.9.2011 1.1.-30.9.2010 1.1.-31.12.2010
(1000 Euros)
Net sales
Europe 11 881 10 079 14 599
Emerging Markets 5 140 2 792 4 255
Americas 3 418 3 223 4 525
APAC 626 738 961
Total net sales 21 065 16 832 24 341
Operating profit
Europe -137 -542 -661
Emerging Markets -383 -56 -169
Americas -596 -1 152 -1 479
APAC -272 -247 -375
Total operating profit -1 388 -1 997 -2 685
Stonesoft Group
Contingent liabilities 1.1.-30.9.2011 1.1.-30.9.2010 1.1.-31.12.2010
(1000 Euros)
Contingent off-balance sheet
Non-cancellable other leases 1 795 2 234 2 327
Contingent liabilities for the
Company 183 70 94
Stonesoft Group
Quarterly development Q3 / Q2 / Q1 / Q4 / Q3 / Q2 / Q1 /
(Euro Millions) 2011 2011 2011 2010 2010 2010 2010 2010
Software 0,4 0,4 0,4 0,5 0,4 0,3 0,3 1,5
Security appliances 4,2 2,9 3,2 3,9 2,5 1,9 2,9 11,2
Services 3,3 3,2 3,0 3,1 2,8 2,8 2,8 11,6
Other products 0,1 0,0 -0,1 0,0 -0,1 0,1 0,1 0,0
Net sales continuing operations 8,0 6,5 6,5 7,5 5,6 5,1 6,2 24,3
Change-% from previous year 43 29 6 15 -6 -16 21 3
Sales margin 6,7 5,6 5,4 6,2 4,7 4,4 5,3 20,7
Sales margin % 83 87 83 83 84 88 86 85
Operative expenses 6,7 6,7 6,4 7,1 5,4 5,9 5,7 24,2
Operating profit (EBITA) 0,2 -0,7 -0,8 -0,7 -0,6 -1,2 -0,2 -2,7
% of net sales 2 -12 -13 -9 -10 -25 -3 -11
Result before taxes 0,2 -0,7 -0,6 -0,8 -0,4 -1,2 0,0 -2,5
% of net sales 3 -11 -10 -11 -7 -24 -1 -10
Stonesoft Group
Key ratios 1.1.-30.9.2011 1.1.-30.9.2010 1.1.-31.12.2010
(1000 Euros)
Net sales 21 065 16 832 24 341
Net sales change-% 25 -1 3
Operating result -1 388 -1 997 -2 685
% of net sales -7 -12 -11
Operating result before taxes -1 127 -1 674 -2 468
% of net sales -5 -10 -10
ROE - %, annualized -43 -59 -74
ROI - %, annualized -34 -52 -65
Equity ratio-% 41 60 49
Net gearing -2,08 -1,96 -1,75
Total Assets 18 513 17 885 19 915
Capital expenditure 512 434 566
Capital disposals 0 0 0
R&D costs 4 405 4 041 5 639
% of net sales 21 24 23
Number of employees (weighted
average) 202 188 191
Number of employees (end of the
period) 212 195 201
Share Specific Ratios
Earnings per share -0,02 -0,03 -0,04
Equity per share 0,05 0,08 0,07
Dividend 0,00 0,00 0,00
Dividend per share (EUR) 0,00 0,00 0,00
Dividend / Profit-% 0 0 0
Calculation of indicators
(Profit before taxes - income
Return on equity (ROE) % = taxes) x 100 /
Shareholders' equity + minority
interest (average)
(Profit before extraordinary
Return on invested capital items+interest and other financial
(ROI)% = expenses) x100 /
Balance sheet total - non-interest
bearing debt (average)
(Equity + minority interest) x
Equity ratio % = 100 /
Balance sheet total - advances
received
Interest bearing net debt - cash
in hand and on deposit -
Net gearing = marketable securities /
Equity + minority interest
Profit before taxes - minority
Earning per share (EPS) = interest - income taxes /
Average number of shares adjusted
for dilutive effect of options
Equity per share = Equity /
Number of shares at end of period
FORWARD-LOOKING STATEMENTS
This report contains statements concerning, among other things, Stonesoft's
financial condition and the results of operations that are forward-looking in
nature. Such statements are not historical facts, but rather represent
Stonesoft's future expectations. The company believes that the expectations
reflected in these forward-looking statements are based on reasonable
assumptions. However, these forward-looking statements involve inherent risks
and uncertainties, which could cause actual results or outcomes to differ
materially from those anticipated in the statements. These risks and
uncertainties may include, among other things, (1) changes in our market
position or in the Firewall/VPN and Intrusion detection and protection market in
general; (2) the effects of competition; (3) the success, financial condition,
and performance of our collaboration partners, suppliers and customers;(4) our
ability to source quality components without interruption and at acceptable
prices;(5) our ability to recruit, retain and develop appropriately skilled
employees;(6) exchange rate fluctuations, including, in particular, fluctuations
between the Euro, which is our reporting currency, and the US dollar;(7) other
factors related to sale of products, economic situation, business, competition
or legislation affecting the business of Stonesoft or the industry in general
and (8) our ability to control the variety of factors affecting our ability to
reach our targets and give accurate forecasts.
PRESS CONFERENCE
A press conference for analysts and the media will be held on 21 October, 2011
at 10.30 am at the Stonesoft headquarters, street address Itälahdenkatu 22 A,
00210 Helsinki.
For additional information, please contact:
Ilkka Hiidenheimo, CEO, Stonesoft Corporation
Tel. +358 9 476 711
E-mail: ilkka.hiidenheimo@stonesoft.com
Mikael Nyberg, CFO, Stonesoft Corporation
Tel. +358 9 476 711
E-mail: mikael.nyberg@stonesoft.com
Stonesoft Corporation
Ilkka Hiidenheimo
CEO
This stock exchange release and the presentation material related to this report
are also available at the Stonesoft web site www.stonesoft.com.
Distribution:
NASDAQ OMX Helsinki Ltd
www.stonesoft.com
[HUG#1556698]
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