Cyber Security 1 Ab: Q3 Report

 
TIDMCYB1 
 
 
   CYBER 1 records EUR45.53m in year to date revenue, surpassing 2018 
annual revenue figure with largest quarter still to close 
 
   London United Kingdom -- 31 October 2019, Cyber Security 1 AB (publ) 
("CYBER1"), (Nasdaq:CYB1, OTCQX:CYBNY), a leading supplier of cyber 
security solutions with operations in Europe, Africa and the Middle East, 
announces today its Third Quarter Report for 2019. 
 
   HIGHLIGHTS 
 
 
   -- Q3 2019 year to date revenues were 92.7% higher than Q3 year to date 
      revenues in 2018, at 44.53m EUR vs. 23.11m EUR. 
 
   -- Q3 2019 revenue of 11.4m EUR, compared to 14.04m EUR closed in Q3 2018. 
      Q3 2018 revenue included a three-year deal recorded for that period. 
 
   -- Credence Security Middle East & India increased revenue by 20.64%, from 
      2.18m EUR in Q3 2018, to 2.63m EUR in Q3 2019. 
 
   -- Cognosec Kenya increased revenue by 12% (41k EUR), from 342k EUR in Q3 
      2018, to 383k EUR closed in Q3 2019. 
 
   -- Group Q3 2019 EBITDA of -688k EUR, compared to 566k EUR in Q3 of 2018. 
      The CYBER 1 Group continues to look at commercial collaboration between 
      clients and vendors, to ensure the best possible margins are met by 
      engaging with our newly acquired clients in 2019 for further partnerships 
      and solution delivery. 
 
   -- CYBER 1 announced a new multi-year partnership with Armada Maritime, to 
      extend our industry specific cyber security offerings together in Greece 
      and Cyprus; with CYBER 1 continuing to deliver strong results for Formula 
      1 and its other enterprise customers and prospects. 
 
 
   Nick Viney, Group CEO of CYBER1 commented on the Third Quarter Results 
for 2019: 
 
   "As we build into the critical time of the year for CYBER 1, it gives me 
great pleasure to present the third quarter report to our shareholders 
and the wider investor community. During the quarter, we reached a 
milestone of surpassing our 2018 total revenue figure (43.95m EUR), 
recording 45.53m EUR in 2019 with three months still to close. Specific 
mention must go to a number of subsidiaries, who have demonstrated an 
impressive performance this quarter. Our professional service offering 
in the middle east (Cognosec Dubai), has grown year over year by 73.7%, 
highlighting our important complementary provision to the wide range of 
vendor relationships we provide in the region. In Africa, we continue to 
acquire fantastic new clients and partnerships, as well as further 
entrenching our European presence with our latest acquisitions in Turkey 
and Greece." 
 
   The report can be found on our Financial Report section of the website 
https://www.globenewswire.com/Tracker?data=ByzC9sAeMHVEuOM3KXI6vUcbgEAg09DAYrQ3K6VF-4dnCsTxhngG6qoLtxtBo6H48MznGWge4N4w6aHzVGlY9A== 
here. 
 
   Certified Advisor 
 
   Mangold Fondkommission AB is the Company's Certified Adviser. 
 
   Telephone: [phone] 
 
   E-mail: [e-mail] 
 
   FOR FURTHER INFORMATION, PLEASE CONTACT: 
 
   Tim Metcalfe / Zach Cohen 
 
   Investor Relations contact, CYBER1 
 
   Email: [e-mail] 
 
   This information is information that CYBER1 is obliged to make public, 
pursuant to the EU Market Abuse Regulation. The information was 
submitted for publication, through the agency of the contact person set 
out above, on 31.10.2019 at 13:30 CET. 
 
   ABOUT CYBER1 
 
   CYBER1 is engaged in providing cyber resilience solutions and conducts 
its operations through physical presences in Sweden, South Africa, the 
UK, Kenya, Germany, Austria, Turkey, Greece, Italy, the Ukraine and the 
United Arab Emirates. Listed on Nasdaq First North Growth Market 
(Nasdaq: CYB1.ST, and as an American Depositary Receipt (OTCQX: CYBNY), 
the Group delivers services and technology licenses to enhance clients' 
protections against unwanted intrusions, to provide and enhance cyber 
resilience and to prevent various forms of information theft. CYBER1 had 
revenues of 43.95m EUR in 2018. For further information, please visit 
https://www.globenewswire.com/Tracker?data=2zhpaH0bbG6BQAyhxvExBwrxnb96FXIosJmx9lKyllQK8Y9naPMt5YfGRmsSJxRzwFr2wiyFzIN6NczlKHSZE58fTeiq_VM9UNHV6kckSGY= 
www.cyber1.com/investors 
 
   For further information please visit: 
https://www.globenewswire.com/Tracker?data=2zhpaH0bbG6BQAyhxvExByeRgEaN52MxfMYNe7L_-Q40ScL0_Pm7zuinUBDbNImlgxFSVhXwwpSYJIwQRk2JMQ== 
www.cyber1.com 
 
   For all company filings and reports, please visit : 
https://www.globenewswire.com/Tracker?data=uxirvyd_ukPxJD8SZIyyiux7e0xx4b0J3d1rS__QTdQU9LlXDgtHTPK0nT1x6gfhlHH6MN3mFLYBBIhxspBaNZUtT7-BTMyOC339DMTxUmQ6mmG7qnJrIHxJHPq8iGVXwboDGiEYuWyR-GWQcpV91_6Cl-y7Bx1qbtbB3jjLVzU= 
https://cyber1.com/cyber1-investor-information/ 
 
   Attachment 
 
 
   -- CYBER1 Q3 2019 Interim Report 
      https://ml-eu.globenewswire.com/Resource/Download/25f27678-6443-46b8-bf9d-ec40dd5d5a7a 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

October 31, 2019 08:30 ET (12:30 GMT)

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