Stonesoft Oyj : CLARIFICATIONS TO STONESOFT'S UPDATED STRATEGY: AIMING AT
RAPID GROWTH IN 2013-2014
Stonesoft Corporation Stock Exchange Release January 3, 2013 at 4:25 p.m.
CLARIFICATIONS TO STONESOFT'S UPDATED STRATEGY: AIMING AT RAPID GROWTH IN
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
Chief Executive Officer
For further information, please contact:
Ilkka Hiidenheimo; CEO, Stonesoft Corporation
Tel.+358 9 4767 11
NASDAQ OMX Helsinki Ltd
This announcement is distributed by Thomson Reuters on behalf of Thomson
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
information contained therein.
Source: Stonesoft Oyj via Thomson Reuters ONE
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