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SSH Communications Security Corporation: PRESS RELEASE: NIKLAS NORDSTRÖM APPOINTED DEPUTY CEO OF SSH
NIKLAS NORDSTRÖM APPOINTED DEPUTY CEO OF SSH
Niklas Nordström (LL.M), 42, has been appointed Deputy CEO of SSH Communications Security Corporation, and he will assume business responsibility of SSH s encryption business, including the NQX product line and the recently acquired Deltagon portfolio.
Niklas continues as group CFO and a member of the executive management team of which he has been a member since 2018.
The CEO of SSH, Dr. Teemu Tunkelo, comments: We are pleased to have Niklas driving one of our most important business lines forward. Niklas is a great fit for the role with his business-oriented mindset, analytical approach, and ability to drive complex initiatives across the finish.
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SSH is pleased to invite investors, analysts, bankers, and media to an investor call on Tuesday, May 4, 2021, at 15:00 EET.
In the call, SSH will provide an update about the impact of the Deltagon acquisition on SSH business, including Deltagon proforma financials for Q1/2021. We will also focus on the synergies between Deltagon and SSH business and the strategic path to optimize the synergies.
The presentation will include an update on the NQX business as well.
The call will be held by SSH CFO and director of encryption business Niklas Nordström.
The presentation materials from the call will be made available on the SSH website) shortly after the event.
SSH Communications Security Corporation: SSH COMMUNICATIONS SECURITY CORPORATION INTERIM REPORT JANUARY 1 - MARCH 31, 2021
SSH COMMUNICATIONS SECURITY CORPORATION INTERIM REPORT JANUARY 1 - MARCH 31, 2021
NET 202
1: Net sales decreased 14.6 % compared to the previous year. Planned growth investments impacted the EBITDA negatively.
Net sales totaled EUR 2.6 million (1-3/2020: EUR 3.1 million)
EBITDA was EUR -0.9 million (EUR -0.1 million)
Operating loss was EUR -1.4 million (EUR -0.6 million)
Loss for the period was EUR -1.5 million (EUR -0.4 million)
Earnings per share was EUR -0.05 (EUR -0.02)
Operating cash flow was EUR 0.0 million (EUR 1.2 million), and our cash position remained stable. Equity ratio remained good at 60.6 % (77.7 %). Liquid assets at year-end were EUR 7.5 million (EUR 11.7 million).