0GCB Cognosec Ab

 
TIDMCYB1 
 
 
   CYBER1 achieves a 267.7% year on year increase in revenue for H1 2019, 
of which 121% deriving from organic growth. Revenue results of 13.5m EUR 
for Q2 and 33.13m EUR for H1 2019. 
 
   London United Kingdom -- 12 August 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 publishes its First Half Report for 2019. 
 
   HIGHLIGHTS 
 
 
   -- Total revenue growth increased by 267.7%, from 9.01m EUR H1 2018, to 
      33.13m EUR H1 2019 
 
   -- Organic revenue (excluding 2018 acquisitions) increased by 121%, from 
      9.01m EUR H1 2018, to 19.91m EUR H1 2019. 
 
   -- Group Gross Margin increased 86.8%, from 3.71m EUR H1 2018, to 6.93m EUR 
      in H1 2019. 
 
   -- Group Gross Margin for H1 2019 was 21% (Q1 2018 Gross Margin: 41%), 
      underpinned by the integration of the Itway Turkey and Greece 
      acquisitions in the Product space, CYBER1 continues to harness cross 
      collaboration opportunities in those businesses. 
 
   -- Group H1 2019 loss of EBITDA -763k EUR, (H1 2018 EBITDA -1.9m EUR). Based 
      on continued harmonisation of operations and leveraging greater economies 
      of scale, whilst maintaining a steady headcount increase. 
 
   -- Credence Security Middle East and India increased revenue by 179%, from 
      2.11m EUR H1 2018, to 5.86m EUR H1 2019. 
 
   -- Cognosec SA increased annual revenue by 131%, (6.25m EUR) from 4.75m EUR 
      H1 2018, to 11.0m EUR H1 2019. 
 
 
   Nick Viney, Group CEO of CYBER1 commented on the First Half results for 
2019: 
 
   "The results for Q2/H1, build on the foundations of a strong start for 
2019. Our aim to realise 2019 as the best ever year for the company is 
achievable, both in terms of financial performance and greater alignment 
with our governance and structures. In doing so, this approach will 
ensure long-term shareholder value, with the fundamentals of a 
prosperous company in place to build and thrive into the future." 
 
   The report can be found on our Financial Report section of the website 
here 
https://www.globenewswire.com/Tracker?data=r5k6PD9LPP3UE7jR3RptnLU6bHuRI5lOUM8FiTxgYFWkuXrASdWfUwDk1-01VexjXPk2e-3vuHiAcDelh-UGwA== 
 
 
   Certified Adviser 
 
   Mangold Fondkommission AB is the Company's Certified Adviser. 
 
   Telephone: +46 (0)8 5030 1550 
 
   E-mail: info@mangold.se 
 
   FOR FURTHER INFORMATION, PLEASE CONTACT: 
 
   Tim Metcalfe / Miles Nolan 
 
   Investor Relations contact, CYBER1 
 
   Email: cyber1@investor-focus.co.uk 
 
   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 12.08.2019  at 16:20 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 (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 and employed 239 personnel at the end of Q1 2019. For 
further information, please visit www.cyber1.com/investors 
 
   For further information, please visit: https://cyber1.com 
 
   Attachment 
 
 
   -- CYBER1 H1 2019 Interim Report 
      https://ml-eu.globenewswire.com/Resource/Download/8f97dad4-4d3d-4081-8f78-6ff2d2c04513 
 
 
 
 
 

(END) Dow Jones Newswires

August 12, 2019 10:30 ET (14:30 GMT)

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