F-Secure acquired Rommon Oy in November 2005 to strengthen its
network competence and offering to the ISP customer segment. The
Rommon technology is targeted for network security and anomaly
detection for the operators’ networks sold as F-Secure Network
Control.
Changes in the product strategy related to the Network Control
product cause a significant change in the earnings model used in
the impairment test. This results in a non-recurring impairment
loss of EUR 4.8m for the year 2006, impact on result is EUR 3.9m
negative. The difference is due to deferred tax liabilities.
However, F-Secure will aim to utilize the acquired technology and
competencies in its future products.
The impairment loss will be recognized on goodwill and
intangible assets. Original guidance given for Q4 revenues is
between €21-24m and costs below €17m. This non-recurring impairment
loss does not impact the company’s future growth nor profitability
outlook.
F-Secure Corporation
Kimmo Alkio
President & CEO
Additional information:
F-Secure Corporation
Kimmo Alkio, President and CEO
tel.358 9 2520 5550
Taneli Virtanen,
CFO
tel.358 9 2520 5655
Jukka Kotovirta, Investor Relations
tel.358 405 883 933
