Internet Security - F-Secure

F-Secure continues solid and profitable growth

Revenues and operating result in record figures

Oct 24, 2006

F-Secure continues its solid and profitable growth. During the first nine months, revenues grew 34% to 58,6 million EUR and operating result to 82% at 9,6 million EUR. During the third quarter the company’s revenues grew 28% and increased to an unprecedented 20 million EURO level while at the same time operating result increased to 3,8 million EUR. US-based publication Baseline listed F-Secure among the fifty fastest growing software companies in the world.

F-Secure’s core business operation, security as a service has developed solidly and the company had signed 14 cooperation agreements by the fourth quarter including KPN in Holland, VSNL in India, Multikabel in Holland as well as with Arcor in Germany. Internet Service provider partners can now be found in 33 different countries and presently number 125. F-Secure’s market share in the European Internet Service Provider broadband market is now at 36% while in Europe and North America its share is totally 25%. F-Secure’s unique service platforms respond to changing buying behaviour in which security is bough preferably as a service.

Recently F-Secure made public its consumer-focused F-Secure Internet Security 2007 product which contains all necessary security functionality for computer usage. At the time of the product’s announcement, the company also introduced its real time zero-day protection feature against unknown malware, F-Secure DeepGuard™.

The corporation’s products received high ratings in product reviews in the United States. A web page entitled Consumer Reports ranked F-Secure’s Anti-Spyware the best program out of a group of 12. Scot’s Newsletter ranked F-Secure Anti-Virus 2006 as the year’s best anti-virus product.

In mobile markets, sales of enterprises licenses grew favourably. Open operating system-targeted mobile malware has now exceeded the 300 figure.

F-Secure strengthened its position in Asia by opening its Malaysian technology centre which hosts a data security laboratory as well as research and product development, technical support and sales. The corporation is able to offer its Asian clients the same services as local data security companies.

"We have grown the last thirteen consecutive quarters faster than our stock exchange listed competitors and achieved a leading market share globally at the heart of the operator market," said F-Secure’s CEO, Risto Siilasmaa. "F-Secure is now in a good position to meet its most significant future challenges to which we now go together with our new CEO, Kimmo Alkio as I shift to the position of Chairman of the Board."

The last interim report of 2006 will be published on January 30, 2007. The audited closing of the accounts will be published on February 15 and the annual report published on March 12, 2007. The Annual General Meeting will be held on 20.3.2007

The interim reports of 2007 will be made public on 24.4 (Q1), 31.7. (Q2) and 24.10, (Q3). On those days, a public press release will be sent at 9 o’clock Finnish time to the Helsinki Exchanges while a meeting for the press and analysts will be held at 11 o’c lock Finnish time in Helsinki. An international phone conference will also be arranged in the afternoon. More detailed information will be announced on the corporation’s public website.

For more information, please contact:

F-Secure Corporation
Risto Siilasmaa, CEO, tel. (09) 2520 5510
Taneli Virtanen, CFO, tel. (09) 2520 5655
Jukka Kotovirta, Investor Relations, tel. 040 588 3933