F-Secure publishes certain quarterly illustrative combined key figures related to the acquisition of Lookout consumer business unit

F-Secure publishes certain quarterly illustrative combined key figures related to the acquisition of Lookout consumer business unit

F-Secure completed the acquisition of the mobile consumer security business of Lookout Inc. on 1 June 2023, and the acquired business was consolidated to F-Secure as of 1 June 2023. To illustrate the impact of the acquisition and to facilitate the comparability of F-Secure financial information, F-Secure publishes certain unaudited illustrative combined key figures for the second half of 2022 and for the two first quarters in 2023 as follows:

Corresponding half-yearly financial information for the periods ended 30 June 2023 and 30 June 2022 and full year 2022 were published in connection with Half Year Financial report as at July 20, 2023.

Basis of presentation of certain illustrative combined key figures

Certain illustrative key figures address a hypothetical situation as if the acquisition had been completed on 1 January 2022. Therefore, it is not necessarily indicative of what F-Secure’s historical financial performance actually would have been had the acquisition been completed as of the date indicated and does not purport to project the operating results of F-Secure as of any future date.

For the purposes of preparing the combined figures, F-Secure has combined the historical financial information of F-Secure and historical carve-out financial information of Lookout consumer business and included adjustments attributable to accounting policy alignments between F-Secure’s accounting policies and US GAAP accounting principles applied by Lookout and excluded the impact of the fair value adjustments on the figures as applicable.

The illustrative key figures do not reflect any cost savings, synergy benefits or integration costs that are expected to be generated after the acquisition.

More information on the basis of preparation of the certain illustrative key figures can be found from the Half Year Financial report as at July 20, 2023 under the heading Impact of the Lookout acquisition on F-Secure's illustrative combined key figures.

Lookout consumer business unit’s financial information included in the combined key figures above have been converted to EUR using the average exchange rate for the period 1 July to 30 September 2022 of EUR/USD 1.0195, 1 October to 31 December 2022 of EUR/USD 1.0013, 1 January to 31 March 2023 of EUR/USD 1.0706 and 1 April to 30 June 2023 of EUR/USD 1.0846. The figures have been rounded.

For further information, please contact:

Sari Somerkallio, Chief Financial Officer
tel. +358 40 3569251
[email protected]

F-Secure in brief
F-Secure is Finland headquartered and globally operating consumer cyber security company. F-Secure offers award-winning security and privacy products and services that make every digital moment more secure, for everyone. F-Secure operates in over 100 countries, has ~200 Service Provider partners and is the global leader providing security through Communication Service Providers. F-Secure Corporation is listed on Nasdaq Helsinki Ltd. Read more: www.f-secure.com.