Northern Data Group provides 2023 reporting update & reaffirms 2024 guidance

EQS-News: Northern Data AG / Key word(s): Annual Report/Forecast
Northern Data Group provides 2023 reporting update & reaffirms 2024 guidance

28.06.2024 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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PRESS RELEASE / IR NEWS

Northern Data Group provides 2023 reporting update & reaffirms 2024 guidance

Frankfurt/Main - 28 June 2024 - Northern Data Group (Ticker symbol German
stock market: NB2, ISIN: DE000A0SMU87), a leading provider of
High-Performance Computing (HPC) solutions, is pleased to confirm that it
will publish its 2023 audited financial results on 12th July 2024.

It is anticipated that the 2023 results will be at the higher end of the
provided guidance of revenue of EUR 65 million to EUR 75 million and
Adjusted EBITDA1) of EUR -20 million to -5 million.

The Group also reconfirms guidance for 2024, expecting revenue of EUR 200
million to EUR 240 million in fiscal year 2024, more than triple its revenue
for fiscal year 2023; with the expected annualized exit run rate in 2024,
supporting Company expectations of revenues of EUR 520 million to EUR 570
million in full-year 2025.

Following the release of the Group's audited results, the date for the 2023
Annual General Meeting will be announced.

1) Adjusted EBITDA corresponds to EBITDA adjusted for non-cash and
non-recurring items, which currently include (i) stock option plan expenses,
(ii) lawsuits and other one-off legal fees, (iii) systems implementation,
(iv) trading losses/gains from cryptocurrency, (v) restructuring costs, (vi)
impairment losses related to third party bankruptcy and (vii) investment
banking fees.

About Northern Data Group:

Northern Data Group (ETR: NB2) is a leading provider of High-Performance
Computing (HPC) solutions to businesses and research institutions, utilizing
GPU- and ASIC-based solutions. Our flexible compute power fuels innovation
in our three core business platforms: Taiga Cloud, Ardent Data Centers, and
Peak Mining. Through our HPC solutions, we pioneer ambitious computing
innovation that drives progress in the AI, ML and Generative AI industries.
Our close collaboration with industry-leading manufacturers including
Gigabyte, AMD, and NVIDIA is fundamental to the acceleration of innovation
across sectors including life sciences, financial services, and energy.

Investor Relations:

Jens-Philipp Briemle
Head of Investor Relations
An der Welle 3
60322 Frankfurt am Main
E-Mail: jens-philipp.briemle@northerndata.de
Telefon: +49 171 557 6989

Media enquiries:

Hawthorn Advisors
Email: northerndata@hawthornadvisors.com

Disclaimer:

This IR release contains forward-looking statements. These statements are
based on the current views, expectations, assumptions and information of the
management, and are based on information currently available to the
management. Forward-looking statements shall not be construed as a promise
for the materialisation of future results and developments and involve known
and unknown risks and uncertainties. Actual results, performance or events
may differ materially from those described in such statements due to, among
other things, changes in the general economic and competitive environment,
risks associated with capital markets, currency exchange rate fluctuations,
changes in international and national laws and regulations, in particular
with respect to tax laws and regulations, affecting the Company, and other
factors. Neither the Company nor any of its affiliates assumes any
obligations to update any forward-looking statements.


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28.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        Northern Data AG
                   An der Welle 3
                   60322 Frankfurt/Main
                   Germany
   Phone:          +49 69 34 87 52 25
   E-mail:         info@northerndata.de
   Internet:       www.northerndata.de
   ISIN:           DE000A0SMU87
   WKN:            A0SMU8
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf,
                   Frankfurt, Hamburg, Hanover, Munich (m:access),
                   Stuttgart, Tradegate Exchange
   EQS News ID:    1933819

End of News EQS News Service
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1933819 28.06.2024 CET/CEST