Northern Data Group Releases 2022 Financial Figures and Confirms Future Targets

Northern Data AG, a significant player in the high-performance computing sector, disclosed its audited financial results for 2022. The Frankfurt/Main-based company confirmed its financial outlook for 2023 and 2024, sticking to its revenue and EBITDA forecasts previously announced. For 2023, it anticipates revenues to be within the range of EUR 65-75 million and an adjusted EBITDA between EUR -20 million and EUR -5 million. The projections for 2024 are more optimistic, with revenues expected to hit EUR 200-240 million and adjusted EBITDA forecasted to be between EUR 50 million and EUR 80 million.

Northern Data AG leverages its expertise across three key areas: Cloud Services, Data Center Infrastructure, and Digital Assets, aiming to diversify and strengthen its revenue streams. Further details of the financial results and a summary of the 2022 figures have been made available on the company's investor relations webpage.