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Northern Data is fueling expectations – previously placed capital increase

Northern Data has placed new shares from a capital increase in a private placement. “The shares will be issued at EUR 58.30, which is slightly above the closing price on Friday, and will be taken over by the founding shareholders BlackMars Personal-Financial.com, the Apeiron Investment Group – Christian Angermayer’s family office – and other strategic financial investors,” the data center operator reported on Monday. 0.9 million new Northern Data shares were issued, with gross proceeds of more than 52 million euros.

Together with the announcement about the already completed share placement – a subscription right for shareholders had been excluded – the company is fueling growth expectations. In 2021, the plan is to turn over € 350 million to € 400 million, compared to € 120 million to € 140 million this year. EBITDA is expected to rise from 45 million euros to 60 million euros to 100 million euros to 125 million euros. The company thus confirms the previous forecast for 2020.

They are also “currently in advanced discussions about the possible acquisition of another data center location in Europe”, so Northern Data. “For the following years, the management expects the dynamic growth to continue”, announces the company, but does not become more specific.

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