EQS-Adhoc: Northern Data Group updated forecast for 2025 and announces new calculation methodology

Publication of insider information according to Article 17 of Regulation (EU) No. 596/2014

Northern Data Group updated forecast for 2025 and announces new calculation methodology

Frankfurt am Main – April 30, 2025 – Northern Data AG (ETR: NB2) (“Northern Data Group” or “The Group”), today presents an update of your forecast for 2025 and adapts your calculation methodology. The updated forecast is based on three essential adjustments: an improved calculation methodology to determine the forecast, the consideration of technology upgrades that affect the availability of the GPUs (which began at the end of Q1 and continue in Q2), as well as the adaptation of economic framework to the current market environment.

The new forecast leads to an expected sales span for the 2025 financial year of EUR 240 million – EUR 320 million and an adjusted EBITDA of EUR 80 million – EUR 130 million The sales forecast for Taiga Cloud for 2025 is expected to be between EUR 150 million – EUR 210. In these numbers, the expectation that, correspondingly higher GPU utilization, Taiga Cloud will increase sales in the course of 2025 will increase. At the end of the year, this would become a minor annual turnover (ARR¹) of EUR 300 million – EUR 350 million.

The new calculation methodology for the forecast enables the Northern Data Group improved communication with its investors. The calculation methodology is based on a bottom-up model, which, based on the existing GPU infrastructure of the group, takes into account the expected degrees with customers who are currently on boarding, proof-of-concept phase or in the pipeline. In the new calculation methodology, possible further sales are not taken into account due to expected future growth -oriented investments.

¹ The Arr (Annualized Run Rate Revenue Range) is defined as the major annual turnover at the end of the financial period, i.e. sales in the last month of the financial period multiplied by the factor of twelve.

Investor Relations:

Jose Cano
Vice President, Investor Relations
Email: [email protected]

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This IR press release contains future-oriented statements. These statements are based on the current views, expectations, assumptions and information of management and are based on information that is currently available to management. Future -oriented statements are not to be understood as a promise for the occurrence of future results and developments and contain well -known and unknown risks and uncertainties. The actual results, services or events can differ significantly from those described in such statements, among other things due to changes in the general economic and competitive environment, risks in connection with the capital markets, exchange rate fluctuations, changes of international and national laws and regulations, in particular in relation to tax laws and regulations that affect the company, and other factors. Neither the company nor one of its affiliated companies assumes an obligation to update future -oriented statements.