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LOIHDE Loihde Plc's business report 1 January - 30 September 2021 : Profitability improved noticeably compared to the early part of the year 29.10.2021 08:00:00 EEST | Loihde Oyj | Company Announcement Loihde Plc Company announcement 29 October 2021 at 08:00 EEST Loihde Plc's business report 1 January - 30 September 2021 Profitability improved noticeably compared to the early part of the year This is not an interim report in accordance with the IAS 34 standard . The financial information presented in this business report is unaudited . Unless otherwise stated , the figures put in brackets indicate the corresponding period last year . July - September 2021 in brief Loihde Group's revenue for the third quarter increased 3 % and amounted to EUR 24.8 million ( 24.0 ) . Revenue from the Group's continuing operations grew 9 % and came to EUR 24.8 million ( 22.8 ) , organic growth¹ was 2 % . ● ● Adjusted EBITDA was EUR 1.3 million ( 1.5 ) , or 5.1 % ( 6.3 ) of revenue . Adjusted EBITA was EUR 0.8 million ( 1.0 ) , or 3.2 % ( 4.2 ) of revenue . At the beginning of September , the Group's subsidiaries were united under the Loihde brand . The company submitted a listing application for the listing of its shares on Nasdaq First North Growth Market Finland on 27 September 2021 , and trading in Loihde Plc shares commenced on 7 October 2021 . January - September 2021 in brief Loihde Group's revenue for January - September increased 1 % and amounted to EUR 76.8 million ( 76.3 ) . Revenue from the Group's continuing operations grew 6 % and came to EUR 75.9 million ( 71.7 ) , organic growth¹ was 3 % . ● ● ● ● ● ● Revenue from continuing operations in the security business grew 4 % and amounted to EUR 16.5 million ( 15.9 ) . Revenue from continuing operations in the digital development business grew 20 % , supported by company acquisitions , and amounted to EUR 8.3 million ( 6.9 ) . Without the impact of acquisitions , revenue from the digital development business decreased 1.5 % . ● Revenue from continuing operations in the security business grew 5 % and amounted to EUR 51.2 million ( 48.6 ) . Revenue from continuing operations in the digital development business grew 7 % and amounted to EUR 24.7 million ( 23.1 ) . Without the impact of acquisitions , revenue from the digital development business decreased 2.8 % . Adjusted EBITDA was EUR 2.4 million ( 3.9 ) , or 3.1 % ( 5.2 ) of revenue . Adjusted EBITA was EUR 0.9 million ( 2.4 ) , or 1.2 % ( 3.1 ) of revenue . 1 The organic growth of continuing operations excludes the revenue of Hibox Systems Oy Ab , Talent Base Oy and Talent Base AB . Outlook for 2021 ( unchanged ) Loihde intends to take measures in 2021 related to the achievement of long - term objectives , and the development expenses associated with these measures will temporarily reduce the company's operational profitability . It can also be expected that the costs that decreased in 2020 due to the COVID - 19 pandemic will partly return closer to normal levels in 2021 . In 2021 , Loihde expects the revenue of continuing operations in the digital business to grow . Revenue from the security business is expected to remain on a par with the previous year or show moderate growth . The Group's adjusted EBITDA is estimated to be lower than in 2020 .