DGAP-News

Exasol AG publishes financial statements 2020, trading statement for 2021 and its mid-term outlook for 2024

DGAP-News: EXASOL AG / Key word(s): Annual Report/Forecast Exasol AG publishes financial statements 2020, trading statement for 2021 and its mid-term outlook for 2024 11.05.2021 / 07:30 The issuer is solely responsible for the content of this announcement. Exasol AG publishes financial statements 2020, trading statement for 2021 and its mid-term outlook for 2024

• Annual recurring revenue (ARR) up 36.9% to EUR 24.1 million as of the end of December 2020
• Solid start to 2021: In Q1 2021, ARR increased y-o-y by 37,3 % to EUR 25.3 million
• Outlook: Exasol expects to grow ARR by more than 45% in 2021, and will seek to exceed an ARR of EUR 100 million in the course of 2024

Nuremberg, Germany, 11May 2021 - Exasol AG (ISIN DE000A0LR9, www.exasol.com), a global technology company and provider of a high-performance analytics database, today published its consolidated report for 2020 and a trading statement for Q1 2021. The company is also providing a mid-term outlook for 2024.

Key financial indicator ARR up y-o-y up by 36.9% to EUR 24.1m
Exasol's key financial indicator - Annually Recurring Revenue (ARR) - increased by 36.9% year-on-year to EUR 24.1 million at the end of December 2020 (end of December 2019: EUR 17.6 million). Growth has been driven by upselling opportunities and deeper account penetration with existing customers, as well as by new customer wins. In 2020, Exasol gained 33 new customers across various regions and industries. Gross customer wins in 2020 reflect a record number in Exasol's 20-year history. At the year-end, the total customer base stood at 195. The ARR figure is in-line with the preliminary published figure on 23 February 2021. Exasol's sales cycles typically last longer than six months, which means the company has reached its 2020 ARR growth targets without tailwinds from its IPO and capital increase proceeds.