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UPDATE 1-F-Secure reports record Q3, unhurt by mkt turmoil

Tue Oct 21, 2008 4:09am EDT

Stocks

   

* Says unhurt by global economic slowdown

* Shares up more than 5 pct

* Q3 EBIT 7.1 million euros vs 7 mln consensus

(adds details, analyst, shares)

HELSINKI, Oct 21 (Reuters) - F-Secure's (FSC1V.HE) profits and sales rose more than expected in the third quarter and the Finnish security software maker said on Tuesday it did not expect the financial crisis to hurt its business this year.

Shares rose 5.5 percent to 2.48 euros, compared with a weaker DJ Stoxx European technology shares index .SX8P.

"The current uncertainty in the global economy is not anticipated to impact F-Secure's businesses during the fourth quarter," the company said in a statement.

F-Secure's third-quarter revenue rose to 28.6 million euros ($37.9 million) and operating profit to 7.1 million, both slightly ahead of consensus.

"The numbers were really good, the best sales and profits in the history of the firm, and there are no signs of financial crises having an impact," said Nordea analyst Martti Larjo.

F-Secure said it expects 2008 sales to reach between 112 million euros and 114 million, while its operating profit margin would be 20 to 23 percent. (Reporting by Tarmo Virki; Editing by David Holmes)



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