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2014-05-20

Napatech A/S : Growth and profitability

COPENHAGEN, Denmark, May 20th, 2014
- Napatech the world's leading supplier of accelerators for network management
and security applications, announces first quarter 2014 results.

Revenue for first quarter 2014 amounted to DKK 47.8 million, an increase of 8%
compared to first quarter 2013, and an increase of 9% compared to fourth
quarter 2013.

Gross margin for first quarter 2014 was 73%, an increase from 68% in first
quarter 2013, and a decrease compared to fourth quarter 2013's gross margin
of 74%.

EBITDA margin for first quarter 2014 was 14%. This was an increase from first
quarter 2013's EBITDA margin of 12%.

For more information, please contact:

Henrik Brill Jensen, Chief Executive Officer
Phone: +45 2011 1673
E-mail: hbj@napatech.com

Niels Hobolt, Chief Financial Officer
Phone: +45 2045 5441
E-mail: nh@napatech.com

About Napatech
Napatech is the world leader in accelerating network management and security
applications. As data volume and complexity grow, the performance of these
applications needs to stay ahead of the speed of networks in order to do
their jobs. We make this possible, for even the most demanding financial,
telecom, corporate and government networks. Now and in the future, we enable
our customers' applications to run faster than the networks they need to
manage and protect.

No Forward-Looking Statements
This press release may be deemed to contain forward-looking statements.
Readers are cautioned that these forward-looking statements are only
predictions and may differ materially from actual future events or results
due to a variety of factors, including, among other things, business and
economic conditions and growth trends in the networking industry, our
customer markets and various geographic regions; global economic conditions
and uncertainties in the geopolitical environment; overall information
technology spending; the growth and evolution of the Internet and levels of
capital spending on Internet-based systems; dependence on the introduction
and market acceptance of new product offerings and standards; rapid
technological and market change; risks related to the global nature of our
operations, including our operations in emerging markets; and other risk
factors set forth in Napatech's reports. Any forward-looking statements in
this release are based on limited information currently available to
Napatech, which is subject to change, and Napatech will not necessarily
update the information.

Napatech 2014 Q1 Presentation
http://hugin.info/139362/R/1787038/613445.pdf
Napatech Q1 2014 Report
http://hugin.info/139362/R/1787038/613444.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Napatech A/S via Globenewswire

HUG#1787038

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