secunet Security Networks AG / Change in Forecast 10.12.2008 Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- [Essen, 12 December 2008] The end of November 2008 sees secunet producing detailed forecasts for the fiscal year 2008; the company is currently estimating the secunet groups sales figures for the year at around EUR 50 m. That figure represents an increase of over 20% over the previous year and goes beyond what the capital market had expected. The current fourth quarter has again seen additional expenditure that has reduced earnings before interest and taxes (EBIT) in the second and third quarters of 2008, and so, while the company is expecting to make a profit in the 2008 fiscal year, that profit will amount to no more than some EUR 2 m. EBIT will therefore be 43% down on the result for the previous year. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: secunet Security Networks AG is currently projecting sales of EUR 50 m for the 2008 fiscal year, a figure over 20% up on that for the previous year, and one that also goes beyond the capital markets expectations. Analysts currently agree that sales can be estimated at over EUR 48 m, so sales of some EUR 17 m are projected for the fourth quarter of 2008, representing an increase of 18% over the previous years EUR 14.2 m. The excellent sales figures are not, however, matched by earnings before interest and taxes (EBIT), as large amounts have been spent on the preparations for major projects, involving not only higher sales costs but also expenditure on services provided by third parties while operational staff had been working on the preparation of offers. These commitments reduced EBIT throughout the year, but the executive board is expecting these outgoings to be reduced next year. An additional factor is that increased sales have, in the present fourth quarter, been limited by a number of projects having been deferred by customers, so that secunet has been unable to invoice them. This has also had an adverse effect on EBIT, which could not have been predicted. These projects are scheduled to be completed in the first half of 2009. '2008 has been a year characterised by increased sales and the acquisition of major projects, and we are more than satisfied with the result of our sales efforts', comments Dr Rainer Baumgart, chairman of secunet Security Networks AGs executive board. 'However, this growth has gone hand in hand with a higher level of expenditure in 2008 than we had reckoned with. What we aim to do in the coming year is to continue the present growth trend and become more profitable.' The value of the orders on the books at the end of November is already giving cause for confidence, standing as it does at EUR 28.3 m, an increase of 27% over the figure for September 2008. secunet Security Networks AG Corporate Communications Dr. Kay Rathke Tel +49 (0)201 54 54 127 E-Mail: kay.rathke@secunet.com DGAP 10.12.2008 --------------------------------------------------------------------------- Language: English Issuer: secunet Security Networks AG Kronprinzenstrasse 30 45128 Essen Deutschland Phone: +49 (0)201 - 5454 - 300 Fax: +49 (0)201 - 5454 - 301 E-mail: investor.relations@secunet.com Internet: www.secunet.com ISIN: DE0007276503 WKN: 727650 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Hannover, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: secunets forecasts for the 2008 fiscal year: sales exceed expectations, EBIT positive but less than satisfactory
| Source: EQS Group AG