DGAP-News: secunet posts record sales in 2008 - Provisional results released for 2008


secunet Security Networks AG / Preliminary Results/Final Results

04.02.2009 

Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------

[Essen, 4 February 2009] In 2008, secunet Security Networks AG, a leading
provider of products and solutions in the area of IT security and IT high
security, posted annual sales of over EUR 52 million, the highest in the
company’s history. Today the company released provisional figures for the
2008 financial year. The outlook for 2009 is promising, with order volumes
at record levels.
During the 2008 financial year, the secunet Group posted sales of EUR 52
million, an increase of 26% from 2007 (EUR 41.3 million). The largest
increases in sales came in the second quarter (+32%) and the fourth quarter
(+33%).
Corporate earnings were not able to match the increase in sales, a trend
that was identified as far back as the second quarter. This is a result of
incurring substantial costs in relation to preparatory work for major
projects, which impacted corporate earnings throughout the 2008 financial
year. In particular, these included higher distribution costs and costs for
third-party services in relation to replacing operational staff who were
involved in the preparation of offers. In addition, customers deferred a
number of projects, which would otherwise have been concluded and invoiced
by year end. As a result, the company's earnings before interest and taxes
(EBIT) amounted to EUR 1.9 million, down from EUR 3.5 million in the
previous year, a decrease of 46%. In total, secunet won major orders and
framework agreements worth over EUR 100 million in 2008.
'The record sales we generated in 2008 were just reward for our outstanding
achievements in developing and marketing our products and services', noted
Rainer Baumgart, CEO of secunet Security Networks AG. 'We are in an
excellent position and are therefore very confident going into the new
financial year.'
The high order volume (firm orders) of EUR 31.1 million at year end
supports this optimistic view for the future. As is the case with sales,
this figure is also at a record level, up 85% on the previous
year.

Dr. Kay Rathke
Director Corporate Communications

secunet Security Networks AG
Kronprinzenstrasse 30
45128 Essen/Germany
Phone +49 201 54 54-1234
Fax +49 201 54 54-1235
E-mail:  investor.relations@secunet.com
http://www.secunet.com


DGAP 04.02.2009 
---------------------------------------------------------------------------
Language:     English
Issuer:       secunet Security Networks AG
              Kronprinzenstrasse 30
              45128 Essen
              Deutschland
Phone:        +49 (0)201 - 5454 - 1234
Fax:          +49 (0)201 - 5454 - 1235
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
---------------------------------------------------------------------------