secunet Security Networks AG / Half Year Results
13.08.2010 08:03
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secunet Half-Year Report 2010: On target
[Essen, 13 August 2010] secunet Security Networks AG publishes its
Half-Year Financial Report 2010 today. In the first half of the year, the
secunet Group increased sales by 7% compared with the previous year.
Earnings before interest and tax (EBIT) were Euro -0.1 million, an
improvement on the previous year's figure of Euro -0.5 million. The
Management Board has reaffirmed its forecast for the 2010 financial year.
secunet Security Networks AG's Group revenue for the first six months of
the year rose by 7% or Euro 1.8 million year-on-year from Euro 24.1 million
to Euro 25.8 million. This was due to lower capacity utilisation in the
Business Security and Government business units. The High Security business
unit, which sells the SINA product line, continues to account for the
majority of the Group's revenue.
Earnings before interest and tax (EBIT) for the period from January to June
2010 were Euro -0.1 million, compared with Euro -0.5 million in the
previous year. The improvement in the EBIT is partly the result of an
increase in other operating income from Euro 0.8 million in the first half
of 2009 to Euro 1.1 million in the current year, as well as a modest
increase in expense items of 7%, proportional to revenue growth. The result
for the period improved from Euro -0.5 million in the previous year to Euro
-0.2 million in the first six months of 2010, while earnings per share for
the period rose from Euro -0.08 to Euro -0.03.
The company's cash flow from operating activities rose from Euro -7.6
million for the period from January to June 2009 to Euro -2.5 million for
the same period of the current financial year.
The company's order book at 30 June 2010 was Euro 22.5 million, compared
with 28.1 million on the same reporting date in the previous year. This
decline is due to the large projects currently in progress.
Commenting on the half-year figures, Dr Rainer Baumgart, Chairman of the
Management Board of secunet Security Networks AG, said 'secunet found
itself in a very stable business situation during the first half of the
year, which we're very pleased about. As in past years, the third and
fourth quarters will be decisive for our net income for the year - we
maintain our forecast of stable revenue and earnings compared with last
year.'
secunet Security Networks AG's Annual General Meeting will take place in
Essen on 25 August 2010. Our next financial report will be published on 10
November 2010, with an interim report on 30 September 2010/9-Month Report.
For further information visit www.secunet.com.
Dr. Kay Rathke / Director Corporate Communications
Patrick Franitza / Press Relations Officer
secunet Security Networks AG
Kronprinzenstrasse 30
45128 Essen/Germany
Phone +49 201 54 54-1234
Fax +49 201 54 54-1235
E-mail: presse@secunet.com
http://www.secunet.com
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Language: English
Company: 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 Hamburg, München, Berlin, Düsseldorf, Hannover, Stuttgart
End of News DGAP News-Service
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DGAP-News: secunet Half-Year Report 2010: On target
| Source: EQS Group AG