secunet Security Networks AG / Key word(s): Interim Report/Quarter Results
10.11.2010 08:00
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[Essen, November 10, 2010] secunet Security Networks AG, Germany's leading
provider of sophisticated IT security, published its 9-month report for
2010 today. Compared with the previous year, consolidated sales increased
by 8% to 38.4 million euros in the first nine months of 2010. The company
boasts positive earnings before interest and taxes (EBIT), marking a
significant improvement on the previous year. The company is confirming its
forecast for the financial year as a whole with sales of 57 million euros
and EBIT of over 2 million euros.
The consolidated sales of secunet Security Networks AG for the first nine
months of the current financial year totaled 38.4 million euros: sales
increased by 2.8 million euros or around 8% on the previous year's value of
35.6 million euros. This enabled the company to maintain and build on the
growth rate it had established: quarter-on-quarter, sales increased by 25%
from Q3 2009 to Q3 2010. With 55% of consolidated sales, the High Security
business unit that supplies the SINA family of products remains the
principal revenue driver.
Earnings before interest and taxes (EBIT) in the secunet Group improved
from -1.2 million euros in the first nine months of 2009 to 0.2 million
euros in the same period of 2010. This improvement is due firstly to the
increase of other operating earnings by around 1 million euros and secondly
to the moderate increase of expenses which rose disproportionately to sales
by +6% overall. Due to the lower financial result than in the previous year
and the sharp rise in tax charges, earnings now amount to -0.1 million
euros following -1.0 million euros in the first nine months of the previous
year. Earnings per share changed from -0.16 euros to -0.01 euros.
The operative cashflow for the period from January to September 2010
improved on the previous year's value from -6.6 million euros to -1.6
million euros in the same period of the current financial year.
Consolidation of public authorities meant that several major projects - for
the German Federal Armed Forces in particular - were postponed. On
September 30, 2010, the company's order book was therefore worth 21.4
million euros compared to 31.0 million euros on the same reporting date in
the previous year. Major new projects are expected to be commissioned.
'secunet continues to follow a definite growth course: the increasing
threats to IT infrastructures and topics such as cyber wars will heighten
demand for high-quality IT security products,' said Dr. Rainer Baumgart,
CEO of secunet Security Networks AG. 'Just as with every financial year to
date, the 2010 financial year will be decided in the fourth quarter.
However, due to the postponement of major projects, we do not expect a
similar result to last year in Q4. Our forecast is therefore remaining at
sales of 57 million euros and EBIT of over 2 million euros.'
The company will publish the provisional figures for the 2010 financial
year on January 26, 2011. For more information, please visit
www.secunet.com.
About secunet
secunet is one of Germany's leading providers of superior IT security. In
close dialogue with its customers - enterprises, public authorities and
international organisations - secunet develops and implements
high-performance products and state-of-the-art IT security solutions. Thus,
secunet not only keeps IT infrastructures secure for its customers, but
also achieves intelligent process optimisation and creates sustainable
added value.
At secunet, more than 270 experts focus on issues such as cryptography
(SINA), e-government, business security and automotive security aiming
always to be one step ahead of competitors in terms of quality and
technology. secunet emphasises on long-term relationships with its
customers in an atmosphere based on partnership, as demonstrated by our
successful security relationship with the Federal Republic of Germany which
has been active since 2004.
Additional data is available from 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
10.11.2010 Dissemination of a Corporate News, transmitted by DGAP -
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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 Announcement DGAP News-Service
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DGAP-News: secunet 9-month report 2010: growth trend continues, positive EBIT
| Source: EQS Group AG