DGAP-News: secunet Security Networks AG / Key word(s): Final Results
secunet Annual Report 2012: Year closes with excellent result,
positive outlook for 2013
19.03.2013 / 08:00
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secunet Annual Report 2012: Year closes with excellent result, positive
outlook for 2013
- Revenue increases by 21% to Euro 67.2m
- EBIT increases by 47% to Euro 5.7m
- Full order book
- Positive forecast for 2013 financial year
[Essen/Germany, 19 March 2013] secunet Security Networks AG (ISIN
DE0007276503, WKN 727650), a leading German supplier of high-quality IT
security and IT security partner of the Federal Republic of Germany,
published its Annual Financial Statements and Annual Report for 2012 today.
After a peak year, the positive trend in the industry and full order books
give the Management Board grounds for a confident outlook for the current
2013 financial year.
In the 2012 financial year, the Group revenue of secunet Security Networks
AG increased sharply by 21% or Euro 11.6m from the previous year's value of
Euro 55.6m to Euro 67.2m. This strong increase in revenues is based on a
very good order situation on the one hand, and hence a continually very
high level of utilisation in the service sector (consultancy and
development). On the other hand, product business with hardware and
licenses increased again significantly after a relatively weak previous
year.
The main proportion of revenue growth for the secunet Group in the 2012
financial year was generated by the Private Sector business division, which
supplies IT security to companies in the private sector. The accumulated
plus of the two business units Business and Automotive Security amounted to
approx. Euro 6.6m. In the past financial year, the Business Security
business unit achieved a revenue plus of Euro 5.3m or 76% from Euro 6.9m in
2011 to Euro 12.2m in the 2012 financial year. The Automotive Security
business unit generated an increase in revenues of 81% or Euro 1.3m from
Euro 1.6m in the previous year to Euro 2.9m in the year under review.
As a result of the strong revenue growth in the Private Sector business
division, its proportion in Group revenue was up from 15% the previous year
to 22% in the 2012 financial year. The remaining 78% (previous year: 85%)
of the secunet Group's revenues came from the Public Sector business
division. secunet's focus will thus remain on public sector customers in
Germany and abroad, as well as international organisations.
Within the Public Sector, revenues rose by Euro 5.0m or 11% from Euro 47.2m
in 2011 to Euro 52.2m in the 2012 financial year. Of these, the High
Security business unit (SINA product family) recorded an increase of Euro
3.4m or 11% from Euro 29.8m in the previous year to Euro 33.2m in 2012.
Within the Government business unit, revenues rose by Euro 1.6m or 9% from
Euro 17.4m in 2011 to Euro 19.0m in the 2012 financial year.
Sales of secunet products and services outside Germany increased by 26%
from Euro 5.0m in 2011 to Euro 6.3m in the year under review.
The earnings before interest and taxes (EBIT) of the secunet Group
increased significantly compared to the previous year: by Euro 1.8m or 46%
from Euro 3.9m in the 2011 financial year to Euro 5.7m in the 2012
financial year. This greatly improved result was due to a 21% increase in
revenues, whereas total costs (cost-of-sales, distribution costs , general
administration costs and other operating expenses) only increased by 19%
from Euro 51.7m in the previous year to Euro 61.5m.
Earnings before tax rose from Euro 3.9m in the previous year to Euro 5.6m
in the 2012 financial year. At the same time, income taxes rose from Euro
1.2m in 2011 to Euro 2.0m in the year under review. As a result, the
secunet Group generated a Group profit of Euro 3.7m in the 2012 financial
year after Euro 2.7m the previous year. Diluted and undiluted earnings per
share in 2012 stood at Euro 0.57, compared with Euro 0.42 in the previous
year.
secunet Security Networks AG's net income under commercial law was up from
Euro 1.6m in 2011 to Euro 3.1m in the reporting year. The existing net
accumulated loss of Euro 2.5m result in a total profit carryforward for the
coming financial year of Euro 0.6m. The Management Board and the
Supervisory Board of secunet AG recommend to the Annual General Meeting
that no dividend be paid for 2012 and that profits be carried forward.
The value of the order book as at 31 December 2012 was Euro 42.2m,
representing a 7% increase over the previous year's value (Euro 39.5m).
Market observers view IT security as an area with a high level of demand
and a correspondingly high level of growth in demand. This forms the basis
for a confident outlook on the 2013 financial year.
'We are well positioned for the future: our customer-orientated
organisation allows us to design the secunet product, service and solution
portfolio in line with the demand. We want to achieve national and
international growth over the medium term - however, there will always be
uncertainties associated with major projects and the political framework
conditions,' says Dr Rainer Baumgart. 'After a peak year in 2012, we expect
a moderate increase in revenue in the current financial year with earnings
before interest and taxes (EBIT) at the same level as the previous year.'
Next date in the financial calendar: Publication of the 3-Month Report 2013
on 8 May 2013. Further information can be found at www.secunet.com.
Contact
Investor Relations
Dr. Kay M. Rathke
Phone +49 201 5454-1227
Fax +49 201 5454-1228
E-Mail: investor.relations@secunet.com
Press
Christine Skropke
Spokesperson
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
About secunet
secunet is one of the leading German providers of high-quality IT security.
Over 300 experts work in the areas of cryptography, e-government, business
security and automotive security, and develop innovative products in these
fields in addition to highly secure and reliable solutions. Many DAX
companies as well as numerous authorities and organisations are among
secunet's national and international customers, which total over 500.
secunet has been the IT security partner of the Federal Republic of Germany
since 2004.
secunet was founded in 1997 and achieved sales of EUR 67.2 million in 2012.
secunet Security Networks AG is listed on the Prime Standard of the German
Stock Exchange
Additional data is available from www.secunet.com
Disclaimer
This press release contains prospective statements. Prospective statements
are statements which do not describe actual facts from the past; they also
comprise of statements about our suppositions and expectations. Every
statement in this press release which reflects our intentions,
suppositions, expectations or forecasts (together with the suppositions
which give rise to such views) constitutes a prospective statement. These
statements refer to plans, estimates and forecasts which the management of
secunet Security Networks AG currently dispose of. Thus prospective
statements only refer to the day on which they were made. We shall accept
no obligation to further develop such statements in the light of new
information or future results.
End of Corporate News
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Language: English
Company: secunet Security Networks AG
Kronprinzenstrasse 30
45128 Essen
Germany
Phone: +49 (0)201 - 5454 - 1227
Fax: +49 (0)201 - 5454 - 1228
E-mail: investor.relations@secunet.com
Internet: www.secunet.com
ISIN: DE0007276503
WKN: 727650
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
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204302 19.03.2013
DGAP-News: secunet Annual Report 2012: Year closes with excellent result, positive outlook for 2013
| Source: EQS Group AG