DGAP-News: secunet Security Networks AG: Annual Report 2013, profit distribution and growth forecast

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DGAP-News: secunet Security Networks AG / Key word(s): Final
Results/Dividend
secunet Security Networks AG: Annual Report 2013, profit distribution
and growth forecast

25.03.2014 / 08:00

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secunet Security Networks AG: Annual Report 2013, profit distribution and
growth forecast

[Essen, 25 March 2014] secunet Security Networks AG (ISIN DE0007276503, WKN
727650), a leading German supplier of high-quality IT security and an IT
security partner of the Federal Republic of Germany, publishes its Annual
Financial Statements and Annual Report for the financial year 2013 today.
In 2013, the secunet Group achieved revenues of Euro 63.9 million and
earnings before interest and taxes (EBIT) of Euro 3.7 million. The good
demand situation and the order book make it possible to forecast
considerable growth for the current financial year 2014. For the first time
in the company's history, it is aiming to pay out a dividend to its
shareholders.

In the financial year 2013, the secunet Group generated revenues of Euro
63.9 million. Compared to the previous year (Euro 67.2 million), this is
equivalent to a decline of 5%. This was caused by customers postponing
projects and by additional costs in major projects. The Public Sector
business unit continues to contribute the majority of revenues to the Group
revenue with Euro 50.1 million (previous year Euro 53.3 million), or 78%
(previous year 79%). The Public Sector unit offers products from the SINA
high-security range, as well as IT security products and services for
public customers. 22% of the Group revenue (previous year 21%), or Euro
13.8 million (previous year Euro 14.0 million), was generated in the
Business Sector business unit, which offers services and solutions for the
specific requirements of companies in the private sector.

The decline in sales of Euro 3.3 million was accompanied by a decline in
overall costs of Euro 1.3 million. As a result, the earnings before
interest and taxes (EBIT) fell by 36%, or Euro 2.0 million, from Euro 5.7
million in the previous year compared to Euro 3.7 million this year. The
Group profit is Euro 2.4 million, compared to Euro 3.7 million in the
previous year. Earnings per share fell by 36% from Euro 0.57 to Euro 0.37.

secunet Aktiengesellschaft achieved a net income of Euro 2.5 million
compared to Euro 3.1 million in the previous year. Net income and the
existing net accumulated profit from the previous year of Euro 0.6 million,
result in a total profit carryforward for the coming financial year of Euro
3.1 million. In the Annual General Meeting, due to take place on 14 May
2014 in Essen, Germany, the Management Board and the Supervisory Board of
secunet Security Networks AG will recommend that a dividend of Euro 0.15 be
paid out for each no-par value share that is entitled to dividend.

"For the first time in the history of the company, secunet will pay out a
dividend to its shareholders," commented Dr Rainer Baumgart, Chairman of
the Management Board of secunet Security Networks AG. "We aspire to have a
long-term payout policy that is both stable and reliable."

The outlook for the current financial year 2014 is good; the NSA
eavesdropping scandals have increased the awareness of threats and the
desire for IT security, and reliable "Made in Germany" IT security is
enjoying great acclaim at the moment. In fact, this growing market is
attracting increased competition, though the outlook is still incredibly
positive.

"secunet is perfectly positioned. Our product range is continuing to grow
and we have excellent employees available to provide consultancy services.
We have a very good reputation in the sector," says Dr Rainer Baumgart.
"For the current year 2014, we expect a considerable increase both in
revenue and in the earnings before interest and tax (EBIT). We hope that
the business results will exceed those achieved in 2012, which was a good
year in terms of results."

The Annual Report 2013 for secunet Security Networks AG is available to
download at www.secunet.com under Investor Relations > News and
Publications. Next dates in the financial calendar: 26 March 2014 Analysts'
Conference in Frankfurt am Main, 7 May 2014 3-Month Report 2014.

Press contact

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 is IT security partner of the Federal Republic of Germany and
partner in the Alliance for Cyber Security.
secunet was founded in 1997 and achieved sales of EUR 63.9 million in 2013.
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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25.03.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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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                                     
 
 
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