DGAP-News: secunet Security Networks AG: first quarter unsatisfactory, confidence for the full year 2014

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| Source: EQS Group AG
DGAP-News: secunet Security Networks AG / Key word(s): Quarter Results
secunet Security Networks AG: first quarter unsatisfactory, confidence
for the full year 2014

07.05.2014 / 08:00

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secunet 3-Month Report 2014: first quarter unsatisfactory, confidence for
the full year 2014

[Essen, 07 May 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 3-Month
Report for 2014 today. In the first quarter of 2014, the secunet Group
achieved revenue of Euro 13.8 million (previous year Euro 14.1 million) and
earnings before interest and taxes (EBIT) of Euro -1.3 million (previous
year Euro -0.2 million). The order book is on par with the previous year's
high level and the Management Board is reaffirming its forecast for the
full year 2014.

In the first quarter of 2014, the secunet Group generated revenue of Euro
13.8 million. Compared to revenue in the same period last year (Euro 14.1
million), this is equivalent to a decline of 3%. This development was the
result of weaker performance in the product and consulting business, mainly
due to the provisional budget management of the German federal authorities.

The revenue contribution of the individual segments remains unchanged. The
Public Sector business unit continues to contribute the majority (75%) of
revenue, with its contribution standing at Euro 10.2 million (previous year
Euro 10.5 million). The Public Sector unit offers products from the SINA
high-security range, as well as IT security products and services for
public customers. The Business Sector business unit, which offers services
and solutions to meet the specific requirements of companies in the private
sector, achieved 25% of the Group revenue with Euro 3.5 million (previous
year Euro 3.6 million).

In the first quarter, costs in the secunet Group rose by Euro 0.7 million
or 5%, from Euro 14.3 million in the previous year to Euro 15.0 million. In
conjunction with the decline in revenue of Euro 0.4 million, the earnings
before interest and taxes (EBIT) fell by Euro 1.1 million. The EBIT
decreased from Euro -0.2 million in the first quarter of 2013 to Euro -1.3
million in the first quarter of the current year.

The result after taxes for the period from January to March 2014 was a loss
of Euro -0.9 million compared with Euro -0.1 million in the previous year.
Earnings per share for the first quarter of 2014 amounted to Euro -0.14
compared with Euro -0.02 in the previous year.

At Euro 35.6 million, the order book in the secunet Group is on par with
the previous year's high level.

"The first quarter did not fulfil our expectations, particularly with
regard to the EBIT," commented Dr Rainer Baumgart, Chairman of the
Management Board of secunet Security Networks AG. "The provisional budget
management of the German financial authorities is still having a
detrimental effect on secunet. But the order book level is still high and
we envisage an increase in procurements in the second half of the year,
which justifies our confidence across the full year and the fact that we
are not changing our forecast."

For the current year 2014, the Management Board reaffirms its forecast of a
significant increase in both revenue and earnings before interest and taxes
(EBIT).

The 3-Month Report 2014 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: 14 May 2014 Ordinary
General Meeting in Essen, 6 August 2014 publication of Half-Year Financial
Report.


 
Press contact

Christine Skropke
Press Officer

Patrick Franitza
Press Relations Officer

secunet Security Networks AG
Kronprinzenstr. 30
45128 Essen, Germany
Tel.: +49 201 5454-1234
Fax: +49 201 5454-1235
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 number over 500 in
total. secunet is an IT security partner of the Federal Republic of Germany
and a partner of the German Alliance for Cyber Security.
secunet was founded in 1997 and achieved sales of Euro 63.9 million in
2013. secunet Security Networks AG is listed on the Prime Standard of the
German Stock Exchange.

Further information can be found at www.secunet.com.

Disclaimer

This press release contains predictive statements. Predictive statements
are statements that do not describe facts of the past; they also include
statements regarding our assumptions and expectations. Any statement in
this press release that conveys our intentions, assumptions, expectations
or predictions (and the assumptions on which they are based) is a
predictive statement. These statements are based on planning, estimates and
forecasts that are currently available to the management of secunet
Security Networks AG. Predictive statements therefore only apply to the day
on which they were made. We assume no obligation to update such statements
with regard to new information or future events.


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                                     
 
 
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