DGAP-News: secunet Security Networks AG / Key word(s): Half Year
Results
secunet Half-Year Report 2014: increased Revenues, improved EBIT in
Q2, higher Order Book, annual Outlook unchanged
06.08.2014 / 08:00
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secunet Half-Year Report 2014: increased Revenues, improved EBIT in Q2,
higher Order Book, annual Outlook unchanged
[Essen, 6 August 2014] secunet Security Networks AG (ISIN DE0007276503, WKN
727650), a leading German supplier of high-quality, reliable IT security
and an IT security partner of the Federal Republic of Germany, published
its Half-Year Report for 2014 today. Revenues rose 5% compared with the
previous year for the period from January to June. Admittedly the EBIT
after the first six months continues to be lower than in the previous year,
but has improved in Q2 2014 both compared to Q1 2014 and also the previous
year's Q2. Halfway through the year, the order book was up compared to the
previous year: the company is therefore standing by its forecasts for
revenues and EBIT.
Between January and June 2014, the secunet Group generated revenues of Euro
28.8 million - a 5% increase compared with the same period in the previous
year (Euro 27.3 million). At Euro 15.0 million, the revenues for Q2 2014
exceed the revenues for the same quarter in the previous year (Euro 13.2
million) by Euro 1.8 million or 14%.
Increased revenues from the Group's Product Business, as well as associated
revenues from licenses and support, contributed in particular to this
growth in revenues. In the Public Sector, which supplies the SINA
high-security product range and IT security for authorities and
international organisations, revenues in the period from January to June
2014 rose sharply by 11% from Euro 20.1 million to Euro 22.3 million. At
the same time, revenues in the Business Sector, which supplies IT security
to private companies, fell from Euro 7.2 million in the first half of 2013
to Euro 6.5 million in the current reporting period. The Business Sector
handled a major project in the first half of 2013 - as a result, the
previous year's figure was particularly high.
secunet concluded the first half of 2014 with earnings before interest and
tax (EBIT) of Euro -1.3 million. Compared to the first half of 2013, at the
end of which the EBIT stood at Euro -0.3 million, this represents a
decrease of Euro 1.0 million. A decisive factor for this development is the
10% rise in the cost of sales from Euro 21.8 million in the first six
months of 2013 to Euro 24.0 million in the current reporting period. This
increase can be explained by the increase in material expenses in the form
of the use of trade goods for the hardware business, as well as by an
increase in personnel expenditure due to the expansion of the workforce in
the production areas. Selling expenses rose from Euro 4.1 million to Euro
4.3 million, while administrative costs remained constant at Euro 1.7
million.
The EBIT generated in the first half of 2014 are essentially influenced by
the negative EBIT in the first quarter of the year. Analysis on a quarterly
basis shows that - as with revenues - the second quarter of 2014 brought
about an improvement in the EBIT from Euro -128 thousand in Q2 2013 to Euro
-9 thousand in Q2 2014.
Due to the formation of deferred taxes, tax income of Euro 0.4 million was
generated in the first half of 2014, compared to Euro 0.1 million in the
same period the previous year. The period result after tax for the period
from January to June 2014 therefore totalled Euro -0.9 million compared
with Euro -0.3 million the previous year. Accordingly, earnings per share
for the first six months of the year were Euro -0.14, having been Euro
-0.04 in the same period the previous year.
As of 30 June 2014, the secunet Group's order book according to IFRS stood
at Euro 35.1 million, compared to Euro 32.0 million in the previous year,
an increase of 10%.
"To date secunet has always generated the majority of its annual business
in the second half of the year - that will also be the case in 2014,"
states Dr Rainer Baumgart, Chairman of the Management Board of secunet
Security Networks AG. "The turnaround in Q2 2014, the high order book level
and the prospect of further orders once the federal government's interim
budget management which was effective in the first half of the year has
come to an end, allow us to have a positive outlook for the second half of
the year and 2014 overall."
In light of the business figures recorded halfway through the year and the
continued optimistic outlook for the second half of 2014, the company's
Management Board is standing by its forecast for the year as a whole: It
anticipates a significant increase in both revenues and also earnings
before interest and tax (EBIT) compared to the 2013 financial year. The
business results are expected to exceed those seen in the very successful
year 2012.
The Half-Year Report 2014 for secunet Security Networks AG is available to
download at www.secunet.com under Investor Relations > News and
Publications > Financial Reports. Next date in the financial calendar: 5
November 2014 - publication of the 9-Month Report.
Press contact
Christine Skropke
Spokesperson
Patrick Franitza
Dep. Spokesperson
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 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.
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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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280941 06.08.2014
DGAP-News: secunet Half-Year Report 2014: increased Revenues, improved EBIT in Q2, higher Order Book, annual Outlook unchanged
| Source: EQS Group AG