DGAP-News: secunet Security Networks AG / Key word(s): 9-month figures
secunet 9-Month Report 2014: Revenues and EBIT increased, order book
improved, forecast confirmed
05.11.2014 / 08:00
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secunet 9-Month Report 2014: Revenues and EBIT increased, order book
improved, forecast confirmed
[Essen, 05 November 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,
publishes its 9-Month Report for 2014 today. Revenues rose 17% compared
with the previous year for the period from January to September. EBIT at
the end of the first nine months increased by 0.4 million Euros compared
with the previous year. As at 30 September the order book once again
increased sharply in comparison with the previous year: the company is
therefore standing by its positive outlook for the 2014 financial year.
Between January and September 2014, the secunet Group generated revenues of
48.2 million Euros - a 17% increase compared with the same period in the
previous year (41.3 million Euros). At 19.4 million Euros, the revenues for
Q3 2014 exceed the revenues for the same quarter in the previous year (13.9
million Euros) by 5.4 million Euros or 39%.
Significantly increased income in the Public Sector business unit
contributed to the increase 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 September 2014 rose by a dramatic 27% from 30.6 million Euros to
38.8 million Euros. At the same time, revenues in the Business Sector,
which supplies IT security to private companies, fell from 10.7 million
Euros in the first nine months of 2013 to 9.4 million Euros in the current
reporting period. The Business Sector handled a major project in 2013 - as
a result, the previous year's figure was particularly high.
Cost developments in the secunet Group are largely influenced by the
increase in the cost of sales from 32.8 million Euros in the first nine
months of 2013 to 38.8 million Euros in the current year (up 18%). Selling
expenses (previous year 6.0 million Euros, 2014: 6.3 million Euros) and
general administration costs (2013: 2.5 million Euros, current year 2.6
million Euros) have both risen by 6%.
Overall, the costs in the secunet Group increased by 15% from 41.4 million
Euros to 47.8 million Euros. secunet therefore concluded the first nine
months of 2014 with earnings before interest and taxes (EBIT) of 0.3
million Euros. This represents an improvement of 0.4 million Euros compared
with the previous year's figure. In Q3 alone, a 1.3 million Euros increase
in EBIT was achieved from 0.3 million Euros in the previous year period to
1.6 million Euros in 2014.
Earnings after tax for the period from January to September 2014 totalled
0.2 million Euros compared to -0.1 million Euros in the previous year.
Accordingly, earnings per share for the first six months of the year were
0.03 Euros, having been -0.02 Euros in the same period the previous year.
As of 30 September 2014, the secunet Group's order book according to IFRS
stood at 46.6 million Euros, compared to 39.9 million Euros in the previous
year, an increase of 17%.
"Our high-quality and reliable solutions are perfectly tailored to our
customers' needs: secunet is therefore in demand as an IT security partner.
Demand for secunet solutions is accordingly sustained," said Dr Rainer
Baumgart, Chairman of the Management Board of secunet Security Networks AG.
"This is reflected in the financial results: our expectations for the third
quarter were fully met. For the year as a whole we anticipate a
continuation of the positive development."
Based on the business figures already achieved and the optimistic outlook
for the fourth quarter of 2014, the company's Management Board is
confirming its forecast for the year as a whole. A significant increase in
both revenues and earnings before interest and taxes (EBIT) compared with
the 2013 financial year is anticipated; the business results are expected
to exceed those seen in the very successful year 2012.
The 9-Month 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: 23
January 2015 - publication of the preliminary figures for the 2014
financial year
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 63.9 million Euros 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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05.11.2014 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
End of News DGAP News-Service
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294915 05.11.2014
DGAP-News: secunet 9-Month Report 2014: Revenues and EBIT increased, order book improved, forecast confirmed
| Source: EQS Group AG