DGAP-News: 6-Month Report of secunet Security Networks AG: revenue growth continuing, forecast confirmed
(firmenpresse) - DGAP-News: secunet Security Networks AG / Key word(s): Half Year
Results
6-Month Report of secunet Security Networks AG: revenue growth
continuing, forecast confirmed
08.08.2012 / 08:00
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6-Month Report of secunet Security Networks AG: revenue growth continuing,
forecast confirmed
- Revenues for January - June up 17% on previous year
- Order book: up 26% on the previous year
- Forecast unchanged: revenue of Euro 60m, EBIT of Euro 5m
[Essen, 8 Aug 2012] 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, published its 6-Month
Financial Report for 2012 today. Revenue for the period January to June
increased sharply compared with the same period last year, EBIT remained at
the same level. The order book at the mid-year point continues to remain
well above the level of the previous year: the company is therefore
standing by its forecasts for revenue and EBIT.
From January to June 2012, the secunet Group generated revenue of Euro
25.3m. This corresponds to an increase of Euro 3.6m or 17% compared with
the same period in the previous year (Euro 21.7m). The increase in revenue
is due to strong growth in the service business (consulting and
development), particularly in the Business Security business unit, which
offers IT security services to companies. The growth in revenue in this
segment comes from a number of large projects in the Mobile Security
sector. Hardware sales have only risen slightly, while income from licences
remained unchanged compared with the previous year.
secunet concluded the first half of 2012 with earnings before interest and
tax (EBIT) of Euro -0.8m. This figure is more or less the same as the
previous year. The main reason for this earnings trend was the increased
cost of sales, which rose significantly for two reasons: On the one hand
was the purchase of third-party services to cover peaks in capacity
utilisation, and on the other the unexpectedly high additional expenditure
incurred by some projects. These one-off effects amounted to Euro 0.6m.
Selling expenses and general administration costs increased at a
disproportionately low rate compared with revenue.
Despite the one-off charges, the Group profit for the period January to
June improved from Euro -0.6m last year to Euro -0.3m in the current year
(2012). Earnings per share for the first six months of 2012 were Euro
-0.05; in the previous year, this figure was Euro -0.10.
As at 30 June 2012, the value of the secunet Group's order book stood at
Euro 38.0m. This constitutes a 26% rise on the previous year's value of
Euro 30.1m. The order book contains a large number of small to medium-sized
projects as well as several large orders in every business unit. The latter
largely accounted for this significant increase and will continue to have a
positive effect on the development of Group revenue in the medium term.
'The strong grown and consistently full order book are the result of our
successful sales activities: In addition to major projects, we have also
won several tenders for framework agreements', commented Dr. Rainer
Baumgart, Chairman of the Management Board of secunet Security Networks AG.
In light of the business figures for the first half and the continued
optimistic outlook for the second half of 2012, the Board is standing by
its forecast for sales and EBIT of Euro 60m and Euro 5m respectively for
2012.
About secunet
secunet is one of the leading German providers of high-quality IT security.
Over 280 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 59.5 million in 2010.
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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08.08.2012 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(at)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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180659 08.08.2012
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Datum: 08.08.2012 - 08:00 Uhr
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