DGAP-News: secunet publishes 3-month report 2011
(firmenpresse) - DGAP-News: secunet Security Networks AG / Key word(s): Quarter Results
secunet publishes 3-month report 2011
10.05.2011 / 07:00
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[Essen, 10 May 2011] secunet Security Networks AG, a leading German
supplier of IT security and IT security partner of the Federal Republic of
Germany, today publishes its interim results for the period January to
March 2011. Revenues fell by 23%, resulting in earnings before interest and
taxes (EBIT) of Euro -1.4m. Orders on hand at the end of the first quarter
were 7% higher compared with the previous-year figure. Meeting the
full-year forecast will depend on the success of an important hardware
project.
In the first quarter of 2011, the revenues of the secunet Group fell versus
the first quarter of 2010 from Euro 13.3m to Euro 10.2m, largely due to the
continued postponement of major orders. secunet's business is dependent on
the receipt of large orders. This leads to a certain volatility in business
performance. The
impact of this can be clearly seen in the revenue performance of the High
Security business unit, which supplies among others the German army with
its SINA product line. That business unit saw a decrease in revenues from
Euro 7.2m in the first quarter of 2010 to Euro 4.6m in the first quarter of
2011.
Other operating income generated by the secunet Group fell from Euro 0.9m
during the first three months of 2010 to Euro 0.4m during the same period
of the current year. At the same time, in the period from January to March
2011, the secunet Group's total expenses declined from Euro 14.0m in the
previous year to Euro 12.1m. As a result, earnings before interest and
taxes (EBIT) fell from Euro 0.1m in the first quarter of the previous year
to Euro -1.4m in the current year.
The result for the period January to March 2011 was Euro -1.0m, compared
with Euro 0.2m in the previous year, resulting in earnings per share of
Euro -0.16 compared with Euro 0.03 in the first quarter of 2010.
'Despite an overall positive environment, the results for the first quarter
of 2011 are below expectations due to the absence of crucial procurement
orders from major customers,' said Dr. Rainer Baumgart, CEO of secunet
Security Networks AG. 'We intend to nevertheless adhere to our strategy of
optimising our domestic and foreign sales and broadening our product
business and will focus even harder on implementing it.'
Order volume at secunet Security Networks AG amounted to Euro 27.8m as at
31 March 2011, or 7% more than the previous year (Euro 25.9m).
In order to ensure sustained and stable revenue performance, secunet is
seeking to generate more revenues from products. As the result of a
systematic, multi-year development process tailored to secunet's core
competences, the Group's product line is being expanded and supplemented to
include components for hardware-based encryption. These hardware components
were intended to have been deployed last year in major projects. However,
the projects have been postponed several times. At the same time, secunet
has been commissioned to adapt the product to meet new customer
requirements. These requirements are currently being implemented. First
deliveries are already planned for autumn 2011.
These projects will play a crucial role in achieving the forecasted
business results for 2011. If the projects are successfully implemented,
the Management Board expects revenues to be slightly below the previous
year level and earnings before interest and taxes (EBIT) to meet the
previous year level in 2011.
Further information can be found on the Internet at www.secunet.com, under
Corporate / Investor Relations / News and Publications / Financial Reports.
Next financial reporting date: Ordinary General Meeting on 11 May 2011.
End of Corporate News
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Language: English
Company: secunet Security Networks AG
Kronprinzenstrasse 30
45128 Essen
Deutschland
Phone: +49 (0)201 - 5454 - 1234
Fax: +49 (0)201 - 5454 - 1235
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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123678 10.05.2011
Datum: 10.05.2011 - 07:00 Uhr
Sprache: Deutsch
News-ID 34001
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Kategorie:
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