DGAP-News: secunet: Q1 2012 with profitable revenue growth
(firmenpresse) - DGAP-News: secunet Security Networks AG / Key word(s): Interim
Report/Quarter Results
secunet: Q1 2012 with profitable revenue growth
09.05.2012 / 08:00
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secunet: Q1 2012 with profitable revenue growth
- Revenue increase of 22% compared with previous year
- Significant EBIT improvement by Euro 1.5m to Euro 0.1m
- Value of order book still significantly up on previous year
- 2012 annual targets unchanged
[Essen, 9 May 2012] secunet Security Networks AG, a leading German supplier
of high-quality IT security and an IT security partner of the Federal
Republic of Germany, today published its 3-Month Report 2012. Revenue
increased sharply compared with the first quarter of 2011 and secunet was
profitable due to good capacity utilisation. The positive development and
the high order book level reinforce the Management Board's decision to
maintain the growth targets for 2012.
In the first quarter of 2012, the Group revenue of secunet Security
Networks AG increased by 22% from the previous year's value of Euro 10.2m
to Euro 12.5m. All secunet's business units contributed to the strong
increase in revenue. A particularly substantial rise was reported in the
service business (consulting) in the Business Security and Government
business units.
secunet continues to work mainly for public sector consumers: 75% of
revenue was generated in the Public Sector business division, of which 42%
in the High Security business unit (SINA product line) and 33% in the
Government business unit (e-government consultancy, IT security for
authorities, biometrics and sovereign documents, ELSTER electronic tax
return system). Compared with the same quarter in the previous year,
revenue in the High Security business unit - primarily product business -
increased in the first quarter of 2012 by 11% from Euro 4.7m to Euro 5.3m.
At the same time, the Government business unit achieved - primarily through
the sale of services - a revenue increase of 25% from Euro 3.3m in Q1 2011
to Euro 4.2m in the first quarter of the current year.
25% of the secunet Group's revenue in the first quarter of 2012 was
generated through business with industry (Private Sector business
division). Revenue increased significantly in both the Business Security
(IT security for companies: +58% from Euro 1.6m to Euro 2.5m) and
Automotive Security (IT security in vehicles and vehicle production: +38%
from Euro 0.4m to Euro 0.6m) business units. This is due to a general
improvement in the level of demand, including for larger projects.
As a result of the accompanying high level of capacity utilisation, the
revenue increase of Euro 2.3m has been registered to a great extent in the
income statement: earnings before interest and taxes (EBIT) of the secunet
Group for the period from January to March 2012 totalled Euro 0.1m.
Compared with the previous year's value of Euro -1.4m, this represents a
significant increase of Euro 1.5m.
The result for the reporting period increased from Euro -1.0m in the first
quarter of 2011 to Euro 0.1m in the first quarter of 2012. Earnings per
share for the first three months increased from Euro -0.16 to Euro 0.02.
The value of secunet Security Networks AG's order book remains high and
totalled Euro 41.8m as at 31 March 2012. Compared with the previous year's
value of Euro 27.8m, this represents an increase of Euro 14m or 50%.'Thanks to the strong increase in revenue and the level of profitability
resulting from capacity utilisation in the first quarter, we have made a
great start to 2012,' comments Dr Rainer Baumgart, Chairman of the
Management Board of secunet Security Networks AG. 'Our excellent offering
of high-quality services and products is reflected in the high number of
orders, which signifies that this is a sustainable development.'
The Management Board is therefore maintaining the targets for the 2012
financial year: revenue of approximately Euro 60m with EBIT of around Euro
5m.
The 3-Month-Report 2012 is available to download on the secunet website
under Investor Relations / News and Publications / Financial Reports. Next
date in the financial calendar: Ordinary General Meeting of secunet
Security Networks AG on 13 June 2012 in Essen.
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 55.6 million in 2011.
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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09.05.2012 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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