secunet Security Networks AG

Earnings Release • Apr 11, 2011

News Details

Ad-hoc | 11 April 2011 16:58

secunet Security Networks AG: 2011 first-quarter results well down on last year

secunet Security Networks AG / Key word(s): Quarter Results/Profit Warning

11.04.2011 16:58

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[Essen, 11 April 2011] According to provisional estimates, secunet Security
Networks AG, a leading German supplier of sophisticated IT security
solutions and IT security partner to the Federal Republic of Germany,
posted revenue for the months from January to March 2011 of EUR 10.2
million and earnings before interest and taxes (EBIT) of EUR -1.4 million.
The results are well short of last year's revenue figure of EUR 13.3
million and EBIT of EUR 0.1 million and are therefore also below the
Management Board's expectations for the first quarter of 2011. The
difference in revenue is largely due to the continuing postponement of
major orders from the German armed forces, which already impacted last
year's revenue. The drop in EBIT is mainly attributable to the absence of
these revenues. Order backlog at 31 March 2011 amounted to EUR 27.8 million
compared with EUR 25.9 million as of the same reporting date last year. The
Management Board's expectations for the 2011 financial year will be
strongly influenced by the aforementioned major orders, the implementation
of which will be decided in the coming weeks.

secunet Security Networks AG
Corporate Communications
Dr Kay Rathke
Tel +49 (0)201 5454 1221
E-Mail: kay.rathke@secunet.com

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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@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

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