secunet Security Networks AG

Earnings Release • Aug 8, 2002

News Details

Ad-hoc | 8 August 2002 07:30

Secunet AG english

secunet in Q2, 2002: Consolidation shows positive effects Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– secunet in Q2, 2002: Consolidation shows positive effects secunet achieved revenues of EUR 10.3 million in the first six months of 2002. This corresponds to a sales decline of 12% compared to the first six months of 2001 (EUR 11.7 million). The decline in sales can be attributed to the fact that last year’s figures included sales generated by those foreign companies from which secunet has separated in the meantime. The adjusted comparison figure for last year is EUR 10.0 million. Looking at second-quarter figures alone reveals sales of EUR 5.5 million. This corresponds to an increase of 4% compared to the same period in 2001 (EUR 5.2 million / adjusted: EUR 5.0 million). The operative result (EBIT) for the first six months of 2002 came in at minus EUR 0.5 million; the loss was therefore down 84% compared to the same period last year (minus EUR 3.0 million). In the second quarter of 2002, secunet attained an EBIT of minus EUR 0.3 million (second quarter 2001: minus EUR 1.3 million). Taking into account the financial result and taxes, there was a net loss of EUR 0.2 million in the first six months of fiscal year 2002 (first six months of 2001: minus EUR 1.6 million). This corresponds to earnings per share of minus EUR 0.03 (first six months of 2001: minus EUR 0.25). The net loss for the second quarter of 2002 amounted to EUR 0.1 million, compared to a net loss of EUR 0.7 million in the second quarter 2001. This results in earnings per share of minus EUR 0.02 for the second quarter 2002 (Q2/2001: minus EUR 0.11). These figures show that the restructuring of secunet continued to be successful in the second quarter of 2002. Personnel expenses declined by 21% in the first six months of 2002 compared to the same period in 2001. Other operating expenses were reduced by 42%. As of June 30, 2002, secunet had cash and cash equivalents of EUR 5.7 million, an equity ratio of 76 % and orders on hand worth EUR 10.6 million. In view of this development, management continues to believe that there is a good chance of achieving a balanced overall result in 2002. For further information please contact: Dr. Jörg Chittka, Head of Investor Relations, secunetSecurity Networks AG, Tel.: +49 (0)2054 123 127, Fax: +49 (0)2054 123 456, Email: investor.relations@secunet.com end of ad-hoc-announcement (c)DGAP 08.08.2002 ——————————————————————————– WKN: 727650; ISIN: DE0007276503; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München, Stuttgart 080730 Aug 02