secunet Security Networks AG

Earnings Release • May 7, 2002

News Details

Ad-hoc | 7 May 2002 07:30

Secunet AG english

secunet in Q1, 2002: successful cost reductions, orders on hand increased Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– secunet Security Networks AG achieved sales of EUR 4.8 million in the first quarter of 2002. The decline in sales compared to the first quarter of 2001 (EUR 6.5 million) can be attributed to secunet’s separation from the foreign companies in the USA, the Netherlands and Portugal. Not including the companies mentioned, sales were EUR 4.9 million in the first quarter of 2001. The operative result (EBIT) for the first three months of 2002 came in at minus EUR 0.2 million; the loss was therefore down by 88 % compared to the same period of time last year (minus EUR 1.6 million). The net income for the first quarter of 2002 amounted to minus EUR 0.1 million (first quarter of 2001: minus EUR 0.9 million), which corresponds to earnings per share of minus EUR 0.01 (first quarter of 2001: minus EUR 0.15). Costs in the first quarter of 2002 were reduced considerably compared to the same quarter last year. Personnel expenses decreased by 22 %, other operating expenses were reduced by 45 %. As of 31 March 2002, cash and cash equivalents amounted to EUR 6.5 million and secunet had an equity ratio of 75%. Orders on hand nearly doubled in the first quarter of 2002. As of 31 March 2002, the orders on hand amounted to EUR 10.8 million after reaching EUR 5.5 million at the end of 2001 and EUR 6.7 million as of 31 March 2001. This increase was due in large part to our family of solutions for secure internetwork architecture SINA, which secunet developed together with the German Federal Office for IT security. With respect to these developments, management believes there is a good chance of achieving a balanced result for the entire year 2002 as planned. For further information please contact: Dr. Jörg Chittka, Head of Investor Relations, secunet Security 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 07.05.2002 ——————————————————————————– WKN: 727650; ISIN: DE0007276503; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München, Stuttgart 070730 Mai 02