secunet Security Networks AG

Earnings Release • Feb 28, 2003

News Details

Ad-hoc | 28 February 2003 07:40

Secunet AG english

secunet in 2002: Balanced EBIT, sales slightly up Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– secunet in 2002: Balanced EBIT, sales slightly up In the business year 2002 secunet Security Networks AG increased its sales by 3% to EUR 23.1 million (previous year: EUR 22.4 million). Adjusted for disposals the sales growth amounted to 11%. The operative result (EBIT) came in at EUR 0.1 million. By achieving a slightly positive EBIT the guidance given for the year 2002 was completely met. The basis for this success was secunet’s strict course of consolidation, resulting in cost cuts in the two most important cost items – personnel expenses and other operative expenses (EUR 5.4 million) – of 15% and 33% respectively. Personnel expenses amounted to EUR 12.8 million (previous year: EUR 15.1 million) and other operative expenses came in at EUR 5.4 million (previous year: EUR 8.1 million). The EBIT amounting to EUR 0.1 million is an improvement of EUR 5.8 million compared to the previous year (EUR -5.7 million). After interest and tax the net income comes to EUR 0.2 million (previous year: EUR -4.8 million). Earnings per share thus amount to EUR 0.04 (previous year: EUR -0.73). In the 4th quarter 2002 secunet achieved sales of EUR 7.3 million, up 18% compared to the previous year’s quarter (4th quarter 2001: EUR 6.2 million) and the EBIT amounted to EUR 0.5 million (4th quarter 2001: EUR -1.4 million). In the year 2002 liquid funds increased by EUR 3.1 million and amounted to EUR 11.0 million as at 31 December 2002. The equity ratio was 68%. This is a sound basis for the year 2003 for which – taking the weak economic environment into account – achieving a balanced annual result has again top priority. The above indications are preliminary. The final figures will be disclosed at the press conference on 25 March 2003. For further information please contact Dr. Jörg Chittka, Head of Investor Relations, secunet Security Networks AG, Phone +49 (0)2054 123 127, Fax +49 (0)2054 123 456, Email investor.relations@secunet.com end of ad-hoc-announcement (c)DGAP 28.02.2003 ——————————————————————————– WKN: 727650; ISIN: DE0007276503; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München und Stuttgart 280740 Feb 03