secunet Security Networks AG

Earnings Release • Jan 27, 2011

News Details

Corporate | 27 January 2011 11:45

secunet Security Networks AG: secunet: preliminary annual result for 2010 confirms forecast

secunet Security Networks AG / Key word(s): Preliminary Results

27.01.2011 / 11:45

[Essen, 27 January 2011] secunet Security Networks AG, the leading German
provider of sophisticated IT security and IT security partner of the
Federal Republic of Germany, today published its preliminary figures for
the financial year just ended, according to which secunet posted sales of
59.5 million Euro for fiscal 2010. secunet also achieved earnings before
interest and taxes (EBIT) totaling 3.6 million Euro. These figures confirm
the most recently published forecast.

In fiscal 2010, the secunet Group posted sales of 59.5 million Euro.
Compared with the previous year (64.0 million Euro), this represents a
decrease in sales of 4.5 million Euro or 8%. The reason for this is
postponement in the acquisition of large-scale projects from public sector
clients, especially from the German Armed Forces, one of secunet's major
customers. According to the preliminary calculations, secunet also achieved
earnings before interest and taxes (EBIT) of 3.6 million Euro in the
financial year just ended. Measured against the previous year's EBIT of 3.9
million Euro, this represents a decrease of 0.3 million Euro or 8%.

Originally, secunet expected significantly lower values. The positive
fourth quarter was decisive in achieving the improved prognosis; sales of
almost 21 million Euro and EBIT of 3.4 million Euro were achieved in the
last quarter. Traditionally, the fourth quarter is always the best in the
course of the year for secunet Security Networks AG. In 2010, EBIT were
positively influenced by a high degree of capacity utilization and the
purchase of a major license.

'Thanks to the excellent fourth quarter, we managed to turn the results for
fiscal 2010 around, despite initial difficulties,' commented Dr. Rainer
Baumgart, CEO of secunet Security Networks AG. 'The level of threat is
still high, which means the demand for state-of-the-art IT security will
also remain high.'
secunet Security Networks AG will publish its comprehensive 2010 annual
report on March 24, 2011.

End of Corporate News

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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

End of News DGAP News-Service

110193 27.01.2011