Earnings Release • Aug 7, 2013
Earnings Release
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Corporate | 7 August 2013 08:01
First half of 2013 for secunet: revenue grows, EBIT improves, annual forecast unchanged
secunet Security Networks AG / Key word(s): Half Year Results
07.08.2013 / 08:01
First half of 2013 for secunet: revenue grows, EBIT improves, annual forecast unchanged
[Essen, 7 August 2013] secunet Security Networks AG (ISIN DE0007276503, WKN 727650), a leading German supplier of high-quality IT security and an IT security partner of the Federal Republic of Germany, published its 6-Month Financial Report for 2013 today. In the period from January to June, revenue was up 8% on the previous year. EBIT at the end of the first six months had improved compared to the previous year. At the midway point of the year, the volume of orders remained at consistently high and the company is therefore standing by its forecasts for revenue and EBIT.
Between January and June 2013, the secunet Group generated revenue of Euro 27.3m. This corresponds to an increase of 8% compared to the same period in the previous year (Euro 25.3m). All business units have contributed to the increase in revenue. The revenue from the Business Sector, which offers IT security for companies in the private sector, has increased sharply. Here, revenue increased by 21% from Euro 6.0m in the first half of 2012 to Euro 7.2m in the current reporting period. In the Public Sector, which supplies the SINA high-security product range and IT security for government and international organisations, revenue rose by 4% from Euro 19.3m to Euro 20.1m in the first half of the current year.
secunet concluded the first half of 2013 with earnings before interest and tax (EBIT) of Euro -0.3m. This represents an improvement of Euro 0.4m compared to the previous year’s figure (Euro -0.7m). Key to this earnings trend are the low increase of 2% in the cost of sales from Euro 21.4m in the first six months of 2012 to Euro 21.8m in the current reporting period, along with the 1% decrease in general administrative costs to Euro 1.7m for the period between January and June 2013. At the same time, selling expenses rose by 44% from Euro 2.9m to Euro 4.1m, mainly due to higher personnel expenditure.
Due to the formation of deferred taxes, tax income of Euro 0.1m was generated in the first half of 2013, compared to Euro 0.3m in the same period in the previous year. Earnings after tax for the period of January to June 2013 therefore totalled Euro -0.26m compared to Euro -0.34m in the previous year. Earnings per share for the first six months of the year improved slightly from Euro -0.05 to Euro -0.04.
On 30 June 2013 the volume of orders of the secunet Group was worth Euro 32.0m according to IFRS, compared to Euro 32.7m in the previous year.
‘Our successful products continue to secure the long-term future of the secunet Group’s existing business. This is evident from the consistently high volume of orders,’ says Dr Rainer Baumgart, Chairman of the Management Board of secunet Security Networks AG. ‘There are also promising sales successes in other areas, which will contribute to our future growth. Overall, this basis allows us to be confident of future business performance.’
In light of the business figures for the first half and the continued optimistic outlook for the second half of 2013, the company’s Management Board is not changing its forecast for the year as a whole. A moderate revenue increase with earnings before interest and tax (EBIT) remaining at the same level as the previous year is anticipated.
Investor Relations contact
Dr. Kay Rathke, CIRO
Head of Investor Relations
Phone +49 201 54 54-1227
Fax +49 201 54 54-1228
E-mail: [email protected]
Press contact
Christine Skropke
Spokesperson
Patrick Franitza
Press Relations Officer
secunet Security Networks AG
Kronprinzenstrasse 30
45128 Essen/Germany
Phone +49 201 54 54-1234
Fax +49 201 54 54-1235
E-mail: [email protected]
About secunet
secunet is one of the leading German providers of high-quality IT security. Over 300 experts work in the areas of cryptography, e-government, business security and automotive security, and develop innovative products in these fields in addition to highly secure and reliable solutions. Many DAX companies as well as numerous authorities and organisations are among secunet’s national and international customers, which total over 500. secunet is IT security partner of the Federal Republic of Germany and partner in the Alliance for Cyber Security.
secunet was founded in 1997 and achieved sales of EUR 67.2 million in 2012. secunet Security Networks AG is listed on the Prime Standard of the German Stock Exchange
Additional data is available from www.secunet.com
Disclaimer
This press release contains prospective statements. Prospective statements are statements which do not describe actual facts from the past; they also comprise of statements about our suppositions and expectations. Every statement in this press release which reflects our intentions, suppositions, expectations or forecasts (together with the suppositions which give rise to such views) constitutes a prospective statement. These statements refer to plans, estimates and forecasts which the management of secunet Security Networks AG currently dispose of. Thus prospective statements only refer to the day on which they were made. We shall accept no obligation to further develop such statements in the light of new information or future results.
End of Corporate News
07.08.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG.
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| Language: | English |
| Company: | secunet Security Networks AG |
| Kronprinzenstrasse 30 | |
| 45128 Essen | |
| Germany | |
| Phone: | +49 (0)201 – 5454 – 1227 |
| Fax: | +49 (0)201 – 5454 – 1228 |
| E-mail: | [email protected] |
| 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 |
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| 224372 07.08.2013 |
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