Ad-hoc | 8 November 2001 07:31

Secunet AG english

secunet parts with foreign affiliates – profitability is given top priority Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– secunet Security Networks AG is pushing its cost cutting programme and will therefore part with its US-American subsidiary seculab Inc., secunet Security Networks Nederland B.V. and safenet/secunet Seguranca de Sistemas de Informacao Lda. in Portugal. The reason for this clear cut is the fact that the foreign affiliates decidedly fall short of the planning. The measures taken will result in additional cost reductions of more than EUR 1 million p.a. According to preliminary calculations secunet has increased its sales by 47% to EUR 16.2 million within the period of January to September 2001 (January to September 2000: EUR 11 million). Sales achieved in the 3rd quarter (July to September) amount to EUR 4.5 million and thus are 4% lower than sales in the comparison period in the year 2000 (EUR 4.7 million). The operative result (EBIT – Earnings before Interest and Taxes) in the first nine months of the business year came to EUR -4.3 million corresponding to an extension of losses by 3% compared to the reference period of the preceding year (EUR -4.2 million). The 3rd quarter 2001 viewed separately turns out an EBIT of EUR -1.4 million (3rd quarter 2000: EUR -1.0 million). The current order situation indicates that the 4th quarter, too, which traditionally showed the highest volume of sales, will turn out to be rather restrained due to the weak cyclical environment. Nevertheless, secunet will take a major step on its path towards break-even. All in all, management expects a growth in sales by ca. 20% to EUR 21 million and an EBIT just under EUR -7 million for the business year 2001. The EBIT figure comprises the additional strain on the result due to the parting with the foreign affiliates. This amount of estimated EUR 2.1 million does not affect the cash flow. EBIT – adjusted by this special effect – will be in a range of EUR -4.5 to -5.0 million for the year 2001. The detailed 9-month results will be presented by secunet on 15th November 2001. 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 08.11.2001 ——————————————————————————– WKN: 727650; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München, Stuttgart 080731 Nov 01