Corporate | 8 May 2003 07:30

Secunet AG english

secunet in Q1 2003: Consolidation successfully continued Corporate-news announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. ——————————————————————————– In the first quarter of 2003 secunet Security Networks AG’s revenues increased to EUR 5.1 million. This is a growth of 5 percent compared to the same period of last year (EUR 4.8 million). The development of revenues was due to the persistently weak economic environment as well as to increased product sales. The operative result (EBIT – earnings before interest and taxes) for the first three months of 2003 came in at minus EUR 0.3 million, which is EUR 0.1 million below the EBIT of the first quarter of 2002 (minus EUR 0.2 million). There was a net loss of EUR 0.2 million in the first three months of fiscal year 2003 (first quarter of 2002: minus EUR 0.1 million), which corresponds to earnings per share of minus EUR 0.03 (first quarter of 2002: minus EUR 0.01). Personnel expenses declined by three percent and other operating expenses decreased by 14 percent to EUR 1.1 million (first quarter of 2002: EUR 1.3 million). secunet was able to increase its orders on hand in the first quarter of 2003. As of 31 March 2003, the orders on hand totalled EUR 7.8 million, after reaching EUR 6.5 million at the end of 2002. secunet’s operations remain on a solid financial footing: As of 31 March 2003, cash and cash equivalents amounted to EUR 8.4 million and secunet had an equity ratio of 74 percent. The continued consolidation will make a significant contribution to the stabilization of secunet’s business performance. Based on this, management expects to achieve a balanced overall result in 2003 as planned, despite the muted economy. 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 message, (c)DGAP 08.05.2003 ——————————————————————————– WKN: 727650; ISIN: DE0007276503; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 080730 Mai 03