Corporate | 7 August 2003 07:30

Secunet AG english

Solid revenue trend – outlook unchanged Corporate-news announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. ——————————————————————————– Solid revenue trend – outlook unchanged secunet achieved revenues of EUR 10.3 million in the first six months of fiscal year 2003. Revenues were unchanged compared to the same period of last year (EUR 10.3 million). Looking at second-quarter figures alone reveals revenues of EUR 5.2 million, a decrease of 5 percent compared to the second quarter of 2002 (EUR 5.5 million). The development of revenues reflects the weak economic environment and it is also characterized by the increased share of products compared to the previous year. Earnings before interest and taxes (EBIT) in the first six months of 2003 were minus EUR 0.8 million, which is EUR 0.3 million below the EBIT of the first six months of 2002 (minus EUR 0.5 million). secunet recorded a net loss of EUR 0.5 million in the first six months of fiscal year 2003 (first six months of 2002: net loss of EUR 0.2 million). Earnings per share were minus EUR 0.07 (first six months of 2002: minus EUR 0.03). The EBIT for the second quarter of 2003 was minus EUR 0.5 million (second quarter of 2002: minus EUR 0.3 million). The net loss for the second quarter of 2003 was EUR 0.3 million (second quarter of 2002: net loss of EUR 0.1 million); earnings per share for the second quarter of 2003 were minus EUR 0.05 (second quarter of 2002: minus EUR 0.02). Personnel expenses, the most important item on the cost side, were EUR 6.1 million in the first six months of 2003, a decline by 4 percent compared to the same period in 2002 (EUR 6.4 million), while the number of employees was down from 185 (30 June 2002) to 176 (30 June 2003). Other operating expenses decreased by 5 percent to EUR 2.5 million (first six months of 2002: EUR 2.6 million). secunet’s operations are on a solid financial footing. As of 30 June 2003, cash and cash equivalents amounted to EUR 6.7 million. With total assets of EUR 20.9 million as of 30 June 2003, secunet had an equity ratio of 77 percent. As of 30 June 2003, secunet had orders on hand worth EUR 6.5 million (31 December 2002: EUR 6.5 million). Experience has shown that secunet records stronger sales and better operating results in the second half of the year than in the first; the fourth quarter, in particular, is usually the strongest of the year. secunet will also continue its strict cost management programme. In light of this, management continues to anticipate that a balanced result will be achieved overall in the year 2003, as planned. end of message, (c)DGAP 07.08.2003 ——————————————————————————– WKN: 727650; ISIN: DE0007276503; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 070730 Aug 03