Corporate | 2 August 2007 08:00
secunet Security Networks AG / Half Year Results
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
----------------------------------------------------------------------
• Sales increase by 12% to Euro 17.0 million
• Profitable business: EBIT Euro 0.4 million
• Orders on hand rise further to Euro 22.3 million (+46%)
[Essen, 2 August 2007] secunet Security Networks AG, leading provider of
solutions and products for IT security and high security, increased its
sales by 12% to Euro 17.0 million in the first half year 2007 compared with
the previous year. The business with IT security and high security is
profitable: The EBIT amounted to Euro 0.4 million at the end of the half
year. The volume of orders on hand lay at Euro 22.3 million as at 30 June
2007, an increase of 46% compared with the previous year figure. The
company maintains its expectations for the year overall.
The secunet group generated sales of approx. Euro 17.0 million in the first
half year 2007. The sales of the previous year were exceeded by 12%. The
reason for this is a continued increase in demand in all fields. In
Q2-2007, the sales of the secunet group increased by 5% from Euro 8.5
million in the same previous year period to approx. Euro 8.9 million.
Notwithstanding an increase of 5% in the level of employees as at 30 June
2007 (230 employees compared with 220 in the previous year), the personnel
costs increased by only 1.5% compared with the first half year 2006. The
amortization and depreciation fell by 1%. Due to a rise in deliveries, the
cost of materials increased by 13% compared with the previous year. There
was a sharp rise in the other operating expenses with +19% or, in absolute
terms, Euro 0.6 million.
At the same time, fewer reserves were released with effect on the result in
the first half year 2006 than in the previous year: Accordingly, the other
operating income fell by Euro 0.5 million.
secunet increased its EBIT by 24% compared with 2006: In the period from
January to June 2007, the secunet group achieved a result before interest
and taxes (EBIT) in an amount of Euro 0.4 million compared with Euro 0.3
million in the previous year. Since the increase in the other operating
expenses basically arose in the second quarter, the EBIT for Q2-2007, at
Euro 0.3 million, lies 29% below the previous year figure of Euro 0.4
million. After taxes, secunet achieved a profit for the half year in an
amount of Euro 0.3 million in comparison to Euro 0.2 million in the
previous year.
The company is publishing the business results of the secunet divisions for
the first time: In the Public Sector division which, with its activities,
is directed at authorities and other governmental organizations, sales of
Euro 12.3 million and an EBIT of Euro 0.3 million were achieved as at the
end of the half year. The Private Sector division achieved in the same
period sales in an amount of Euro 4.7 million and a result before interest
and taxes of Euro 0.1 million. The Private Sector division addresses the
needs of customers in the private economy.
The improved result situation is also reflected in the cash flow.
Notwithstanding the outgoings in liquid funds through the payment of
bonuses and the change in the short-term current assets, the cash flow from
operating activities improved from Euro -8.3 million in the previous year
to Euro -3.2 million in the first half year 2007.
The volume of orders on hand increased as at 30 June 2007 to Euro 22.3
million; a plus of 46% compared with the previous year.
'Our customer-oriented re-organization is showing effects in sales.
Moreover, we have been able to significantly increase our foreign
business', said Dr. Rainer Baumgart, CEO of secunet Security Networks AG.
'With an unchanged high demand, we are therefore confident that we will
fulfill the growth expectations formulated for the year overall.'
Dr. Kay Rathke
Head of Corporate Communications
secunet Security Networks AG
Kronprinzenstrasse 30
45128 Essen/Germany
Phone +49 201 54 54-300
Fax +49 201 54 54-301
E-mail: presse@secunet.com
http://www.secunet.com
DGAP 02.08.2007
----------------------------------------------------------------------
Language: English
Issuer: secunet Security Networks AG
Kronprinzenstrasse 30
45128 Essen
Deutschland
Phone: +49 (0)201 - 5454 - 300
Fax: +49 (0)201 - 5454 - 301
E-mail: investor.relations@secunet.com
Internet: www.secunet.com
ISIN: DE0007276503
WKN: 727650
Indices:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hannover, Düsseldorf, Hamburg, München, Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------------