secunet Security Networks AG / Interim Report/Quarter Results
06.11.2009
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secunet 9-Month-Report 2009: Further growth in sales
- Continued sales growth: up 12% year-on-year
- Result impacted by sales structure and one-off effects
- Order volume high: continued optimistic outlook
[Essen, 6 November 2009] secunet Security Networks AG, a leading German
supplier of products and solutions for IT security and high-security,
increased sales by 12% on the previous year in the period from January to
September 2009. Earnings before interest and taxes (EBIT) were impacted by
the sales structure and a one-off tax provision and, at Euro -0.5m, were
down considerably on the prior-year figure. The continued growth in the
company's order volume is a positive sign. secunet is publishing its
9-month report for 2009 today.
Group sales of secunet Security Networks AG grew by 12% in the first nine
months of 2009 from Euro 33.2m in the previous year to Euro 37.2m. This
increase can be attributed to growth in the Government business unit, which
addresses the needs of public-sector customers. As a consequence of the
financial and economic crisis, business was weaker in the Private Sector
division, which focuses on customers in private business. The strong growth
in the Public Sector division was more than able to compensate for this.
Compared with the previous year, expenses in the secunet Group rose by 13%
to Euro 38.1m in the period from January to September 2009. While
depreciation and amortisation (around Euro 0.6m in 2008 and 2009) were
largely unchanged and personnel expenses (up 12% to Euro 15.4m) essentially
developed in line with the increase in the number of employees, the cost of
materials and other operating expenses rose disproportionately in relation
to sales. In comparison with the previous year, the costs of purchased
materials and services increased by 16% to Euro 14.4m in the first nine
months of 2009 - chiefly as a result of projects involving a high
proportion of hardware. Owing to a provision for a tax back payment, other
operating expenses rose by 14% to Euro 7.8m in the same period. These
expenses were the main reason behind the fall in earnings before interest
and taxes (EBIT) in the first nine months of 2009, from Euro 0.3m in the
previous year to Euro -0.5m. After tax, the result posted for the period
was Euro -0.3m (previous year: Euro 0.5m). Earnings per share for January
to September 2009 amounted to Euro -0.04 compared with Euro 0.08 in the
previous year.
The company's business performance was also reflected in its cash flow.
Owing to changes in current assets and provisions, cash flow dropped in the
first nine months of 2009, from Euro -3.4m in the previous year to Euro
-7.5m.
Looking ahead to the end of 2009 and the medium-term future, the sustained
growth enjoyed during recent quarters and the high volume of orders are
positive indicators. The threats to public and private IT infrastructures
remain high and hence also the demand for high-quality IT security, as
shown by secunet Security Networks AG's order book: as at 30 September
2009, the volume of orders had grown by 40% in comparison with the previous
year to Euro 31.0m.
'The main focus of our business to date, particularly on the results side,
has always been in the fourth quarter. This will not be any different in
2009,' says Dr. Rainer Baumgart, Chairman of the Executive Board of secunet
Security Networks AG, commenting on the company's current business
performance. 'secunet enjoys an excellent position as a supplier of IT
security for the needs of public authorities, and will continue to grow in
this area. Once the crisis has ended, we also expect to see positive
developments in the private sector.'
You will find secunet Security Networks AG's 9-Month-Report and other
information at www.secunet.de.
Dr Kay Rathke
Director Corporate Communications
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: presse@secunet.com
http://www.secunet.com
06.11.2009 Financial News distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: secunet Security Networks AG
Kronprinzenstrasse 30
45128 Essen
Deutschland
Phone: +49 (0)201 - 5454 - 1234
Fax: +49 (0)201 - 5454 - 1235
E-mail: investor.relations@secunet.com
Internet: www.secunet.com
ISIN: DE0007276503
WKN: 727650
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hannover, München, Hamburg, Stuttgart
End of News DGAP News-Service
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DGAP-News: secunet Security Networks AG: secunet 9-Month-Report 2009 - Further growth in sales
| Source: EQS Group AG