Secunet 3-Month Report 2014: First Quarter Unsatisfactory, Confidence for the Full Year 2014
Press release
secunet 3-Month Report 2014: first quarter unsatisfactory, confidence for the full year 2014
[Essen, 07 May 2014] secunet Security Networks AG (ISIN DE0007276503, WKN 727650), a leading German supplier of high-quality IT security and an IT security partner of the Federal Republic of Germany, publishes its 3-Month Report for 2014 today.In the first quarter of 2014, the secunet Group achieved revenue of Euro13.8million (previous year Euro14.1million) and earnings before interest and taxes (EBIT) of Euro-1.3million (previous year Euro-0.2million). The order book is on par with the previous year’s high level and the Management Board is reaffirming its forecast for the full year 2014.
In the first quarter of 2014, the secunet Group generated revenue of Euro13.8million. Compared to revenue in the same period last year (Euro14.1million), this is equivalent to a decline of 3%. This development was the result of weaker performance in the product and consulting business, mainly due to the provisional budget management of the German federal authorities.
The revenue contribution of the individual segments remains unchanged. The Public Sector business unit continues to contribute the majority (75%) of revenue, with its contribution standing at Euro10.2million (previous year Euro10.5million). The Public Sector unit offers products from the SINA high-security range, as well as IT security products and services for public customers. The Business Sector business unit, which offers services and solutions to meet the specific requirements of companies in the private sector, achieved 25% of the Group revenue with Euro3.5million (previous year Euro 3.6million).
In the first quarter, costs in the secunet Group rose by Euro0.7million or 5%, from Euro14.3million in the previous year to Euro15.0million. In conjunction with the decline in revenue of Euro0.4million, the earnings before interest and taxes (EBIT) fell by Euro 1.1million. The EBIT decreased from Euro0.2million in the first quarter of 2013 to Euro1.3million in the first quarter of the current year.
The result after taxes for the period from January to March 2014 was a loss of Euro-0.9million compared with Euro-0.1million in the previous year. Earnings per share for the first quarter of 2014 amounted to Euro-0.14 compared with Euro-0.02 in the previous year.
At Euro35.6million, the order book in the secunet Group is on par with the previous year’s high level.
"The first quarter did not fulfil our expectations, particularly with regard to the EBIT," commented Dr Rainer Baumgart, Chairman of the Management Board of secunet Security Networks AG. "The provisional budget management of the German financial authorities is still having a detrimental effect on secunet. But the order book level is still high and we envisage an increase in procurements in the second half of the year, which justifies our confidence across the full year and the fact that we are not changing our forecast."
For the current year 2014, the Management Board reaffirms its forecast of a significant increase in both revenue and earnings before interest and taxes (EBIT).
The 3-Month Report 2014 for secunet Security Networks AG is available to download at under Investor Relations > News and Publications.Next dates in the financial calendar: 14 May 2014 Ordinary General Meeting in Essen, 6 August 2014 publication of Half-Year Financial Report.
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Press contact
Christine Skropke
Press Officer
Patrick Franitza
Press Relations Officer
secunet Security Networks AG
Kronprinzenstr. 30
45128 Essen, Germany
Tel.: +49 201 5454-1234
Fax: +49 201 5454-1235
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About secunet
secunet is one of the leading German providers of high-quality IT security. Over 300 experts work in the areas of cryptography, e-government, business security and automotive security, and develop innovative products in these fields in addition to highly secure and reliable solutions. Many DAX companies as well as numerous authorities and organisations are among secunet's national and international customers, which number over 500 in total. secunet is an IT security partner of the Federal Republic of Germany and a partner of the German Alliance for Cyber Security.
secunet was founded in 1997 and achieved sales of Euro 63.9 million in 2013. secunet Security Networks AG is listed on the Prime Standard of the German Stock Exchange.
Further information can be found at .
Disclaimer
This press release contains predictive statements. Predictive statements are statements that do not describe facts of the past; they also include statements regarding our assumptions and expectations. Any statement in this press release that conveys our intentions, assumptions, expectations or predictions (and the assumptions on which they are based) is a predictive statement. These statements are based on planning, estimates and forecasts that are currently available to the management of secunet Security Networks AG. Predictive statements therefore only apply to the day on which they were made. We assume no obligation to update such statements with regard to new information or future events.
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