[Essen, 29 September 2009] secunet Security Networks AG will see a further increase in sales in third-quarter 2009, and thus for the first nine months of 2009 as a whole. Provisional estimates peg third quarter sales at EUR 11.8 million (+6% versus previous year), with sales for the period from January to September 2009 at EUR 37.3 million (+12% versus previous year).
However, due to the way its sales are broken down, the company will be unable to meet expectations for earnings before interest and tax (EBIT). Moreover, the 2009 quarterly and nine-month results are being negatively impacted by a one-off tax provision. Therefore, overall the company is posting an estimated EBIT of EUR -0.8 million for the third quarter (previous year: EUR -0.1 million) and an EBIT of EUR -0.5 million for the first nine months (previous year: EUR -0.3 million). secunet Security Networks AG is holding off on releasing a forecast for its annual results due to seasonal factors related to its business (a traditionally strong fourth quarter).
The company will publish its complete results for third-quarter 2009 on 6 November 2009.
Disclaimer
This press release contains prospective statements. Prospective statements are statements which do not describe actual facts from the past; they also comprise of statements about our suppositions and expectations. Every statement in this press release which reflects our intentions, suppositions, expectations or forecasts (together with the suppositions which give rise to such views) constitutes a prospective statement. These statements refer to plans, estimates and forecasts which the management of secunet Security Networks AG currently dispose of. Thus prospective statements only refer to the day on which they were made. We shall accept no obligation to further develop such statements in the light of new information or future results.
