Ad hoc announcements
Ad hoc announcement § 15 WpHG secunet Security Networks AG: Jump in fourth-quarter earnings
[Essen, 22 December 2010] secunet Security Networks AG, Essen, is expected to close the fourth quarter of 2010 with a very good result. The company's Management Board is now projecting revenue of around EUR 20 million and EBIT of just over EUR 3 million for the fourth quarter of 2010. This would slightly exceed the previous full-year forecast made by the provider of sophisticated IT security solutions and IT security partner of the Federal Republic of Germany: the company now expects to post revenue in excess of EUR 58 million, compared with its earlier forecast of EUR 57 million. The jump in fourth-quarter revenue will also result in a much higher full-year EBIT than previously forecast: this is now expected to top EUR 3 million, compared with the Management Board's previous forecast of over EUR 2 million. Q4 is traditionally secunet's strongest quarter both in terms of revenue and EBIT. The sharp rise in EBIT is attributable to high capacity utilisation and a large share of revenue from licensing. The sale of a major licence had a disproportionate impact on licensing revenue.secunet will publish its preliminary figures for the 2010 financial year on 26 January 2011.