From January to June 2012, the secunet Group generated revenue of Euro 25.3m. This corresponds to an increase of Euro 3.6m or 17% compared with the same period in the previous year (Euro 21.7m). The increase in revenue is due to strong growth in the service business (consulting and development), particularly in the Business Security business unit, which offers IT security services to companies. The growth in revenue in this segment comes from a number of large projects in the Mobile Security sector. Hardware sales have only risen slightly, while income from licences remained unchanged compared with the previous year.
secunet concluded the first half of 2012 with earnings before interest and tax (EBIT) of Euro -0.8m. This figure is more or less the same as the previous year. The main reason for this earnings trend was the increased cost of sales, which rose significantly for two reasons: On the one hand was the purchase of third-party services to cover peaks in capacity utilisation, and on the other the unexpectedly high additional expenditure incurred by some projects. These one-off effects amounted to Euro 0.6m. Selling expenses and general administration costs increased at a disproportionately low rate compared with revenue.
Despite the one-off charges, the Group profit for the period January to June improved from Euro -0.6m last year to Euro -0.3m in the current year (2012). Earnings per share for the first six months of 2012 were Euro -0.05; in the previous year, this figure was Euro -0.10.
As at 30 June 2012, the value of the secunet Group's order book stood at Euro 38.0m. This constitutes a 26% rise on the previous year's value of Euro 30.1m. The order book contains a large number of small to medium-sized projects as well as several large orders in every business unit. The latter largely accounted for this significant increase and will continue to have a positive effect on the development of Group revenue in the medium term.
"The strong grown and consistently full order book are the result of our successful sales activities: In addition to major projects, we have also won several tenders for framework agreements", commented Dr. Rainer Baumgart, Chairman of the Management Board of secunet Security Networks AG.
In light of the business figures for the first half and the continued optimistic outlook for the second half of 2012, the Board is standing by its forecast for sales and EBIT of Euro 60m and Euro 5m respectively for 2012.
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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.
