Between January and September 2012, the secunet Group generated revenue of Euro 41.4m. This corresponds to an increase of Euro 8.5m or 26% compared with the previous year (Euro 32.8m). All the company's business units were able to report growth in revenue. With a sales increase of 91% compared with the previous year, the Business Security business unit, which supplies companies in the private sector, achieved the largest increase, followed by High Security (SINA product line, +29%).
In the first nine months of 2012, secunet considerably improved its earnings before interest and taxes (EBIT), bringing the previous year's figure of Euro -0.8m up to +0.7m. The business units Business Security and Government contributed to this improved result. The high cost of sales in the High Security business unit had a negative effect, resulting from the purchase of third-party services and one-off expenses in projects. Sales and administrative costs increased across the Group at a disproportionately low rate compared with revenue.
The Group net income for the period January to September improved from Euro -0.7m last year to Euro +0.8m in the current year (2012). Earnings per share for the first nine months of 2012 total Euro +0.06; in the previous year, this figure stood at Euro -0.06.
Compared with the previous year's figure of Euro 33.3m, the order book of the secunet Group increased by 53% and reached a new record value of Euro 50.9m on 30 September 2012.
"In the first nine months of the current year we have achieved very satisfactory business results – we see this as evidence of the successful strategic positioning of our company," commented Dr Rainer Baumgart, Chairman of the Management Board of secunet Security Networks AG.
The fourth quarter is traditionally the strongest quarter for secunet in terms of revenue and earnings. Currently, the earnings so far and the high order book indicate that the targets set for 2012 will be met. The company's Management Board therefore confirms its forecasts of Euro 60m for revenue and Euro 5m for EBIT for 2012.
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.
Financial Reports
