secunet today presented the provisional non-certified figures for turnover and earnings for the 2006 fiscal year. They show a 11 % drop in turnover vis-à-vis 2005 from € 40.8 million to € 36.5 million. The main reason for weak turnover in 2006 was lack of demand from government customers in the first half-year 2006. The late passage of the budget put a heavy brake on procurement activities during this period. With no major changes to its cost structures, secunet achieved pre-tax earnings of € 2.1 million. This represents a drop of 53 % compared to the 2005 figures.
In spite of a disappointing overall result, secunet has shown a significant positive development throughout the 2006 fiscal year. Starting with a relatively weak first quarter, both turnover and EBIT steadily rose from quarter to quarter. In the 4th quarter 2006 secunet achieved turnover of € 11.8 million, a minus of 18 % compared to the record turnover of Q4-2005 (€ 14.3 million). At the same time EBIT reached € 1.3 million for Q4-2006 (-17 % compared to Q4-2005). The Q4-2006 EBIT margin comes to 11.0 % compared to the 11.2 % margin achieved in 2005.
To make it more independent of cyclical downturns in demand from specific customer groups, secunet has restructured its corporate organisation. Its two divisions “Public Sector“ and “Private Sector“ now make a clear distinction in addressing the existing target groups of government, public agencies and international organisations on the one hand, and private sector companies on the other. Within the divisions the focus is now very much on specialist areas. In the Public Sector division the core competencies in cryptology technologies and the SINA flagship product are now located in the High Security unit whilst the Government unit covers all other services and products for public sector customers. The “Private Sector“ division includes the Automotive unit for specialised automotive security whilst its Business Security unit covers IT security solutions for private sector companies.“Our new form of organisation enables us to respond to our customers’ requirements in a more focussed, more nuanced and much more demand-oriented way, “ says Dr. Rainer Baumgart, CEO of secunet Security Networks AG. “And this gives us further grounds for expecting yet another satisfactory growth rate in the 2007 fiscal year.”
Another reason for confidence is the positive state of orders on hand as of 31 December 2006 – at € 14.5 million it is some 2 % up over last year’s figures.
secunet shall publish the final figures for the 2006 fiscal year and its annual report on 29 March 2007.
Download
<link fileadmin pressemeldungen pressemeldungen_englisch download>[.pdf, 42 kB]
<link fileadmin pressemeldungen pressemeldungen_englisch download>[.doc, 67 kB]
