In the period from January to September 2018, secunet Group achieved revenue of 98.0 million euros. When compared to revenue from the same period of the previous year (92.7 million euros), this represents an increase of 5.7% or 5.3 million euros, which primarily results from the growth in product business (trade goods, licenses, maintenance and support).
secunet Group achieved earnings before interest and taxes (EBIT) of 13.7 million euros in the first nine months of 2018. Compared to the EBIT in the same reporting period of the previous year (10.2 million euros), this corresponds to an improvement of 3.5 million euros, or 35%. The positive trend in earnings is due to the increase in product sales.
As at 30 September 2018, secunet Security Networks AG’s order book according to IFRS totalled 68.6 million euros, compared with 70.5 million euros as at the previous year’s reporting date.
“secunet is extremely well positioned in the growth market of IT security, and is a sought-after partner for premium and trusted IT security; this is clearly illustrated by the positive business performance in the first nine months of the year and continued high volume in the order book,” commented Dr. Rainer Baumgart, Chairman of the Management Board of secunet Security Networks AG. “We are expecting the positive results to continue, and are therefore adapting our forecast for the full year upward.”
In the context of the earnings achieved and given the existing sales opportunities for the fourth quarter of 2018, the Management Board is slightly increasing its forecast for 2018: revenue and EBIT for the 2018 financial year are expected to be at approximately the level of the previous, record year.
The Group Quarterly Communication relating to the period ending 30 September 2018 is available to download from www.secunet.com/en/ under The company / Investor Relations / Financial Reports and News. Next date in the financial calendar: Publication of preliminary figures for the 2018 financial year on 29 January 2019.
Disclaimer
This press release contains predictive statements. Predictive statements are statements that do not describe facts of the past; they also include statements regarding our assumptions and expectations. Any statement in this press release that conveys our intentions, assumptions, expectations or predictions (and the assumptions on which they are based) is a predictive statement. These statements are based on planning, estimates and forecasts that are currently available to the management of secunet Security Networks AG. Predictive statements therefore only apply to the day on which they were made. We assume no obligation to update such statements with regard to new information or future events.
