In the period from January to March 2017, the secunet Group achieved revenue of 24.7 million euros. When compared to the revenue during the same period of the previous year (19.4 million euros), this represents an increase of 27% or 5.3 million euros, which is primarily due to growth in the product business (hardware and licences).
The secunet Group achieved earnings before interest and taxes (EBIT) of 0.9 million euros in the first three months of 2017. Compared to the EBIT in the same reporting period of the previous year (0.2 million euros), this corresponds to an improvement of 0.7 million euros. The positive trend in earnings is largely due to the increase in product sales.
"The demand for our products and solutions remains high," explained Dr Rainer Baumgart, Chairman of the Management Board of secunet Security Networks AG. "We are focusing on reliable and high-quality cybersecurity solutions 'made in Germany', and our sustained growth is testament to the success of this strategy."
As at 31 March 2017, secunet Security Networks AG's order book according to IFRS totalled 70.5 million euros, up 65% on the order book as at the previous year's reporting date (42.8 million euros).
"The first quarter of 2017 has given secunet a good start to the year. Nevertheless, our estimates concerning the framework conditions for our business have not changed; we therefore hold firm to our forecast for the 2017 financial year," commented Dr Baumgart. It is still anticipated that revenues and EBIT will be slightly below the previous year's level.
The Group Quarterly Communication relating to the period ending 31 March 2017 is available to download from www.secunet.com under Investor Relations / News and Publications / Financial Reports. Next date in the financial calendar: Ordinary General Meeting of secunet Security Networks AG on 04 May 2017 in Essen.
Financial Reports
