secunet 3-Month Report 2013: Revenue increasing, Outlook for 2013 unchanged

In the first quarter of 2013, the secunet Group generated revenue totalling Euro 14.1m. Compared with the previous year (Euro 12.5m), this represents an increase of 13%. The Public Sector business unit and the Business Sector business unit have both contributed to this increase in revenue.

The Business Sector business unit provides IT security consulting and solutions for companies in the private sector. The Business Sector clearly increased revenue by 23% from Euro 3.0m in the first quarter of 2012 to Euro 3.6m in the first quarter of 2013. The strong increase continues to be borne by major projects in the area of mobile security, in which secunet works together with Giesecke & Devrient. The contribution of the Business Sector business unit to the Group revenue rose from 24% in the first quarter of 2012 to 26% in the current reporting period.

The Public Sector business unit increased revenue by 10% from Euro 9.6m in the first quarter of 2012 to Euro 10.5m in the current reporting period. The product portfolio in the Public Sector includes the High Security solutions based on the SINA product range, as well as IT security solutions and consulting for e-government, authorities and international organisations. The Public Sector contributed 74% of the Group revenue in the first quarter of 2013.

The earnings before interest and taxes (EBIT) of the secunet Group for the period from January to March 2013 totalled Euro -0.2m. Compared with the previous year's value of Euro 0.2m, this represents a decrease of around Euro 0.4m. The difference from the previous year was created by extraordinary additional expenditure on projects.

Earnings for the period after tax totalled Euro -0.1m in the first quarter of 2013, compared with Euro 0.1m in the first quarter of 2012. Earnings per share for the first three months of the year fell by Euro 0.02 to Euro -0.02.

The secunet Security Networks AG order book measured according to IFRS totalled Euro 35.6m as at 31 March 2013, which at -1% was only just below the value for the same reporting date of the previous year. This provides the basis for a reliable outlook for the 2013 financial year.

"secunet is an established partner for IT security in the market. This is confirmed by the sustained positive revenue development," explains Dr Rainer Baumgart, CEO of secunet Security Networks AG. "With the goal of continued profitable growth, we have optimised our structure. This has made us even more efficient in terms of product management and sales. This means even more attractive offers for our customers."

The Company's Management Board is standing by its unchanged forecast for 2013: A moderate revenue increase with earnings before interest and tax (EBIT) remaining at the same level as the previous year is anticipated for the current financial year.

Next date in the financial calendar: Ordinary Annual General Meeting on 15 May 2013.

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