In the first half-year 2019, secunet Group increased sales revenue by 60% or 37.8 million euros from 63.2 million euros in the previous year to 101.0 million euros. While service revenues remained at an unchanged high level, the product business continued to grow. The strong growth is primarily due to sales of the secunet healthcare connector (secunet konnektor).
Due to the expansion of product business, expenditure in secunet Group rose to a lesser extent than sales revenue. As a result, earnings before interest and taxes (EBIT) improved by 51% or 4.0 million euros to 11.8 million euros in the first half of 2019 compared with 7.8 million euros in the prior-year period.
In the first half of 2019, secunet Group achieved a Group profit for the period of 7.7 million euros compared with 5.2 million euros in the previous year. Earnings per share were up from 0.80 euros in the first half of 2018 to 1.22 euros in the first half of the current year.
As at 30 June 2019, secunet Group’s order book in accordance with IFRS amounted to 81.0 million euros, compared with 68.1 million euros as at the previous year’s reporting date.
“secunet Group has made an excellent start to the 2019 financial year. All divisions have contributed to this – the successful rollout of the healthcare connector was decisive for the strong growth,” says Axel Deininger, CEO of secunet Security Networks AG. “The demand for high-quality and trustworthy IT security is consistently strong. This positive market environment and the well-filled order book leave us optimistic for the second half of the year.”
The Management Board of secunet Security Networks AG has confirmed its forecast for 2019 for secunet Group: it continues to expect sales revenues of around 190 million euros and earnings before interest and taxes (EBIT) of around 30 million euros (2018 financial year: sales revenues 163.3 million euros, EBIT 26.9 million euros).
The half-year financial report as at 30 June 2019 is available for downloading in the section Company / Investor Relations / Financial Reports and News at www.secunet.com. Next financial date: 6 November 2019 Publication of the Group Quarterly Statement as at 30 September 2019.
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.