[Essen, 7 August 2018] secunet Security Networks AG (ISIN DE0007276503, WKN 727650), a leading German supplier of high-quality, reliable IT security and an IT security partner to the Federal Republic of Germany, today published its Half-Year Report relating to the period ending 30 June 2018. Both sales and earnings before interest and taxes (EBIT) have increased. The existing forecast for the full year is confirmed.
In the first half of 2018, secunet Group increased its revenues by 15%, i.e. 8.4 million euros, to 63.2 million euros (previous year: 54.8 million euros). Revenue growth was largely the result of increased demand in the product business (trade goods, licences, maintenance and support – primarily for the SINA product family), with a continued high level of capacity utilization in the service business (consultancy and development).
Due to growth in the product segment and sustained good capacity utilisation with respect to consultancy, expenditure in secunet Group increased less than revenues did; this improved earnings before interest and taxes (EBIT) by 2.8 million euros in the first half of 2018 compared to the same period in the previous year, from 5.0 million euros in H1 2017 to 7.8 million euros. secunet Group generated 5.2 million euros in Group earnings in the first half of 2018, compared to 3.4 million euros in the previous year. Earnings per share increased from 0.52 euros in the first half of 2017 to 0.80 euros in the first half of the current year.
The company’s order backlog amounted to 68.1 million euros as at 30 June 2018, and is therefore slightly lower than the order backlog as at the previous year’s reporting date (77.3 million euros). This is due to the federal authorities’ provisional budget management in the first half of 2018, which has meant that procurements have not yet been commissioned.
“Our high-quality and trusted cyber security solutions continue to be in high demand in an environment characterised by threats. As such, we have concluded a successful first half of 2018,” commented Dr Rainer Baumgart, Chairman of the Management Board of secunet Security Networks AG. “The 2018 federal budget only came into effect at the beginning of July, and there is currently no way to estimate the effects on the second half of the year which will arise from the federal authorities’ lengthy preliminary budget management. The volume of procurement by the federal authorities is still uncertain: We are therefore keeping with our forecast for the full 2018 year.”
The Management Board affirms its forecast for the 2018 financial year. Group revenue and EBIT are expected to be slightly below the figures for the previous year (2017 sales were 158.3 million euros, and the 2017 EBIT was 23.5 million euros).
The 2018 Half-Year Report for secunet Security Networks AG is available to download at www.secunet.com under The Company > Investor Relations > Financial Reports and News. Next date in the financial calendar: 9 November 2018: Publication of the Quarterly Group Statement regarding the period ending 30 September 2018.
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