16.03.2017
secunet Security Networks AG DE0007276503
DGAP-News: secunet Security Networks AG: 2016 Annual Financial Statement, Profit Distribution and Forecast
DGAP-News: secunet Security Networks AG / Key word(s): Final
Results/Forecast
secunet Security Networks AG: 2016 Annual Financial Statement, Profit
Distribution and Forecast
16.03.2017 / 08:00
The issuer is solely responsible for the content of this announcement.
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secunet Security Networks AG: 2016 Annual Financial Statement, Profit
Distribution and Forecast
[Essen, 16 March 2017] secunet Security Networks AG (ISIN DE0007276503, WKN
727650), a leading German supplier of high-quality, reliable IT security,
and IT security partner to the Federal Republic of Germany, publishes its
Annual Financial Statement and Annual Report for the 2016 financial year
today.
In the 2016 financial year, secunet Group revenue increased by 27%, from
91.1 million euros in the previous year to 115.7 million euros. This has
been achieved as a result of strong growth in product business (sales of
merchandise, licenses, maintenance and support) as well as increases in
revenue from services (consulting).
Revenue rose for both secunet divisions (Public Sector and Business Sector),
with the majority of growth achieved in the Public Sector division.
The Public Sector division offers customers the SINA product family,
alongside a wide selection of products and services connected with IT
security for public-sector customers (including IT security consultancy and
training; products and consultancy on the subject of electronic passports;
advanced border control solutions; and the ELSTER electronic tax return
system). Compared to the previous year, revenue in Public Sector rose by
27%, or 21.0 million euros: from 79.2 million euros to 100.2 million euros.
The proportion of secunet Group revenue attributable to the Public Sector
division for the 2016 financial year amounted to 87% (previous year: 87%).
Public sector customers in Germany and abroad, as well as from international
organisations, therefore continue to constitute the focus target group for
secunet.
Revenue in Business Sector increased by 30% or 3.6 million euros, rising
from 11.9 million euros in the previous year to 15.5 million euros. The
Business Sector division offers (consulting) services and solutions to meet
the specific requirements of companies in the private sector. Its main
target groups are critical infrastructure providers and operators, as well
as the automotive industry. The Business Sector contribution to the Group's
revenue remains unchanged from the previous year, at 13%.
secunet Group earnings before interest and taxes (EBIT) increased by 59%
compared to the previous year, rising from 8.6 million euros to 13.7 million
euros. This improvement in EBIT resulted primarily from significantly
increased revenue in the product business. Expenses grew only by a
disproportionately low amount compared to revenue. At the same time, good
capacity utilisation in the consultancy sector had a positive effect.
secunet Group generated a Group net income of 9.2 million euros in the 2016
financial year, corresponding to an increase of 3.1 million euros or 51%
compared to the previous year (6.1 million euros). Diluted and undiluted
earnings per share in 2016 stood at 1.43 euros, compared with 0.94 euros in
the previous year.
Net income for secunet Security Networks AG for the year increased from 5.5
million euros in 2015 to 9.4 million euros in 2016. Shareholders in secunet
AG have benefited from this positive trend: at the Annual General Meeting -
due to take place on 4 May 2017 in Essen, Germany - the Supervisory Board
and Management Board of secunet Security Networks AG will recommend that a
dividend of 0.58 euros be paid out for each no-par value share that is
entitled to dividend (previous year: 0.34 euros).
"We offer our customers high-quality, trustworthy IT security that is
tailored to their needs. In the 2016 financial year, the secunet Group
achieved an outstanding result using this strategy," says Dr Rainer
Baumgart, CEO of secunet Security Networks AG.
The secunet Group order book in accordance with IFRS, amounts to 70.8
million euros at the end of 2016 and has therefore increased by 55% or 25.1
million euros, as compared to the figure of 45.7 million euros at 31
December 2015.
The secunet AG Management Board's expectations for the 2017 financial year
are conservative. The Bundestag elections may be followed by preliminary
budget management, which may in turn restrict acquisitions. Taking into
account the potential dampening effect of this factor, and in view of the
very good business results already achieved in 2016, the Management Board
expects that revenue for the coming 2017 financial year will be slightly
lower than that of the previous year. In line with its revenue development
expectations, the secunet AG Management Board expects a moderate decline in
EBIT for the 2017 financial year compared to the previous year, as well as a
slightly lower EBIT margin.
More information can be found at www.secunet.com. Next date in the financial
calendar: 3 May 2017: Publication of the Quarterly Group Communication
regarding the period ending 31 March 2017.
Contact
Dr Kay Rathke
Head of Investor Relations
Christine Skropke
Press Officer
Patrick Franitza
Deputy Press Officer
secunet Security Networks AG
Kurfürstenstraße 58
45138 Essen, Germany
Tel.: +49 201 5454-1234
Fax: +49 201 5454-1235
Email: [email protected]
http://www.secunet.com
About secunet
secunet is one of the leading German providers of high-quality IT security.
Over 400 experts work in the areas of cryptography, eGovernment, business
security and automotive security, and develop innovative products in these
fields in addition to highly secure and reliable solutions. Many DAX
companies as well as numerous authorities and organisations are among
secunet's national and international customers, which number over 500 in
total. secunet is an IT security partner of the Federal Republic of Germany
and a partner of the German Alliance for Cyber Security.
secunet was founded in 1997 and achieved revenues of 115.7 million euros in
2016. secunet Security Networks AG is listed on the Prime Standard of the
German Stock Exchange.
Further information can be found at www.secunet.com.
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.
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16.03.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: secunet Security Networks AG
Kurfürstenstr. 58
45138 Essen
Germany
Phone: +49 (0)201 - 5454 - 1227
Fax: +49 (0)201 - 5454 - 1228
E-mail: [email protected]
Internet: www.secunet.com
ISIN: DE0007276503
WKN: 727650
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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