07.08.2018
secunet Security Networks AG DE0007276503
DGAP-News: secunet Security Networks AG Concludes H1 2018 with Success
DGAP-News: secunet Security Networks AG / Key word(s): Half Year Results
secunet Security Networks AG Concludes H1 2018 with Success
07.08.2018 / 08:00
The issuer is solely responsible for the content of this announcement.
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secunet Security Networks AG Concludes H1 2018 with Success
- Sales increase by 15% in the first six months
- EBIT up by 54% year-on-year
- Order book slightly decreased
- Forecast for the full year unchanged
[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.
Contact
Dr. Kay Rathke
Head of Investor Relations
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, e-government, business
security and automotive security, and develop innovative products in these
fields in addition to highly secure and reliable solutions. secunet has more
than 500 national and international customers, including many DAX companies,
public authorities, and organisations. The company is an IT security partner
to the Federal Republic of Germany and a partner of the German Alliance for
Cyber Security.
secunet was founded in 1997 and achieved revenues of 158.3 million euros in
2017. 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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07.08.2018 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.
The DGAP Distribution Services include Regulatory Announcements,
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, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
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