01.07.2019 cyan AG  DE000A2E4SV8

DGAP-News: cyan AG publishes audited IFRS consolidated financial statements 2018


DGAP-News: cyan AG / Key word(s): Miscellaneous
cyan AG publishes audited IFRS consolidated financial statements 2018

01.07.2019 / 10:08
The issuer is solely responsible for the content of this announcement.

cyan AG publishes audited IFRS consolidated financial statements 2018

Munich / 1 June 2019. cyan AG has published audited consolidated financial statements according to IFRS for the first time and on a voluntary basis. Accordingly, the annual financial statements only include five months of revenues from I-New AG, which was acquired in July 2018. Total revenues amounted to EUR 20.0 million, EBITDA reached EUR 3.4 million in 2018. Due to the first-time preparation of the consolidated financial statements, there were no comparable figures for the previous year.

Michael Sieghart, CFO of cyan AG: "The audited consolidated financial statements show that our preliminary pro forma consolidated figures for 2018 published in March were very conservative. The provisional pro forma consolidated revenues of EUR 22.9 million reported at the time had included I-New, acquired in July 2018, on a 12-month basis and would have to be significantly adjusted upwards due to massive consolidation effects. In particular, the acquisition of I-New has proved to be even more valuable than expected."

The first few months of 2019 have been very positive - in particular the preparations for the rollout at Orange, which will start in Q4 2019, are progressing rapidly.

Peter Arnoth, CEO of cyan AG: "We are currently in advanced negotiations with some other MNOs and MVNOs and are confident to be able to announce further contracts very soon".

cyan's management confirms its guidance for 2019 and continues to target revenue growth to EUR 35 million and EBITDA of EUR 20 million.

Note: The audited IFRS consolidated financial statements for 2018 are available for download in English at www.cyansecurity.com in the Investor Relations section.

About cyan:
cyan is a leading European provider of intelligent, white labeled IT security solutions with more than 15 years of experience in the area of IT security. cyan's holding company is based in Munich, Germany. The main business areas of the company are mobile security solutions for the end customers of mobile network operators and fixed line internet service providers (MNO, ISP), mobile virtual network operators (MVNO), the insurance and financial services sector and government institutions. With the acquisition of I-New in July 2018, cyan became a one-stop solution for MVNOs worldwide. Today, the group has more than 40 international MVNOs with around 5.5 million end consumers among its contractual partners. cyan's solutions can easily be integrated into the existing infrastructure of business partners and introduced to the market via a revenue share model. In addition, data protection is assured through full integration into the customer's own network environment. In December 2018 cyan has concluded a global group contract with Orange for its cyber-security solutions.

cyan operates its own research and development center and maintains close links to universities, international research institutes, security, financial and social organizations. This close collaboration ensures the early recognition of trends and technical developments for integration into cyan's products.

Further information is available at www.cyansecurity.com

Investor Contact
Florian Rukover, Head of IR
cyan AG

Press Contact
Frank Ostermair
Better Orange IR & HV AG
Tel. +49 89 88 96 906 14

01.07.2019 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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Language: English
Company: cyan AG
Friedrich-Herschel-Strasse 5
80679 Munich
Internet: www.cyansecurity.com
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange
EQS News ID: 833639

End of News DGAP News Service

833639  01.07.2019 


Die wichtigsten Finanzdaten auf einen Blick
  2013 2014 2015 2016 2017 2018 2019e 2020e
Umsatzerlöse1 0,00 0,00 3,73 3,35 3,59 20,01 26,75 42,00
EBITDA1,2 0,00 0,00 1,82 1,17 1,63 3,40 11,67 17,00
EBITDA-Marge3 0,00 0,00 48,79 34,93 45,40 16,99 43,63 40,48
EBIT1,4 0,00 0,00 1,78 1,12 1,46 0,37 5,53 0,00
EBIT-Marge5 0,00 0,00 47,72 33,43 40,67 1,85 20,67 0,00
Jahresüberschuss1 0,00 0,00 1,38 0,86 1,24 -0,11 4,53 0,00
Netto-Marge6 0,00 0,00 37,00 25,67 34,54 -0,55 16,93 0,00
Cashflow1,7 0,00 0,00 1,55 0,97 -0,05 3,66 -5,83 0,00
Ergebnis je Aktie8 0,00 0,00 0.16 0,10 0,15 -0,01 0,49 0,65
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2019 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: HLB Stückmann

WKN Kurs in € Einschätzung Börsenwert in Mio. €
A2E4SV 15,256 Halten 149,12
KGV 2021e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
12,71 23,65 0,517 76,28
1,82 - 5,57 12,075
Dividende '19 in € Dividende '20e in € Div.-Rendite '19e
in %
0,00 0,00 0,00 02.07.2020
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
28.05.2020 30.09.2020 13.12.2019 29.04.2020
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
3,03% -20,55% -26,30% -48,81%
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