secunet Half-Year Report 2010: On target
secunet Security Networks AG's Group revenue for the first six months of the year rose by 7% or Euro 1.8 million yearonyear from Euro 24.1 million to Euro 25.8 million. This was due to lower capacity utilisation in the Business Security and Government business units. The High Security business unit, which sells the SINA product line, continues to account for the majority of the Group's revenue.
Earnings before interest and tax (EBIT) for the period from January to June 2010 were Euro -0.1 million, compared with Euro -0.5 million in the previous year. The improvement in the EBIT is partly the result of an increase in other operating income from Euro 0.8 million in the first half of 2009 to Euro 1.1 million in the current year, as well as a modest increase in expense items of 7%, proportional to revenue growth. The result for the period improved from Euro -0.5 million in the previous year to Euro -0.2 million in the first six months of 2010, while earnings per share for the period rose from Euro -0.08 to Euro -0.03.
The company's cash flow from operating activities rose from Euro -7.6 million for the period from January to June 2009 to Euro -2.5 million for the same period of the current financial year.
The company's order book at 30 June 2010 was Euro 22.5 million, compared with 28.1 million on the same reporting date in the previous year. This decline is due to the large projects currently in progress.
Commenting on the halfyear figures, Dr Rainer Baumgart, Chairman of the Management Board of secunet Security Networks AG, said "secunet found itself in a very stable business situation during the first half of the year, which we are very pleased about. As in past years, the third and fourth quarters will be decisive for our net income for the year - we maintain our forecast of stable revenue and earnings compared with last year."
secunet Security Networks AG's Annual General Meeting will take place in Essen on 25 August 2010. Our next financial report will be published on 10 November 2010, with an interim report on 30 September 2010 / 9-Month Report.
You will find the 6-Month report 2010 on the internet:
This press release contains prospective statements. Prospective statements are statements which do not describe actual facts from the past; they also comprise of statements about our suppositions and expectations. Every statement in this press release which reflects our intentions, suppositions, expectations or forecasts (together with the suppositions which give rise to such views) constitutes a prospective statement. These statements refer to plans, estimates and forecasts which the management of secunet Security Networks AG currently dispose of. Thus prospective statements only refer to the day on which they were made. We shall accept no obligation to further develop such statements in the light of new information or future results.
About secunet Security Networks AG
secunet is one of Germany's leading providers of superior IT security. In close dialogue with its customers - enterprises, public authorities and international organisations - secunet develops and implements highperformance products and stateoftheart IT security solutions. Thus, secunet not only keeps IT infrastructures secure for its customers, but also achieves intelligent process optimisation and creates sustainable added value.
At secunet, more than 270 experts focus on issues such as cryptography (SINA), egovernment, business security and automotive security aiming always to be one step ahead of competitors in terms of quality and technology. secunet emphasises on longterm relationships with its customers in an atmosphere based on partnership, as demonstrated by our successful security relationship with the Federal Republic of Germany which has been active since 2004.
Additional data is available from www.secunet.com