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Integralis confirming preliminary figures with the release of its consolidated financial statements for 2008
Best figures ever in the Company's history
As Europe's leading solution provider for IT security, Integralis was able to continue growing profitably in 2008. With revenues of € 168.9 million and post-tax profit of € 9.3 million, it substantially beat the figures for the previous year in which it had re-corded its best-ever performance in its twenty-year history.
Despite general economic trends, business in the fourth quarter of 2008 remained particularly strong. In fact, during this period alone, Integralis generated EBIT of € 3.1 million, more than half the amount achieved in the entire previous year.
With revenues up 6.7%, Integralis achieved solid growth. In absolute terms, the larg-est top-line contribution was provided by the UK, followed by Ger- many/Austria/Switzerland, which grew substantially over the previous year. Acquired one year earlier, ProtechT, which is based in the high-growth UA Emirates region, reported the greatest relative growth in revenues.
For the first time, Germany/Austria/Switzerland made the greatest contribution to consolidated earnings. EBIT from the UK was down primarily as a result of the weak pound. As with revenues, the UA Emirates proved to be the most dynamic region for Integralis.
All defined business segments expanded in the year under review. On an encourag-ing note, the proportion of recurring revenues (Support Services and Managed Secu-rity Services) grew at a substantially greater rate than non-recurring revenues. "The current economic conditions are helping to speed up the transformation process which we are seeking in favour of a greater share of revenues from IT services. As a straight IT security specialist, we help our customers cut their costs and concentrate on their core skills," says CEO Georg Magg, commenting on the strong growth in these high-margin segments. "With total order volumes reaching a new record at the end of the year, we are addi-tionally able to react from a position of relative strength."
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