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secunet Security Networks AG Kurfürstenstraße 58 45138 Essen, Germany http://www.secunet.com
Contact Mr Patrick Franitza +49 201 5454300
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secunet Security Networks AG

secunet publishes its 2010 annual results

(PresseBox) (Essen, )
secunet Security Networks AG, a leading German supplier of IT security and IT security partner of the Federal Republic of Germany, today publishes its annual results for the 2010 financial year.

Group revenue declined by Euro 64.0m to Euro 59.5m year-on-year. This development was the result of two main factors. Firstly, large-scale projects planned by the German army, a major customer, were postponed due to the structural changes currently being implemented within the army organisation. Secondly, the projects awarded as a result of the German government's economic programme came to an end.

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