Press release BoxID: 150892 (secunet Security Networks AG)
  • secunet Security Networks AG
  • Kurfürstenstraße 58
  • 45138 Essen
  • Contact person
  • Patrick Franitza
  • +49 (201) 5454-300

secunet substantially increases revenue and profits

secunet publishes interim results for 2007

(PresseBox) (Essen, ) secunet Security Networks AG, leading provider of IT security products and services, increased its revenue by 13% and its earnings before interest and taxes (EBIT) by 60%. The company today published provisional figures for the financial year just ended. secunet looks forward with confidence to the coming year, with its order book at a record level.

In the 2007 financial year just ended, the secunet group generated net revenues of Euro 41.3 million. This represents an increase of 13% over 2006 (Euro 36.5 million). The first and last quarters of 2007 were especially strong, with revenues of Euro 8.1 million and Euro 14.2 million respectively, both 20% up on the previous year.

The company also substantially improved its earnings before interest and taxes, with EBIT reaching Euro 3.5 million, 60% up on 2006. The EBIT margin was 8.4%, against 5.9% the previous year. The fourth quarter was particularly profitable, with EBIT at Euro 2.5 million and an EBIT margin of 17.6%.

"secunet is back on the road to growth", declared Dr. Rainer Baumgart, CEO of secunet Security Networks AG. "We are very well established in our traditional market, and we will benefit from future trends."

secunet looks forward with confidence to the new year, with an order book worth Euro 16.8 million at the end of December 2007. This is the highest year-end order book volume ever achieved by the company.