secunet Security Networks AG

  • WKN: 727650
  • ISIN: DE0007276503
  • Land: Deutschland

Nachricht vom 09.11.2018 | 08:00

Interim result after the first nine months of 2018: secunet Group achieves sustainable growth

DGAP-News: secunet Security Networks AG / Key word(s): Quarterly / Interim Statement

09.11.2018 / 08:00
The issuer is solely responsible for the content of this announcement.


Interim result after the first nine months of 2018: secunet Group achieves sustainable growth

[Essen, 9 November 2018] secunet Security Networks AG (ISIN DE0007276503, WKN 727650), a leading German supplier of high-quality, reliable IT security and an IT security partner of the Federal Republic of Germany, today published its Quarterly Group Communication relating to the period ending 30 September 2018. Earnings before interest and taxes (EBIT) have increased year on year. The Management Board is slightly increasing its forecast for the full 2018 year.

In the period from January to September 2018, secunet Group achieved revenue of 98.0 million euros. When compared to revenue from the same period of the previous year (92.7 million euros), this represents an increase of 5.7% or 5.3 million euros, which primarily results from the growth in product business (trade goods, licenses, maintenance and support).

secunet Group achieved earnings before interest and taxes (EBIT) of 13.7 million euros in the first nine months of 2018. Compared to the EBIT in the same reporting period of the previous year (10.2 million euros), this corresponds to an improvement of 3.5 million euros, or 35%. The positive trend in earnings is due to the increase in product sales.

As at 30 September 2018, secunet Security Networks AG's order book according to IFRS totalled 68.6 million euros, compared with 70.5 million euros as at the previous year's reporting date.

"secunet is extremely well positioned in the growth market of IT security, and is a sought-after partner for premium and trusted IT security; this is clearly illustrated by the positive business performance in the first nine months of the year and continued high volume in the order book," commented Dr. Rainer Baumgart, Chairman of the Management Board of secunet Security Networks AG. "We are expecting the positive results to continue, and are therefore adapting our forecast for the full year upward."

In the context of the earnings achieved and given the existing sales opportunities for the fourth quarter of 2018, the Management Board is slightly increasing its forecast for 2018: revenue and EBIT for the 2018 financial year are expected to be at approximately the level of the previous, record year.

The Group Quarterly Communication relating to the period ending 30 September 2018 is available to download from www.secunet.com/en/ under The company / Investor Relations / Financial Reports and News. Next date in the financial calendar: Publication of preliminary figures for the 2018 financial year on 29 January 2019.

Contact

Dr. Kay Rathke
Head of Investor Relations

Patrick Franitza
Deputy Press Officer

secunet Security Networks AG
Kurfürstenstraße 58
45138 Essen, Germany
Tel.: +49 201 5454-1234
Fax: +49 201 5454-1235
Email: presse@secunet.com
http://www.secunet.com

About secunet
secunet is one of the leading German providers of high-quality IT security. Over 400 experts work in the areas of cryptography, e-government, business security and automotive security, and develop innovative products in these fields in addition to highly secure and reliable solutions. secunet has more than 500 national and international customers, including many DAX companies, public authorities and organisations. The company is an IT security partner to the Federal Republic of Germany and a partner of the German Alliance for Cyber Security.
secunet was founded in 1997 and achieved revenues of 158.3 million euros in 2017. secunet Security Networks AG is listed on the Prime Standard of the German Stock Exchange.
Further information can be found at www.secunet.com.

Disclaimer
This press release contains predictive statements. Predictive statements are statements that do not describe facts of the past; they also include statements regarding our assumptions and expectations. Any statement in this press release that conveys our intentions, assumptions, expectations or predictions (and the assumptions on which they are based) is a predictive statement. These statements are based on planning, estimates and forecasts that are currently available to the management of secunet Security Networks AG. Predictive statements therefore only apply to the day on which they were made. We assume no obligation to update such statements with regard to new information or future events.



09.11.2018 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.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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