Secunet: Secunet starts with significant revenue growth and operating profit

ESSEN (dpa-AFX) - IT security company Secunet Security Networks has recorded a better start to the year than a year ago. According to preliminary data released on Thursday, revenue rose by more than a third to €78.3 million in the first quarter, the Essen-based company announced. Earnings before interest and taxes rose to €1.8 million. A year earlier, the service provider, which has been listed on the SDax small-cap index since March, had posted an operating loss of €5.6 million. The high level of sales was attributable to orders placed at the end of the previous year and delivered in the first three months, the company said. The Executive Board confirmed its annual forecast, which had disappointed investors at the end of March. Secunet shares gained more than four percent following the announcement. The company plans to present its final quarterly figures on May 13. ESSEN (dpa-AFX) - IT security company Secunet Security Networks has recorded a better start to the year than a year ago. According to preliminary data released on Thursday, revenue rose by more than a third to €78.3 million in the first quarter, the Essen-based company announced. Earnings before interest and taxes rose to €1.8 million. A year earlier, the service provider, which has been listed on the SDax small-cap index since March, had posted an operating loss of €5.6 million. The high level of sales was attributable to orders placed at the end of the previous year and delivered in the first three months, the company said. The Executive Board confirmed its annual forecast, which had disappointed investors at the end of March. Secunet shares gained more than four percent following the announcement. The company plans to present its final quarterly figures on May 13.