DGAP-News: Integralis AG / Key word(s): Quarter Results/Quarter
Results
Integralis AG: Slow technology sales leading to overall reduction of
sales
13.05.2011 / 09:00
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Slow technology sales leading to overall reduction of sales
- Strong cash flow from operating activities
Ismaning, 13 May 2011 - Prime Standard-listed Integralis AG, the leading
international IT security solutions provider, sustained an 8.1 percent
year-on-year decline in consolidated revenues in the first quarter of 2011.
With revenues down more than 25 percent to EUR 16.0 million (previous year
EUR 21.5 million), Technology Sales were particularly hit.
On the other hand, revenues from Support Services climbed by 12.6 percent
to EUR 16.4 million (previous year EUR 14.6 million), accounting for the
largest absolute share of revenues for the first time. In addition,
Consulting, Integration and Training achieved a 9.4 percent increase in
revenues to EUR 5.8 million (previous year EUR 5.3 million), thus
continuing the previous year's upward trend.
Managed Security Services contracted in the first three months, generating
revenues of EUR 2.4 million (previous year EUR 2.9 million).
|[![CDATA[|[pre|]]]|]
Revenues by solution Jan. - March 2011 Jan. - March 2010 Change
segment TEUR TEUR %
Continuing
operations
Technology Sales 16,020 21,458 -25.3
Support Services 16,432 14,593 12.6
Consulting, 5,812 5,315 9.4
Integration and
Training
Managed Security 2,440 2,939 -17.0
Services
Consolidated revenues 40,704 44,305 -8.1
|[![CDATA[|[/pre|]]]|]
Regionally, revenues in the United Kingdom remained steady over the
year-ago quarter at EUR 19.8 million (previous year EUR 19.9 million), with
this region holding on to its leading position despite the recessionary
trends in this economy. However, EBITDA contracted sharply to EUR 0.4
million, down from EUR 0.8 million in the previous year. While revenues in
the GAS region (Germany, Austria and Switzerland) were also unchanged over
the previous year at EUR 10.8 million (previous year EUR 10.8 million),
EBITDA climbed by over 16 percent to EUR 0.6 million (previous year EUR 0.5
million).
Top and bottom-line performance in the United States was disappointing.
Thus, revenues declined by over 30 percent, coming in at only EUR 6.9
million (previous year EUR 9.9 million). In particular, a greater drop in
technology sales following the loss of a key account took its toll here.
Accordingly, this region posted a loss at the EBITDA level of EUR 0.7
million after breaking even in the same quarter of the previous year.
Despite the reduced top line, gross profit came to EUR 14.4 million and was
thus unchanged over the previous year (EUR 14.4 million) thanks to the
generally more advantageous revenue structure. The gross margin widened to
35.5 percent (previous year 32.5 percent).
Personnel costs rose to EUR 10.4 million (previous year EUR 9.8 million),
reflecting the increase in headcount to 515 at the end of the first quarter
(previous year 495).
At EUR 4.4 million, other operating expenses were unchanged over the
year-ago quarter. EBITDA came to EUR 0.0 million (previous year EUR 0.7
million). After slightly higher depreciation/amortisation of EUR 0.7
million (previous year EUR 0.6 million), Integralis sustained a loss of EUR
0.7 million at the EBIT level (previous year EBIT of EUR 0.1 million).
However, a post-tax loss EUR 0.2 million was recorded (previous year
post-tax profit of EUR 0.9 million) due to the mandatory recognition of
deferred income tax assets in accordance with IFRS.
|[![CDATA[|[pre|]]]|]
Jan. - Jan. - Change
March March (%)
2011 2010
Continuing
operations
Revenues EUR 40.7 44.3 -8.1
m
EBITDA EUR 0.0 0.7 -99.9
m
EBIT EUR -0.7 0.1 -626.0
m
Net profit/loss for EUR -0.2 0.9 -124.2
the period m
Cash flow from EUR 2.1 -0.3 823.4
operating activities m
Earnings/loss per EUR -0.02 0.08 -125.0
share
|[![CDATA[|[/pre|]]]|]
At EUR 21.5 million, the Integralis Group's order backlog was up on the
previous year (EUR 20.8 million).
The total contract volume, a key indicator of future and recurring
revenues, reached a further record.
'Despite the mixed bottom-line performance, I also see the positive aspects
in the form of a further increase in the total contract volume, which
should unleash a favourable effect as the year unfolds, and the strong cash
flow from operating activities,' says Georg Magg, the CEO of Integralis.
'Even so, it is clear that our targets are very ambitious not least of all
because of the adverse exchange-rate parities'.
The full interim report on the first quarter of 2011 can be downloaded from
http://www.integralis.us/Q111Results.html .
About Integralis
As a leading international provider of IT security solutions, Integralis
offers its customers skilled consulting and bespoke solutions for
protecting their critical business processes. Incorporating leading
technologies, skills, experience and strategic partnerships, the Integralis
product portfolio is targeted at planning, implementing and operating
enterprise-wide information security architectures. With its structured
methodical and technical consulting and implementing services, the
Integralis consulting team supports customers' IT security projects.
Integralis offers its customers multilingual support in the ongoing
operation of their security systems all around the world on a 7/24 basis.
The range of services comprises a telephone hotline, remote monitoring and
administration as well as on-site support. With a global network of
branches, Integralis serves a large number of bluechip companies,
government authorities and many national and international enterprises.
Integralis AG is listed in Deutsche Börse AG's Prime Standard. With over
500 employees, it generated revenues of EUR 188.2 million in 2010. In early
October 2009, NTT Communications Corporation (NTT Com), a subsidiary of
Nippon Telegraph and Telephone Corporation (NTT), indirectly acquired more
than 75 percent of Integralis' capital. Further information on Integralis
is available on the Internet at www.integralis.com.
Contact:
Peter Banholzer
+49 89 945 73 178
ir@integralis.com
End of Corporate News
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Language: English
Company: Integralis AG
Robert-Bürkle-Str. 3
85737 Ismaning
Deutschland
Phone: +49 (0)89 94573-178
Fax: +49 (0)89 94573-180
E-mail: ir@integralis.com
Internet: www.integralis.com
ISIN: DE0005155030
WKN: 515503
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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124431 13.05.2011
DGAP-News: Integralis AG: Slow technology sales leading to overall reduction of sales
| Source: EQS Group AG