Corporate News
Integralis in the black again on a 13 percent increase in consolidated revenues
Ismaning, March 31, 2011 - Integralis AG has today released its audited figures for 2010. In the year under review, Swedish company Integralis AB was sold in return for a 12.43% share in Secode AB, Stockholm, Sweden, and consequently deconsolidated. Accordingly, the figures reported have been adjusted for all revenue and earnings components attributable to this company. In the interests of comparability and transparency, all figures quoted for 2009 and 2010 related to continuing activities.
Main figures at a glance for 2008 - 2010*
| |
Revenues |
EBITDA |
EBIT |
Net profit after tax |
Earnings per share
Basic |
Diluted |
| |
EUR m |
EUR m |
EUR m |
EUR m |
EUR |
EUR |
| 2010 |
188.2 |
3.0 |
0.3 |
1.4 |
0.12 |
0.12 |
| 2009 |
166.4 |
-1.2 |
-3.7 |
-6.4 |
-0.57 |
-0.56 |
| 2008 |
168.9 |
7.8 |
6.0 |
9.3 |
0.86 |
0.85 |
*All percentages and figures have been calculated on the basis of units of rounded thousands of euros.
In 2010, Integralis achieved solid and steady top-line growth. At EUR 188 million (previous year EUR 166.4 million), consolidated revenues exceeded the previous year by more than 13 percent, marking a new record. Post-tax profit of EUR 1.4 million was reported, thus reversing the previous year's net loss of EUR 6.4 million, which had arisen on account of a number of exceptional factors.
Main figures at a glance: revenues by region
| Revenues in EUR m |
2010 |
2009 |
Change (%) |
| United Kingdom |
81.1 |
66.7 |
21.5 |
| Germany/Austria/Switzerland |
49.9 |
45.9 |
8.8 |
| United States |
39.5 |
34.7 |
13.9 |
| France |
12.1 |
13.2 |
-8.4 |
| UA Emirates |
5.6 |
5.9 |
-4.7 |
| Total |
188.2 |
166.4 |
13.1 |
The United Kingdom made the greatest absolute contribution to consolidated revenues, also achieving the largest relative increase. The upward trend in revenues which had emerged in the previous years continued in the GAS region. On an encouraging note, revenues in the United States were also up.
Main figures at a glance: EBITDA by region:
| EBITDA in EUR m |
2010 |
2009 |
Change (%) |
| United Kingdom |
2.4 |
1.9 |
24.4 |
| Germany/Austria/Switzerland |
3.2 |
2.9 |
10.8 |
| United States |
0.0 |
0.1 |
-56.9 |
| France |
-0.3 |
-0.5 |
55.1 |
| UA Emirates |
0.2 |
0.6 |
-72.3 |
| Integralis Global Services |
-1.0 |
-0.1 |
-673.8 |
| Headquarters and shared services |
-1.2 |
-5.6 |
78.9 |
| Eliminations |
-0.3 |
-0.3 |
n.a. |
| Total |
3.0 |
-1.2 |
388.8 |
As in the previous year, the GAS region made the greatest contribution to consolidated earnings, also recording the highest EBITDA margin (6.4%) within the Group for the first time, thus reflecting the particularly favourable and profitable product mix.
EBITDA in the United Kingdom improved substantially. In addition to the increase in operating earnings, this was also due to the recovery of pound sterling against the euro. Despite the strong top-line growth recorded, EBITDA in the United States fell short of the previous year as a result of disproportionately high costs of materials relative to revenues and a substantial decline in managed services.
Main figures at a glance: revenues by segment:
| Revenues in EUR m |
2010
|
% |
2009
|
% |
Change (%) |
| Technology Sales |
88.6 |
47.1 |
79.8 |
47.9 |
11.2 |
| Support Services |
65.2 |
34.6 |
58.8 |
35.4 |
10.8 |
| Consulting, Integration and Training |
23.3 |
12.4 |
18.3 |
11.0 |
27.3 |
| Managed Security Services (MSS) |
11.1 |
5.9 |
9.5 |
5.7 |
16.7 |
| Total |
188.2 |
100 |
166.4 |
100 |
13.1 |
With revenues up 27.3%, the Consulting, Integration and Training segment achieved the greatest growth. However, the Group's own Support Services segment also reported satisfactory top-line growth. After the cyclically induced decline of the previous year, consolidated revenues from technology sales stabilised again, growing at a solid rate. The strong revenues growth in Managed Services seen in earlier years continued again in 2010. This trend should continue this year as there was a substantial increase in the total contract volume for Managed Services again towards the end of the year.
'Our earnings have turned the corner. We will now be primarily paying attention to creating consistently profitable structures. Looking ahead over the next few years, I consider the particular challenges awaiting Integralis to lie in the optimisation of earnings potential, the development of innovative solutions and global positioning,' says CEO Georg Magg, who remains guardedly optimistic about the future.
The full annual report for 2010 can be downloaded at http://www.integralis.us/AnnualReport2010.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
