Pressemitteilung BoxID: 330839 (NTT Security (Germany) GmbH)
  • NTT Security (Germany) GmbH
  • Robert-Bürckle-Straße 3
  • 85737 Ismaning
  • Ansprechpartner
  • Peter Banholzer
  • +49 (89) 94573-178

Integralis AG: Steady growth in top line in 2009 again

bottom line dragged down sharply by a number of exceptionals

(PresseBox) (Ismaning, ) Prime Standard-listed Integralis AG, the leading international IT security solutions provider, continued to record consistent revenue growth in 2009 once more. However, several exceptionals and impairment losses exerted pressure on the Company's bottom line last year.

According to preliminary figures, Integralis AG achieved a 2.9 percent increase in consolidated revenues to € 173.7 million in 2009 (previous year € 168.9 million). With the exception of the particularly cyclical Technology Sales segment, which sustained a 2.6 percent decline in revenues, all Integralis segments generated steady growth. With revenues up by more than 12.9 percent, Managed Security Services achieved the greatest top-line growth again. Consulting, Integration and Training particularly benefited from the dynamic performance of integration activities and rose by 8.5 percent. Revenues from Support Services also expanded by a strong 7.5 percent, underpinned by an encouraging increase in new business.

The proportion of recurring revenues widened again over the previous year, thus confirming the trend which has emerged over the past few years of a more advantageous revenue breakdown and more reliably calculable revenue flows.

At 33.2 percent, the gross margin was slightly down on the previous year (33.5 percent), reflecting mounting price pressure in large-scale projects in the second half of the year. In absolute terms, however, gross profit came to € 57.7 million, thus exceeding the previous year's figure of € 56.7 million.

The sharp rise in other operating expenses to € 19.9 million (previous year € 12.6 million) was largely due to exceptionals, which totalled € 5.9 million. This resulted in a loss of € 1.9 million at the EBITDA level. Adjusted for exceptionals, EBITDA would have come to € 4.0 million (previous year € 7.8 million).

Impairment testing in accordance with IAS 36 identified impairment losses of € 1.8 million on goodwill and a further impairment of € 0.3 million on the customer list gained from CENTRIS, which had been acquired in 2008. Together with depreciation/amortization of € 2.3 million, this resulted in a loss at the EBIT level of € 6.3 million. Adjusted for exceptionals and impairments, EBIT came to € 1.7 million in 2009 (previous year € 6.0 million).

Income tax expense amounted to € 2.6 million in 2009 (previous year income tax refund of € 3.2 million). This was materially influenced by an adjustment to deferred tax assets as under German tax law all of the Company's unused tax losses have been forfeited as a result of the acquisition of more than 50% of Integralis AG's capital by NTT Com.

Consequently, the Company sustained a net loss after tax of € 9 million. The exceptionals included in the net loss account for a total of € 11.1 million. Accordingly, adjusted for exceptionals, the Company achieved net profit of € 2.1 million (previous year € 9.3 million).

At € 23.0 million, order backlog was well up on the previous year (€ 21.7 million) and grew again substantially in all core regions. Total contract volumes also rose significantly to € 97.9 million as of the end of the year (previous year € 91.4 million). Cash and cash equivalents were down on the previous year, declining to € 8.0 million (previous year 9.1 million). In the fourth quarter, Integralis made use of the additional group funding facilities available via NTT Leasing Inc., United States, for the first time.

Leading IT research companies such as Gartner, Forrester and the Experton Group remain upbeat about market conditions for IT security. The greatest potential for growth is seen in software as a service and the outsourcing of IT security. Integralis is ideally positioned in this environment after achieving record revenues in the crisis year of 2009.

In contrast to the previous year, no major exceptionals are expected to arise in 2010. In addition, Integralis should be able to benefit from the considerable advance outlays and investments in the Group's own Global Services. The synergistic benefits which management expects to be able to harness from the strategic partnership with NTT Com should also boost revenues and earnings this year. Accordingly, consolidated revenues are expected to grow by around 10 percent, resulting in EBITDA of over € 5 million in 2010.

As planned, the full annual report for 2009 will be published on 19 April 2010.

NTT Security (Germany) GmbH

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 onsite 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 511 employees, it generated revenues of EUR 169 million in 2008. 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