Analysts' presentation - Secunet
Analysts' presentation - Secunet
Analysts' presentation - Secunet
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Outlook 2010 & 2011<br />
Robust sales<br />
EBIT<br />
unchanged<br />
Forecast 2010<br />
09a 10e<br />
09a 10e<br />
Assumptions:<br />
Private sector: still characterised by the<br />
financial crisis (-)<br />
Public sector: SINA still growing (+),<br />
Government to cope with shortened<br />
budgets / omission of economic stimulus<br />
package (-)<br />
24<br />
Sales<br />
+ ~10%<br />
EBIT margin<br />
constantly<br />
Forecast 2011<br />
10e 11e<br />
10e 11e<br />
Assumptions:<br />
Private sector: recovers from financial<br />
crisis (+)<br />
Public sector: SINA still growing(+),<br />
Government large projects (+),<br />
Budget consolidation (-)
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