Secunet Security Networks AG announced earnings results for the full year of 2011. For the period, the company reported revenue decreased by 7% from the previous year's value of EUR 59.5 million to EUR 55.6 million. The reason for this is that product business (hardware and licences) fell short of expectations due to restructuring measures implemented by major customers such as the German Armed Forces and as a result of the postponement of projects for international customers. The earnings before interest and taxes (EBIT) of the company increased by EUR 0.2 million or 6% in the 2011 financial year, rising from EUR 3.6 million to EUR 3.8 million. This can be attributed to the fact that in total, across all units, costs fell more sharply than sales, with the decline in selling expenses and administration costs having a particularly marked effect. The company's fiscal burden fell compared to the previous year, leading to a sharper increase in net income than in EBIT: net income increased by 49% from EUR 1.8 million to EUR 2.7 million. Earnings per share increased accordingly from EUR 0.28 to EUR 0.42. The company plans to achieve revenue of around EUR 60 million, EBIT of approximately EUR 5 million and net income of around EUR 3.5 million.