Barracuda Networks AG

EANS-News: Barracuda Networks AG /

Barracuda Networks AG (former phion AG) increases earnings compared to last year.

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annual report

Subtitle: Barracuda Networks AG (former phion AG) increases earnings compared to last year.

Innsbruck (euro adhoc) - The former phion AG, now Barracuda Networks AG (since 31 July 2010), as part of the globally operating Barracuda group stands for the most comprehensive product portfolio for IT security, network and storage solutions available on the market today.

Sales revenues of Barracuda Networks AG in the fiscal year 2010/11 were 9.6 million EUR (FY: 2009/10: 6.8 million EUR). EBITDA was 449,000 Euro (FY 2009/10: -3.2 million EUR), operating income after depreciation and amortization could be improved to -45,000 EUR, whereas in the previous fiscal year it was -3.7 million EUR. The development of deferred income, that is, future revenue already secured at this point, continues to be positive: As at 28 February 2011, it amounts to just below 4,5 million EUR. The management of Barracuda Networks AG is pleased with the development of the fiscal year 2010/11. The new market strength can, among others, be attributed to the strategic partnership with Barracuda Networks Inc.

Barracuda Networks AG is listed on the Vienna Stock Exchange (mid market segment) since 4 July 2007, trading is effected on the Third Market (ISIN: AT0000PHION3). Since start of the current financial year (1 March 2010 until 28 February 2011) all the company´s financial statements are prepared according to Austrian GAAP (UGB) Share capital of phion is 800,000 EUR, divided into 800,000 ordinary bearer shares. At present (as at 19 May 2011), Barracuda Networks Inc. holds 81.84% of the company shares, Donau Invest holds 5.04%, the rest (13.12%) is free float.

Barracuda Networks AG

Fiscal Year 2010/11    compared to FY 2009/10*
(in TEUR)
Revenue:       9,612                     6,778
EBITDA:          449                    -3,220
EBIT:            -45                    -3,732
EBT:             -89                    -8,886 

* Due to the change of the financial years (from 1 March until the last day of February), 2009/10 was a short financial year (11 months). Therefore, the figures are not 100% comparable.

end of announcement                               euro adhoc
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company:     Barracuda Networks AG
          Eduard-Bodem-Gasse 1
          A-6020 Innsbruck
phone:       +43 (0)508 100
FAX:         +43 (0)508 100 20
mail:     office@phion.com
WWW:      www.phion.com
sector:      Computing & Information Technology
ISIN:        AT0000PHION3
indexes:     mid market
stockmarkets: Third Market: Wien
language: English 

Contact:

Barracuda Networks AG
Günter Klausner
Eduard Bodem Gasse 1
6020 Innsbruck

Tel: 0508100
www.barracudanetworks.com
www.phion.com

Branche: Computing & Information Technology
ISIN: AT0000PHION3
WKN:
Index: mid market
Börsen: Wien / Third Market


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