secunet Security Networks AG: Audited annual financial statements and annual
report for 2023 and forecast for 2024

EQS-News: secunet Security Networks AG / Key word(s): Annual Report/Annual
Results
secunet Security Networks AG: Audited annual financial statements and annual
report for 2023 and forecast for 2024

22.03.2024 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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secunet Security Networks AG: Audited annual financial statements and annual
report for 2023 and forecast for 2024

(Essen / Germany, 22 March 2024) secunet Security Networks AG (ISIN
DE0007276503, WKN 727650), Germany's leading cybersecurity company and IT
security partner of the Federal Republic of Germany, today published its
audited annual financial statements and annual report for 2023 as well as
its forecast for 2024.

With growth of 13% compared to the previous year (347.2 million euros),
secunet Group's revenue reached a new record of 393.7 million euros in the
2023 financial year. This marks the tenth consecutive year in which the
company has achieved record revenue. The increase in sales compared to the
previous year is primarily due to growth in the Public Sector division. This
achieved sales of 344.8 million euros, which corresponds to an increase of
15% compared to the previous year (300.3 million euros). In particular, the
product business with the SINA family and biometric border control systems
developed extremely positively. The Business Sector division achieved sales
of 48.9 million euros. This corresponds to an increase of 4% compared to the
previous year (46.9 million euros), mainly due to an increase in sales in
the healthcare sector.

secunet Group grew significantly both on the German market and in its
international business. In Germany, revenue increased by 13% from 316.4
million euros in the previous year to 358.5 million euros in the 2023
financial year. In its international business, secunet Group generated
revenue of 35.1 million euros in the reporting period - an increase of 14%
compared to the previous year (30.9 million euros).

secunet Group's earnings before interest and taxes (EBIT) amounted to 43.0
million euros in the 2023 financial year (previous year: 47.0 million
euros). The decline in EBIT is due to a change in the product mix, which
consisted of a higher proportion of merchandise and a lower proportion of
high-margin licences and services. In addition, investments in the product
portfolio and personnel expansion led to an increase in the cost base. EBIT
in the Public Sector totalled 42.5 million euros (previous year: 46.1
million euros) and in the Business Sector 0.5 million euros (previous year:
0.9 million euros).

In the 2023 financial year, secunet Group generated consolidated net income
for the period of 29.0 million euros (previous year: 31.3 million euros).
Accordingly, earnings per share amounted to 4.51 euros (previous year: 4.84
euros). The net income of secunet Security Networks AG under German
commercial law amounted to 30.5 million euros (previous year: 36.9 million
euros). On the basis of these results, the Management Board and Supervisory
Board will propose a dividend of 2.36 euros (previous year: 2.86 euros) to
the Annual General Meeting to be held on 23 May 2024. This continues the
long-standing dividend policy of distributing half of the net income for the
year under German commercial law.

In the 2023 financial year, secunet Group recorded an inflow of cash and
cash equivalents of 19.8 million euros after a cash outflow of 98.0 million
euros in the previous year. This positive development is attributable to a
strong cash flow from operating activities, which increased from -4.0
million euros in the previous year to 51.9 million euros in the 2023
financial year due to a reduction in working capital. The comparative figure
for the previous year was characterized by the acquisition of SysEleven
GmbH, which led to a high cash outflow from investing activities.

'We are delighted to have once again achieved significant sales growth and a
new record turnover. The fact that both the Public Sector and the Business
Sector as well as the national and international business contributed to
this success is particularly positive. As expected, EBIT was characterized
by a changed product mix and our growth investments,' said Axel Deininger,
CEO of secunet Security Networks AG.

secunet Group started the 2024 financial year with an order book of 190.2
million euros. This almost corresponds to the very high order backlog on the
previous year's reporting date (197.6 million euros). Based on the order
backlog and against the backdrop of the uncertain federal budget situation,
the Management Board expects sales in the 2024 financial year to be at a
similar level to the 2023 financial year. The Management Board is therefore
planning for sales of around 390 million euros. Furthermore, the Management
Board expects EBIT of around 42 million euros for the 2024 financial year.
The company had already announced this in October 2023.

'We expect demand for our cyber security solutions to remain strong. This is
underlined by the high number of firm commissions and orders. Looking ahead
to the coming months, however, the tense budget situation in the German
public sector is leading to uncertainty on the customer side. Based on these
factors, we are forecasting sales and earnings development for the 2024
financial year to be in line with the previous financial year,' Deininger
continues.

The 2023 Annual Report is available for download at www.secunet.com.

Investor Relations Contact

Philipp Gröber
Head of Investor Relations
Phone: +49 201 5454 3937
E-mail: investor.relations@secunet.com

secunet Security Networks AG
Kurfürstenstrasse 58
45138 Essen, Germany
http://www.secunet.com

ISIN: DE0007276503
WKN (German security identification number): 727650
Listed: Regulated market in Frankfurt (Prime Standard); open market trading
in Berlin, Bremen, Düsseldorf, Hamburg, Hanover, Munich and Stuttgart


secunet - Protecting Digital Infrastructures

secunet is Germany's leading cybersecurity company. In an increasingly
connected world, the company's combination of products and consulting
assures resilient digital infrastructures and the utmost protection for
data, applications and digital identities. secunet specialises in areas with
unique security requirements - such as cloud, IIoT, eGovernment and eHealth.
With security solutions from secunet, companies can maintain the highest
security standards in digitisation projects and advance their digital
transformation.

Over 1,000 experts strengthen the digital sovereignty of governments,
businesses and society. secunet's customers include federal ministries, more
than 20 DAX-listed corporations as well as other national and international
organisations. The company was established in 1997, is listed at the German
Stock Exchange and generated revenues of around 393 million euros in 2023.

secunet is an IT security partner to the Federal Republic of Germany and a
partner of the German Alliance for Cyber Security.

Further information can be found at www.secunet.com

Disclaimer

This press release contains predictive statements. Predictive statements are
statements that do not describe facts of the past; they also include
statements regarding our assumptions and expectations. Any statement in this
press release that conveys our intentions, assumptions, expectations or
predictions (and the assumptions on which they are based) is a predictive
statement. These statements are based on planning, estimates and forecasts
that are currently available to the management of secunet Security Networks
AG. Predictive statements therefore only apply to the day on which they were
made. We assume no obligation to update such statements with regard to new
information or future events.


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22.03.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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   Language:       English
   Company:        secunet Security Networks AG
                   Kurfürstenstraße 58
                   45138 Essen
                   Germany
   Phone:          +49 (0)201 - 5454 - 1227
   Fax:            +49 (0)201 - 5454 - 1228
   E-mail:         investor.relations@secunet.com
   Internet:       www.secunet.com
   ISIN:           DE0007276503
   WKN:            727650
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1864421

End of News EQS News Service
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1864421 22.03.2024 CET/CEST