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EQS-News: secunet Security Networks AG / Key word(s): Quarterly / Interim Statement/Quarter Results
secunet Security Networks AG: Start to the year as planned with improved sales and EBIT in the first quarter, forecast
confirmed
2024-05-08 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
secunet Security Networks AG: Start to the year as planned with improved sales and EBIT in the first quarter, forecast
confirmed
[Essen, Germany, 8 May 2024] secunet Security Networks AG (ISIN DE0007276503, WKN 727650), Germany's leading
cybersecurity company and IT security partner of the Federal Republic of Germany, has started the 2024 financial year
with an improved performance compared to the previous year. Both revenue and earnings before interest and taxes (EBIT)
increased in the first quarter. Overall, the development is in line with expectations. The targets for the current
financial year are therefore confirmed.
In the first three months of the 2024 financial year, secunet Group increased its revenue by 4% to 57.6 million euros
compared to the same period of the previous year (55.2 million euros). This growth was driven by the Public Sector
segment. Here, sales increased by 8% to 48.8 million euros (Q1/2023: 45.3 million euros). The SINA business played a
key role in this, which developed positively despite the tense budgetary situation in the public sector and the
associated budget discussions.
Sales in the Business Sector segment totalled 8.8 million euros (Q1/2023: 9.9 million euros). As expected, lower sales
were generated in the healthcare market. This is due to the market-wide switch to the Telematics Infrastructure 2.0 and
the corresponding expiry of the previous connector business.
Sales in Germany increased to 50.8 million euros (Q1/2023: 49.8 million euros). Sales revenue totalling 6.8 million
euros was generated in foreign markets. Compared to the same period of the previous year (5.4 million euros), this
corresponds to an increase of 26%. The proportion of sales generated abroad increased to 12% (Q1/2023: 10%).
secunet Group's earnings before interest and taxes (EBIT) totalled -5.6 million euros in the first quarter of 2024, a
slight improvement on the same period of the previous year (-6.2 million euros). The main reason for this was the lower
cost of sales, which also resulted from a lower cost of materials ratio.
At the end of the first quarter of 2024, secunet had 1,037 permanent employees across the Group. The number of
permanent employees thus increased by 38 or 4% compared to the same reporting date in the previous year (999 permanent
employees).
Due to a good order intake, the Group's order backlog reached a high level as at 31 March 2024. In total, firm orders
totalled 202.7 million euros. Compared to 31 December 2023 (190.2 million euros), the order backlog increased by 7%.
"The start to the year with slightly improved figures for sales and earnings was in line with our expectations," said
Axel Deininger, CEO of secunet Security Networks AG. "The current high order backlog also forms a solid basis for the
coming months. Against this background, we confirm our targets for the current financial year."
The Management Board confirms the forecast for the 2024 financial year published in the 2023 Annual Report. Sales are
expected to be around 390 million euros (2023: 393.7 million euros). EBIT is estimated at around 42 million euros
(2023: 43.0 million euros). This forecast is subject to the proviso that the industry-specific conditions and the
investment behaviour of key public sector customers do not change significantly in the current financial year.
The Group Quarterly Statement as at 31 March 2024 is available for download at www.secunet.com.

Investor Relations Contact
Philipp Gröber
Director Investor Relations
Phone: +49 201 5454-3937
E-mail: investor.relations@secunet.com
secunet Security Networks AG
Kurfürstenstrasse 58
45138 Essen
http://www.secunet.com
ISIN: DE0007276503
WKN: 727650
Listed: Regulated market in Frankfurt (Prime Standard); open market trading in Berlin, Bremen, Düsseldorf, Hamburg,
Hanover, Munich and Stuttgart

secunet - Protection for digital infrastructures
secunet is Germany's leading cybersecurity company. In an increasingly networked world, the company uses a combination
of products and consulting to ensure resilient digital infrastructures and the highest possible level of protection for
data, applications and digital identities. secunet specialises in areas where there are particular security
requirements - such as cloud, IIoT, eGovernment and eHealth. With secunet's security solutions, companies can comply
with the highest security standards in digitalisation projects and thus drive their digital transformation forward.
Over 1,000 experts strengthen the digital sovereignty of governments, companies and society. Its clients include
federal ministries, more than 20 DAX-listed companies and other national and international organisations. The company
was founded in 1997. It is listed in the Prime Standard of Deutsche Börse and generated revenue of around 393 million
euros in 2023.
secunet is an IT security partner of the Federal Republic of Germany and a partner of the Alliance for Cyber Security.
Further information can be found at www.secunet.com.

Disclaimer
This release contains forward-looking statements. Forward-looking statements are statements that are not historical
facts; they include statements about our beliefs and expectations. Any statement in this communication that reflects
our intentions, assumptions, expectations or forecasts (as well as the underlying assumptions) is a forward-looking
statement. These statements are based on plans, estimates and forecasts that are currently available to the management
of secunet Security Networks AG. Forward-looking statements therefore relate only to the date on which they are made.
We assume no obligation to update such statements in the light of new information or future events.
2024-05-08 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.eqs-news.com  
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: 1897835

End of News EQS News Service
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1897835 2024-05-08 CET/CEST

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END) Dow Jones Newswires

May 08, 2024 02:00 ET (06:00 GMT)