secunet Security Networks AG: Start to the year as planned with improved
sales and EBIT in the first quarter, forecast confirmed

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

08.05.2024 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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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.


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08.05.2024 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.

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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:    1897835

End of News EQS News Service
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1897835 08.05.2024 CET/CEST