secunet Security Networks AG
ISIN: DE0007276503
WKN: 727650
12 November 2024 08:00AM

EQS-News: secunet Security Networks AG increases revenue and EBIT in the nine-month period – positive outlook for the full year

secunet Security Networks AG · ISIN: DE0007276503 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 2026951

EQS-News: secunet Security Networks AG / Key word(s): Quarterly / Interim Statement/9 Month figures
secunet Security Networks AG increases revenue and EBIT in the nine-month period – positive outlook for the full year

12.11.2024 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


secunet Security Networks AG increases revenue and EBIT in the nine-month period – positive outlook for the full year

[Essen, Germany, 12 November 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 publishes its Group Quarterly Statement as at 30 September 2024. Both revenue and earnings before interest and taxes (EBIT) increased in the first nine months. The positive order intake trend continues. The outlook for the full year envisages a strong fourth quarter.

secunet Group closed the first nine months of the 2024 financial year with a 7% increase in revenue to 254.8 million euros (previous year: 239.0 million euros). This growth is mainly due to positive business momentum in the Public Sector segment. In the third quarter, revenues of 110.5 million euros were generated – an increase of 26% over the previous year (87.5 million euros).

EBIT reached 17.6 million euros, exceeding the previous year's figure (9.7 million euros) by 82%. In the third quarter, EBIT amounted to 16.1 million euros, almost tripling compared to the previous year (5.7 million euros). Both the increase in sales and a lower material cost ratio contributed to the improvement in earnings. On the other hand, a partial inventory adjustment in the amount of 3.7 million euros had a negative impact on the results. It should also be noted that the previous year's result was positively influenced by a revaluation of the earn-out clause agreed as part of the acquisition of SysEleven GmbH amounting to 2.6 million euros.

The order situation continues to develop positively. In the reporting period, incoming orders increased by 22% to 294.3 million euros (previous year: 240.9 million euros). As a result, the order book position as at 30 September 2024 rose by 16% to 229.7 million euros compared to the previous year's reporting date (198.0 million euros).

"We are very satisfied with the business performance in the first nine months. The results achieved provide a solid starting position for the fourth quarter, which is traditionally the strongest quarter of the year," says Axel Deininger, CEO of secunet Security Networks AG. "The order situation continues to develop positively and the additional sales opportunities also make us optimistic. We are therefore looking forward to the final quarter with confidence and are well on track to achieve our targets for the year."

The Management Board expects a strong fourth quarter. This assessment is based on the high order backlog and the usual seasonal momentum at the end of the year. In an ad hoc announcement on 21 October 2024, the Management Board slightly raised its revenue forecast for the 2024 financial year. Revenues are now expected to be just over 400 million euros. Previously, revenues of around 390 million euros were expected. Due to the special effects mentioned above, EBIT is still forecast at around 42 million euros.

The Group Quarterly Statement as at 30 September 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 - Protecting 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.



12.11.2024 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.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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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: 2026951

 
End of News EQS News Service

2026951  12.11.2024 CET/CEST

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Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 163,29 226,90 285,59 337,62 347,22 393,69 390,00
EBITDA1,2 29,11 39,91 59,70 73,81 61,88 60,44 60,00
EBITDA-Margin3 17,83 17,59 20,90 21,86 17,82 15,35 15,39
EBIT1,4 26,91 33,18 51,64 63,88 47,01 42,98 42,00
EBIT-Margin5 16,48 14,62 18,08 18,92 13,54 10,92 10,77
Net Profit (Loss)1 17,82 22,18 34,98 42,90 31,29 29,00 28,60
Net-Margin6 10,91 9,78 12,25 12,71 9,01 7,37 7,33
Cashflow1,7 7,67 31,25 56,38 53,74 -3,96 51,88 48,00
Earnings per share8 2,77 3,44 5,43 6,66 4,84 4,51 4,40
Dividend per share8 2,04 1,56 2,54 5,38 2,86 2,36 2,40
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: BDO

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
©boersengefluester.de
secunet Security Networks
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
727650 DE0007276503 AG 738,40 Mio € 09.11.1999 Kaufen 9F39C2XF+67
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
21,43 34,53 0,62 30,81 6,80 14,23 1,88
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
2,86 2,36 2,40 2,11%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
28.05.2025 13.05.2025 12.08.2025 12.11.2024 28.03.2025
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
-0,53%
113,60 €
ATH 608,00 €
+8,38% -7,10% -22,19% -18,04% +657,33%

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