The forecast envisages sales revenues of around 260 million euros and earnings before interest and taxes (EBIT) of around 38 million euros for secunet Group in the 2021 financial year. This outlook thus lies below the forecast for the current financial year 2020, which is expected to close with sales revenues of around 270 million euros and an EBIT of around 48 million euros, the seventh financial year in succession with an increase over the respective previous year.
In the current financial year 2020, secunet Security Networks AG has benefited from positive special effects in connection with the coronavirus pandemic, which were triggered in particular by public sector clients bringing forward and expanding their procurement of secure mobile workplaces. In addition, secunet is benefiting from government grants in the current financial year 2020 to a greater extent than in the 2019 financial year. In its forecast for the 2021 financial year, the Management Board has assumed that these positive special effects will no longer occur to a comparable degree.
In the forecast, the Management Board has also taken into account the overall economic environment, which is generally characterised by uncertainty due to the coronavirus pandemic, and the possible risk of a further tightening of measures to combat the pandemic, which could also have negative effects on the business activities of secunet Security Networks AG.
The forecast also makes allowance for an investment programme which was likewise approved by the Management Board today and which it is possible to implement thanks to the strong net assets and earnings situation of secunet Security Networks AG. The planned investments, which are expected to reach a high single-digit million amount, are primarily targeted at the areas of industrial security, eHealth and cloud security. They are intended to sustainably strengthen the Business Sector division.
Contact:
secunet Security Networks AG
Head of Investor Relations
Dr Kay Rathke
Phone: +49 201 5454 1221
e-mail: kay.rathke@secunet.com
secunet Security Networks AG
Kurfürstenstrasse 58
45138 Essen, Germany
ISIN: DE0007276503
WKN: 727650
Listed: regulated market in Frankfurt (Prime Standard); OTC market in Berlin-Bremen, Düsseldorf, Hamburg, Hanover, Munich and Stuttgart
End of the communication
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.
