In the 2022 financial year, secunet Group was able to continue to develop very well despite challenging conditions, for example in relation to the overall economic environment or the ongoing disruptions in global supply chains, and once again managed to achieve growth in revenue. Group revenue realised in the 2022 financial year rose to 347.2 million euros (previous year: 337.6 million euros). secunet was thus able to continue its profitable growth course, which has been ongoing for years, and conclude a financial year with a new revenue record for the ninth time in a row.
secunet achieved Group earnings before interest and taxes (EBIT) of 47.0 million euros in the 2022 financial year (previous year: 63.9 million euros). The Group profit for the period was 31.3 million euros (previous year: 43.0 million euros). Accordingly, the diluted and undiluted Group earnings per share were 4.84 euros (previous year: 6.66 euros). Net income of secunet Security Networks AG amounted to 36.9 million euros (previous year: 43.5 million euros). Against the backdrop of the results achieved, the Supervisory Board and the Management Board will propose to the Annual General Meeting the distribution of a dividend of 2.86 euros (previous year: 5.38 euros, thereof 2.01 euros by special dividend). With a payout ratio of 50% of the net income for the year, this is in line with the Company’s shareholder-friendly dividend policy of many years (previous year: 80%, thereof 30% by special dividend).
secunet Group’s order book as at 31 December 2022 was at a record level, amounting to 197.6 million euros. The year-on-year increase (31 December 2021: 185.2 million euros) resulted primarily from a high level of orders received from customers in the Public Sector division.
“We are very pleased with our key figures for the 2022 financial year in light of the difficult conditions. Despite the challenging macroeconomic environment and ongoing supply chain issues, we have managed to achieve another increase in revenue and thus a new record sales revenue,” states Axel Deininger, CEO of secunet Security Networks AG. “There is much to suggest that secunet can look positively to the future. This confidence is supported by a record-high order book of almost 200 million euros. On this basis, we want to continue successfully on our path as a leading German provider of high-quality cybersecurity solutions.”
The Management Board forecasts the following for the secunet Group and the 2023 financial year: Significant sales growth to around 375 million euros is expected. Earnings before interest and taxes (EBIT) are expected to increase slightly to around 50 million euros. The forecast assumes that the procurement situation on the global semiconductor markets will not deteriorate significantly. Furthermore, the forecast is made on the assumption that there will be no negative changes to essential conditions – for example, with regard to economic and inflationary developments and the investment propensity of customers.
The Annual Report 2022 is available for you to download at www.secunet.com.
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.