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secunet Security Networks AG reports outstanding fourth quarter and concludes financial year 2023 again with record sales

secunet Security Networks AG (ISIN DE0007276503, WKN 727650), Germany's leading cybersecurity company, continued its growth trajectory in the past 2023 financial year. According to preliminary calculations, secunet Group recorded revenue of around 393 million euros, representing a considerable 13% increase compared to the previous year (347.2 million euros). The company thus exceeded the previously communicated revenue forecast (around 375 million euros) and achieved an increase in sales for the tenth consecutive year. Preliminary earnings before interest and taxes (EBIT) amounted to around 43 million euros (previous year: 47.0 million euros), in line with the forecast of around 42 million euros.

The past fourth quarter, traditionally considered the strongest in the annual cycle, once again proved crucial for the results and simultaneously marked the most successful quarter in the company's history. In the period from October to December 2023, secunet Group generated revenue of around 154 million euros, representing a 15% increase compared to the previous year’s quarter (134.2 million euros). EBIT amounted to around 33 million euros – a significant increase of 42% compared to the previous year’s quarter (23.1 million euros).

"In the face of difficult economic conditions characterized by geopolitical crises and budget cuts, the 2023 financial year was further evidence of our strength and the commitment of our team," says Axel Deininger, CEO of secunet Security Networks AG. "We have not only achieved a new record revenue but also look back on the most successful quarter in the history of our company. Additionally, we made substantial investments to strengthen our growth prospects. This includes, in particular, the establishment of a cloud ecosystem developed specifically for ministries, authorities and security organizations. This system will cover all security levels, up to the high classification level SECRET, and will significantly contribute to our ongoing success."

secunet Security Networks AG will publish the final and audited results for the 2023 financial year, along with the forecast for the 2024 financial year, in its Annual Report on 22 March 2024.

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.