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Publication of inside information pursuant to Article 17 MAR: secunet Security Networks AG with a restrained start to the financial year 2023

Based on preliminary calculations, secunet Security Networks AG (ISIN DE0007276503, WKN 727650; secunet) generated consolidated revenue of 55.2 million euros (Q1/2022: 65.4 million euros) and earnings before interest and taxes (EBIT) of -6.2 million euros (Q1/2022: 8.5 million euros) in the first quarter of 2023. The reason for the lower business results compared to the same quarter of the previous year was a restrained product business, mainly due to lower product deliveries to customers at the beginning of the year. At the same time, the investments already initiated in the product portfolio will be continued. After an increasing business momentum was already recorded in March, the existing sales opportunities as well as the record high order backlog of 228.6 million euros as of 31 March 2023 (previous year’s reporting date: 184.3 million euros) point to an above-average strong product business in the coming quarters. Therefore, a catch-up effect is expected in the further course of the year.

Against this background, the Management Board confirms its forecast for the 2023 financial year. Revenues of around 375 million euros and EBIT of around 50 million euros are expected. Traditionally, the focus of secunet’s business is in the second half of the year. This is related to the procurement processes of public sector clients, who make up the majority of secunet’s customer base. There are already indications of such a trend for the current financial year 2023.

The final business figures for the first quarter of 2023 will be published as planned on 11 May 2023.

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.