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Publication of inside information pursuant to Article 17 MAR - secunet Security Networks AG: outstanding Q1 results and increased forecast for 2021

[Essen, 20 April 2021] secunet Security Networks AG (ISIN DE0007276503, WKN 727650, “secunet AG”) has achieved significantly better results in the first quarter of the current financial year 2021 than expected at the beginning of the financial year. Based on preliminary figures, Group sales revenue increased by 118% or 38.6 million euros year-on-year to 71.2 million euros (Q1 2020: 32.6 million euros). Earnings before interest and taxes (EBIT) improved to 12.2 million euros (Q1 2020: 0.0 million euros). The reason for this was that product sales (merchandise, licences, maintenance and support) with the SINA product family, in particular the SINA Workstation, and the secunet healthcare connector, significantly exceeded the targets.

Demand for secunet products increased beyond expectations in the first three months of 2021. The order book as at 31 March 2021 therefore amounted to 176.9 and was also significantly higher than at the same reporting date in the previous year (115.2 million euros) and at the end of the 2020 financial year (149.5 million euros). Against this backdrop and taking into account the business performance in the first three months, the Management Board of secunet AG is raising its full-year forecast: sales revenues are now expected to be around 330 million euros and EBIT around 59 million euros (2020 financial year: sales revenues 285.6 million euros, EBIT 51.6 million euros). Achieving this forecast will depend to a large extent on continuation of a stable supply situation for intermediate products, in particular the availability of semiconductors. The original forecast (published on 3 November 2020) envisaged sales revenues of around 260 million euros and an EBIT of around 38 million euros.
Publication of the Group Quarterly Statement as at 31 March 2021 is scheduled for 5 May 2021. The virtual Annual General Meeting of secunet AG will be held on 12 May 2021 at 10.00 a.m. (CEST).

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.

 

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