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DGAP-News: secunet Security Networks AG / Key word(s): Quarterly / Interim statement/Quarterly results
secunet Security Networks AG with a positive start to the 2022 financial year
10.05.2022 / 08:00
The issuer is solely responsible for the content of this announcement.

secunet Security Networks AG with a positive start to the 2022 financial year

[Essen, Germany, 10 May 2022] secunet Security Networks AG (ISIN DE0007276503, WKN 727650, secunet), German cybersecurity leader and IT security partner of the Federal Republic of Germany, today publishes its quarterly group statement as of March 31, 2022. During the three first months of the current financial year 2022, secunet Group has developed in line with management’s expectations. Nevertheless, the results obtained did not equal the record figures of the same quarter of last year.

Group revenue was €65.4 million (Q1 2021: €71.2 million) and earnings before interest and tax (EBIT) was €8.5 million ( Q1 2021: €12.2 million). In a context of reduced market effects linked to the pandemic and the associated normalization of the demand situation in the public customer segment, the Public Sector segment recorded revenue of 53.7 million euros (Q1 2021: €56.2 million). EBIT amounted to 7.8 million euros (Q1 2021: 9.8 million euros).

The Enterprise segment, which addresses its product and service offering to companies in the private sector and the healthcare sector, generated revenue of €11.8 million in the first quarter of 2022 (Q1 2021: 15.1 millions of euros). The main reason for this development was the expected decline in demand for software licenses in the area of ​​the secunet connector. The demand for these was particularly strong in the first half of 2021. Consequently, a correspondingly high sales volume was achieved in the comparable quarter of the previous year with a favorable margin profile at the same time. As a result, the Business Sector’s EBIT amounts to EUR 0.8 million (Q1 2021: EUR 2.4 million).

secunet Group’s order book as of March 31, 2022 amounted to EUR 184.3 million and was therefore roughly at the same level as the record figure at the end of the 2021 financial year (EUR 185.2 million). euros). Compared to the closing date of March 31, 2021 of the previous year (176.9 million euros), the order book increased slightly.

“We have started the current fiscal year 2022 well. Revenues and earnings are in line with our expectations and confirm our planning assumptions for the full year 2022,” said Axel Deininger, CEO of secunet Security Networks. AG. “We expect this development to continue throughout the year. Demand for our high-quality and reliable products and solutions remains high and we meet all the conditions to benefit from it. We are therefore optimistic that we will achieve the objectives that we have set ourselves for the year 2022. However, the many problems in the supply chains, such as supply bottlenecks in chip and semiconductor components, continue to weigh on the market. computing and therefore remain a factor of uncertainty.

The Executive Board confirms its guidance for the full year 2022. Revenues of around €320 million and EBIT of around €50 million are expected. The outlook assumes that the buying situation in the global chip and semiconductor market will not deteriorate significantly. A lack of supply of important components could lead to significant restrictions and delays in customer projects.

The Group’s Quarterly Statement as of March 31, 2022 is available for download at www.secunet.com.

Contact
Philipp Gröber
Head of Investor Relations

Patrick Franitza
Press Spokesperson

secunet Security Networks AG
Kurfurstenstraße 58
45138 Essen, Germany
Telephone: +49 201 5454 3937
Fax: +49 201 5454 0

secunet – Protecting digital infrastructures
In an increasingly interconnected world, German leader in cybersecurity, secunet offers a combination of consulting products and services, robust digital infrastructures and the highest level of security for data, applications and digital identities. secunet specializes in areas with unique security requirements, such as cloud, IIoT, eGovernment and eHealth. With security solutions from secunet, companies can comply with the highest security standards in digitization projects and advance their digital transformation.

More than 800 experts strengthen the digital sovereignty of governments, businesses and society. secunet’s customers include German federal ministries, national and international organizations and more than 20 DAX-listed companies. The company was established in 1997, is listed on the Prime Standard segment of the Frankfurt Stock Exchange and generated a turnover of 337.6 million euros in 2021.

secunet is the IT security partner of the Federal Republic of Germany and a partner of the Cyber ​​Security Alliance.

More information on www.secunet.com

Warning
This press release contains forward-looking statements. Predictive statements are statements that do not describe facts of the past; they also include statements regarding our assumptions and expectations. Any statement contained in this press release that expresses our intentions, assumptions, expectations or predictions (and the assumptions on which they are based) is a forward-looking statement. These statements are based on plans, estimates and forecasts currently available to the management of secunet Security Networks AG. Forward-looking statements therefore only apply as of the date they are made. We assume no obligation to update these statements with respect to new information or future events.

10.05.2022 Broadcast of a Corporate News, transmitted by the DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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