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secunet Security Networks AG: Audited annual financial statements and annual report for 2023 and forecast for 2024

EQS-News: secunet Security Networks AG / Key word(s): Annual Report/Annual Results secunet Security Networks AG: Audited annual financial statements and annual report for 2023 and forecast for 2024 22.03.2024 / 08:00 CET/CEST The issuer is solely responsible for the content of this announcement. secunet Security Networks AG: Audited annual financial statements and annual report for 2023 and forecast for 2024

[Essen / Germany, 22 March 2024] secunet Security Networks AG (ISIN DE0007276503, WKN 727650), Germany's leading cybersecurity company and IT security partner of the Federal Republic of Germany, today published its audited annual financial statements and annual report for 2023 as well as its forecast for 2024.

With growth of 13% compared to the previous year (347.2 million euros), secunet Group's revenue reached a new record of 393.7 million euros in the 2023 financial year. This marks the tenth consecutive year in which the company has achieved record revenue. The increase in sales compared to the previous year is primarily due to growth in the Public Sector division. This achieved sales of 344.8 million euros, which corresponds to an increase of 15% compared to the previous year (300.3 million euros). In particular, the product business with the SINA family and biometric border control systems developed extremely positively. The Business Sector division achieved sales of 48.9 million euros. This corresponds to an increase of 4% compared to the previous year (46.9 million euros), mainly due to an increase in sales in the healthcare sector.

secunet Group grew significantly both on the German market and in its international business. In Germany, revenue increased by 13% from 316.4 million euros in the previous year to 358.5 million euros in the 2023 financial year. In its international business, secunet Group generated revenue of 35.1 million euros in the reporting period - an increase of 14% compared to the previous year (30.9 million euros).

secunet Group's earnings before interest and taxes (EBIT) amounted to 43.0 million euros in the 2023 financial year (previous year: 47.0 million euros). The decline in EBIT is due to a change in the product mix, which consisted of a higher proportion of merchandise and a lower proportion of high-margin licences and services. In addition, investments in the product portfolio and personnel expansion led to an increase in the cost base. EBIT in the Public Sector totalled 42.5 million euros (previous year: 46.1 million euros) and in the Business Sector 0.5 million euros (previous year: 0.9 million euros).