EQS-News

secunet Security Networks AG: Audited annual financial statements and annual report for 2023 and forecast for 2024 - Seite 2

In the 2023 financial year, secunet Group generated consolidated net income for the period of 29.0 million euros (previous year: 31.3 million euros). Accordingly, earnings per share amounted to 4.51 euros (previous year: 4.84 euros). The net income of secunet Security Networks AG under German commercial law amounted to 30.5 million euros (previous year: 36.9 million euros). On the basis of these results, the Management Board and Supervisory Board will propose a dividend of 2.36 euros (previous year: 2.86 euros) to the Annual General Meeting to be held on 23 May 2024. This continues the long-standing dividend policy of distributing half of the net income for the year under German commercial law.

In the 2023 financial year, secunet Group recorded an inflow of cash and cash equivalents of 19.8 million euros after a cash outflow of 98.0 million euros in the previous year. This positive development is attributable to a strong cash flow from operating activities, which increased from -4.0 million euros in the previous year to 51.9 million euros in the 2023 financial year due to a reduction in working capital. The comparative figure for the previous year was characterized by the acquisition of SysEleven GmbH, which led to a high cash outflow from investing activities.

"We are delighted to have once again achieved significant sales growth and a new record turnover. The fact that both the Public Sector and the Business Sector as well as the national and international business contributed to this success is particularly positive. As expected, EBIT was characterized by a changed product mix and our growth investments," said Axel Deininger, CEO of secunet Security Networks AG.

secunet Group started the 2024 financial year with an order book of 190.2 million euros. This almost corresponds to the very high order backlog on the previous year's reporting date (197.6 million euros). Based on the order backlog and against the backdrop of the uncertain federal budget situation, the Management Board expects sales in the 2024 financial year to be at a similar level to the 2023 financial year. The Management Board is therefore planning for sales of around 390 million euros. Furthermore, the Management Board expects EBIT of around 42 million euros for the 2024 financial year. The company had already announced this in October 2023.