secunet Security Networks AG / Key word(s): Forecast
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secunet Security Networks AG: forecast for the 2021 financial year
[Essen, 3 November 2020] The Management Board of secunet Security Networks AG (ISIN DE0007276503, WKN 727650) today issued its forecast for the coming financial year 2021.
The forecast envisages sales revenues of around 260 million euros and earnings before interest and taxes (EBIT) of around 38 million euros for secunet Group in the 2021 financial year. This outlook thus lies below the forecast for the current financial year 2020, which is expected to close with sales revenues of around 270 million euros and an EBIT of around 48 million euros, the seventh financial year in succession with an increase over the respective previous year.
In the current financial year 2020, secunet Security Networks AG has benefited from positive special effects in connection with the coronavirus pandemic, which were triggered in particular by public sector clients bringing forward and expanding their procurement of secure mobile workplaces. In addition, secunet is benefiting from government grants in the current financial year 2020 to a greater extent than in the 2019 financial year. In its forecast for the 2021 financial year, the Management Board has assumed that these positive special effects will no longer occur to a comparable degree.
In the forecast, the Management Board has also taken into account the overall economic environment, which is generally characterised by uncertainty due to the coronavirus pandemic, and the possible risk of a further tightening of measures to combat the pandemic, which could also have negative effects on the business activities of secunet Security Networks AG.
The forecast also makes allowance for an investment programme which was likewise approved by the Management Board today and which it is possible to implement thanks to the strong net assets and earnings situation of secunet Security Networks AG. The planned investments, which are expected to reach a high single-digit million amount, are primarily targeted at the areas of industrial security, eHealth and cloud security. They are intended to sustainably strengthen the Business Sector division.
secunet Security Networks AG
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Over 700 experts strengthen the digital sovereignty of governments, businesses and society. secunet's customers include federal ministries, more than 20 DAX-listed corporations as well as other national and international organisations. The Company was founded in 1997. It is listed on the SDAX and achieved revenues of around 226 million euros in 2019.
secunet is an IT security partner to the Federal Republic of Germany and a partner of the German Alliance for Cyber Security.
03-Nov-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
secunet Security Networks AG
+49 (0)201 - 5454 - 1227
+49 (0)201 - 5454 - 1228
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
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