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secunet Security Networks AG: forecast for the 2021 financial year

·4-min read

secunet Security Networks AG / Key word(s): Forecast
secunet Security Networks AG: forecast for the 2021 financial year

03-Nov-2020 / 18:15 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Publication of inside information pursuant to
Article 17 MAR

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.

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

Contact
Dr Kay Rathke
Head of Investor Relations

Patrick Franitza
Press Spokesman

secunet Security Networks AG
Kurfürstenstrasse 58
45138 Essen, Germany
Phone: +49 201 5454 1234
Fax: +49 201 5454 1235
e-mail: presse@secunet.com
http://www.secunet.com

About secunet
secunet is Germany's leading cybersecurity company. In an increasingly connected world, the Company's combination of products and consulting assures resilient digital infrastructures and the utmost protection for data, applications and digital identities. secunet specialises in areas with particular security requirements - such as cloud architectures, e-government, IIoT and eHealth. With security solutions from secunet, companies can maintain the highest security standards in digitalisation projects and thus expedite their digital transformation.

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.
.
Further information can be found at www.secunet.com.

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.

03-Nov-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

secunet Security Networks AG

Kurfürstenstr. 58

45138 Essen

Germany

Phone:

+49 (0)201 - 5454 - 1227

Fax:

+49 (0)201 - 5454 - 1228

E-mail:

investor.relations@secunet.com

Internet:

www.secunet.com

ISIN:

DE0007276503

WKN:

727650

Indices:

SDAX

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1145180


 

End of Announcement

DGAP News Service

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