on Secunet Security Networks AG (ETR:YSN)
Secunet Reports Record Financial Performance for 2024, Eyes Growth in 2025
Secunet Security Networks AG, Germany's leading cybersecurity firm, achieved record sales in 2024, marking the eleventh consecutive year of growth. The company's revenue reached 406.4 million euros, surpassing both the 400 million euro threshold for the first time and the initial forecast of 390 million euros. The second half of the year contributed significantly, with nearly 65% of the revenue generated during this period.
The Public Sector led the way with 369.7 million euros in revenue, while the Business Sector faced challenges, generating 36.7 million euros. Regionally, German sales rose by 2%, and international sales increased by 14%. EBIT slightly exceeded forecasts at 42.5 million euros, maintaining a margin of 10.5%.
For 2025, Secunet plans targeted investments in promising growth areas, focusing on SINA Cloud and post-quantum cryptography. The company's strategy aims for sustainable growth and profitability, with an expected revenue of 425 million euros and an EBIT margin between 9.5 and 11.5 percent.
R. E.
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