Secunet Security Networks AG Achieves 2024 Forecast Targets

Secunet Security Networks AG announced that it has achieved its financial forecast for the 2024 fiscal year according to preliminary calculations. The company's consolidated revenue rose by approximately 3.4% to nearly EUR 407 million, exceeding the EUR 400 million mark and marking the eleventh consecutive year of revenue growth.

The increase in revenue was primarily driven by positive business momentum in the Public Sector segment. The fourth quarter, traditionally the strongest, along with a robust third quarter, significantly contributed to this eleventh consecutive revenue record. Preliminary consolidated earnings before interest and taxes (EBIT) stood at approximately EUR 42 million, in line with the forecast and the previous year.

CEO Axel Deininger highlighted the robustness of Secunet's business model amidst challenging economic conditions and geopolitical crises. He noted that investments in future growth, particularly in expanding the SINA and cloud product portfolio, were successfully advanced. Progress was made with SINA Cloud, enabling multi-tenant cloud solutions up to SECRET classification.

In the healthcare sector, Secunet reinforced its market position with the approval of the secunet high-speed connector 2.0. This new variant is designed for central operation, simplifying management. The company also made strides with its 'Medical Connect' product for secure health data exchange, receiving approval for the connector from gematik.