on Secunet Security Networks AG (ETR:YSN)
Secunet Reports Strong Growth in First Half of 2025
Secunet Security Networks AG has reported significant growth for the first half of 2025. Preliminary figures show consolidated revenue at approximately €171.7 million, a 19% increase from €144.3 million in the same period of the previous year. The company's preliminary EBITDA margin rose to 9.7% from 7.7% a year ago, marking a 26% increase, while EBIT margin jumped by 332% to reach 4.2%.
The growth was largely fueled by a robust first quarter, thanks to substantial Public Sector orders from late 2024. These orders were recognized in the first quarter of 2025, though their impact has diminished due to a revised product mix.
Based on these promising results, Secunet's Management Board has affirmed its 2025 forecast, projecting a consolidated revenue of around €425 million, with expected EBITDA and EBIT margins of 14.5%-16.5% and 9.5%-11.5%, respectively.
R. H.
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