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secunet Security Networks: 2020 will be better than forecast

At secunet Security Networks, business is going better than expected in 2020. So far, the Essen-based security technology group had expected sales and earnings before interest and taxes to decline slightly compared to the previous year. But now the forecast is being raised: “Based on the preliminary figures for the period from January to May 2020 and the still very high order backlog, the Executive Board is increasing its outlook for the current fiscal year 2020”, said secunet on Wednesday. Sales of EUR 270 million and earnings before interest and taxes of EUR 48 million are now expected.

In 2019, the company had converted 227 million euros and generated earnings of 33.2 million euros before interest and taxes.

“The high order backlog is mainly due to orders from public users due to the backlog demand for mobile workplaces as a result of the Corona crisis,” said secunet. Due to the still unclear further developments in the corona pandemic and the associated ability to deliver, the forecast is subject to change, the company said.

At a glance – chart and news: secunet Security Networks

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