Secunet Group Achieves €337.6 Million in Turnover During FY 2021

secunet Security Networks AG, Germany’s leading cybersecurity provider and long-standing IT security partner to the Federal Republic of Germany, reported strong financial performance for the 2021 fiscal year. The secunet Group generated revenues of €337.6 million, marking an 18% increase over the previous year’s €285.6 million. Earnings before interest and taxes (EBIT) climbed 24% to €63.9 million, up from €51.6 million in 2020. Group profit rose to €43.0 million compared to €35.0 million the year before, with diluted and undiluted earnings per share improving to €6.66 (previous year: €5.43).

Growth was supported by solid contributions from both business segments — Public Sector and Business Sector.

Strong Performance Across Segments

The Public Sector, which serves government entities in Germany and abroad along with international institutions, recorded revenues of €278.1 million, up 17% from €237.1 million. EBIT increased to €57.4 million, a 7% rise from the previous year. This momentum was largely powered by robust demand for the SINA product portfolio and additional pandemic-driven procurement of secure mobile workstations.

The Business Sector, focused on private enterprises and the healthcare industry, delivered impressive growth with a 23% rise in revenue to €59.5 million (previous year: €48.5 million). EBIT also swung significantly upward to €6.5 million, following a loss of -€2.2 million in 2020. The turnaround was fuelled primarily by strong uptake of the secunet konnektor in the healthcare market.

Record Order Book & Improved Annual Financial Statements

As of 31 December 2021, secunet Group reported an order backlog of €185.2 million, up 24% from €149.5 million the previous year—driven mainly by increased demand from Public Sector clients.

According to secunet Security Networks AG’s commercial-law Annual Financial Statements, sales reached €327.4 million (previous year: €279.1 million), with EBIT rising to €62.9 million (previous year: €48.5 million). Net income improved to €43.5 million, compared with €32.8 million a year earlier.

A dividend proposal of €5.38 per share will be presented at the Annual General Meeting on 25 May 2022. This includes a regular dividend of €3.37 and a special dividend of €2.01 per share.

Management Outlook

“We not only met our 2021 forecast but also achieved record results for the eighth consecutive year,” said Axel Deininger, CEO of secunet Security Networks AG. “Our SINA product line continues to perform strongly, and we maintained our leadership in deploying healthcare connectors across the medical sector. We have also laid important strategic foundations in the industrial market that will support accelerated growth in the years ahead.”