Secunet Security Networks (YSN) Q4 2024 TU earnings summary

Executive summary

• Achieved 2024 forecast targets with preliminary revenue up 3.4% to nearly EUR 407 million, marking the eleventh consecutive year of growth.

• EBIT reached approximately EUR 42 million, in line with forecast and prior year, despite higher R&D and inventory adjustments.

• Business model demonstrated resilience amid challenging economic and geopolitical conditions.

Financial highlights

• Preliminary Group revenue increased to around EUR 407 million from EUR 393.7 million year-over-year.

• EBIT impacted by EUR 4 million in higher R&D and inventory costs; prior year EBIT benefited from a EUR 2.6 million one-time gain from SysEleven GmbH acquisition.

• Q4 revenue reached approximately EUR 152 million, up from EUR 110.5 million in Q3 but slightly below Q4 2023 (EUR 154.7 million).

• Q4 EBIT improved to about EUR 24 million from EUR 16.2 million in Q3, though below Q4 2023 (EUR 33.3 million).

Outlook and guidance

• Final audited results and 2025 forecast to be published on 28 March 2025.

• Continued investment in R&D and product innovation positions the company for future growth.