secunet Security Networks AG reported financial results for the year 2019. In the 2019 financial year, the sales revenues of secunet Group grew by €63.6 million, or 39%, from €163.3 million in the previous year to €226.9 million. The earnings before interest and taxes (EBIT) of secunet Group increased by 23% compared to the previous year, rising from €26.9 million to €33.2 million. This improvement in EBIT resulted primarily from increased sales revenue in the product business. The company generated consolidated net income of €22.2 million in the 2019 financial year, corresponding to an increase of €4.4 million, or 25%, on the previous year (€17.8 million). Diluted and undiluted earnings per share stood at €3.44 in 2019, compared to €2.77 in the previous year. The net income of secunet Security Networks AG for the 2019 financial year was €20.2 million after €14.7 million in the 2018 financial year.

Subject to the further development of the corona epidemic, the Management Board of the company therefore is formulating its expectations for secunet group for the coming financial year 2020 as follows: a slight decline in sales revenues is anticipated. Accordingly, EBIT for secunet group is expected to be slightly below the previous year.

The company announced that Supervisory Board and the Management Board will propose to the Annual General Meeting the distribution of a dividend of €1.56 per dividend-bearing share for 2019.