ESSEN (dpa-AFX) - IT security services provider Secunet Security Networks has lowered its profit forecast due to higher costs and a lower revenue share from profitable licenses. Earnings before interest and taxes (Ebit) are now expected to decline by just over ten percent to around 42 million euros in 2023, the SDax-listed group announced in Essen on Friday afternoon. Previously, Secunet Security Networks had expected an increase to 50 million euros. The group was somewhat more optimistic about its earnings. This is now expected to rise to "at least" 375 million euros. Previously, only an increase to this amount had been held out as a prospect.

However, investors apparently only focused on the profit statements: Secunet's share price plummeted by almost 14 percent in an initial reaction./zb/he