Germany's Secunet 2025 prelim revenue beats on Defence & Space unit boost

Secunet Security Networks AG

29/01/2026 06:41

Overview

Germany cybersecurity firm's 2025 prelim revenue rose 13%, beating analyst expectations

EBIT for 2025 increased 22% yr/yr to €51.7 mln

Order intake for 2025 grew 26% to €531.9 mln, driven by strong Q4

Outlook

Secunet expects 2026 revenue between €460 mln and €500 mln

Company anticipates 2026 EBIT between €53 mln and €58 mln

Secunet forecasts 2026 EBITDA to rise to between €76 mln and €84 mln

Result Drivers

PUBLIC SECTOR GROWTH - Revenue in Public Sector segment rose 11%, driven by Defence & Space division's high double-digit growth

BUSINESS SECTOR PERFORMANCE - Revenue in Business Sector segment increased 27% to €46.6 mln

RECORD ORDER INTAKE - Order intake grew 26% in 2025, with Q4 contributing €218 mln, a 71.5% increase from Q4 2024

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Beat
EUR 458.80 mln
EUR 435.40 mln (3 Analysts)
FY EBIT
EUR 51.70 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the it services & consulting peer group is "buy"

Wall Street's median 12-month price target for secunet Security Networks AG is €231.00, about 9.2% above its January 28 closing price of €211.50

The stock recently traded at 36 times the next 12-month earnings vs. a P/E of 35 three months ago

Press Release: ID:nEQ4WM9JPa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)