Germany's secunet Security Networks H1 revenue rises on public sector growth

Secunet Security Networks AG

13/08/2026 06:42

Overview
Germany cybersecurity firm's H1 2026 revenue rose 19%, driven by Public Sector segment growth
EBITDA and EBIT increased, with Q2 earnings rising sharply yr/yr
Order intake surged 79% yr/yr, outlook for 2026 revenue specified at upper end of range

Outlook
Secunet expects 2026 revenue at the upper end of €460 mln to €500 mln range
Company maintains 2026 EBIT forecast of €53 mln to €58 mln
Secunet continues to project 2026 EBITDA of €76 mln to €84 mln

Result Drivers
PUBLIC SECTOR DEMAND - Revenue growth was primarily driven by the Public Sector segment, with strong contributions from Defence & Space and Homeland Security divisions
ORDER INTAKE SURGE - Order intake rose 78.7%, mainly due to strong demand from the Public Authorities division, supporting future growth

Company press release: ID:nEQ6gQzDxa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
EUR 204.70 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 €254.00, about 37% above its August 12 closing price of €185.40
The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 28 three months ago

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Aug 12 - Warship builder TKMS ups 2026 outlook, shares near 6-month high

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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.)