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Secunet Security Networks (YSN) investor relations material
Secunet Security Networks Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for H1 2026 grew 19.2% year-over-year to €204.7 million, driven by strong public sector, defense, and homeland security demand, with especially strong Q2 growth.
Order intake surged 78.7% to €287.4 million, with a book-to-bill ratio of 1.4x, indicating robust future growth.
EBIT increased 20.4% to €8.7 million, and net income rose 17.3% to €5.9 million.
Strategic investments in AI, cloud, and partnerships with leading tech firms (e.g., HPE, NVIDIA, Cloudflare) are enhancing technological capabilities and expanding market reach.
Workforce expanded by 4.7% to support growth and enhance technological expertise.
Financial highlights
Revenue for H1 2026 reached €204.7 million, up 19.2% year-over-year; Q2 revenue grew 31.6%.
EBIT rose 20.4% to €8.7 million; EBITDA increased 15.5% to €19.2 million.
Net income for H1 2026 reached €5.9 million, a 17.3% increase year-over-year.
Gross profit increased 12.4% to €40.7 million, but margin declined to 19.9% due to higher material costs and sales mix.
Cash and cash equivalents dropped to €6.9 million as of June 30, 2026, mainly due to increased inventory and dividend payments.
Outlook and guidance
Revenue guidance for 2026 specified at the upper end of €460–500 million, with EBIT of €53–58 million and EBITDA of €76–84 million.
Strong order intake and backlog support continued growth, especially in defense and public sector.
Anticipates typical seasonality with a stronger H2, supported by high order intake and inventory readiness.
Growth strategy continues with investments in product and organizational development.
- Record sales of €406.4 million, strong EBIT, and robust outlook with higher dividend proposed.YSN
Q4 2024 - Revenue up 4.4% and order intake surged 90.7%, with EBIT negative on one-time costs.YSN
Q1 2026 - Record revenue, profit, and order intake in 2025 set a strong outlook for 2026.YSN
Q4 2025 - Revenue up 13%, EBIT up 22%, record order intake, and strong 2026 growth outlook.YSN
Q4 2025 TU - Revenue up 19% and EBIT up 414% in H1 2025; Q4 set for major order execution.YSN
Q2 2025 - Revenue and EBIT surged, prompting a raised outlook above €400 million and strong Public Sector growth.YSN
Q3 2024 - Sales and earnings fell, but order backlog and guidance remain strong for 2024.YSN
Q2 2024 - Q1 2025 revenue up 35.9% YoY, margins strong, outlook and €425M forecast confirmed.YSN
Q1 2025 - 2024 revenue hit a record EUR 407 million, driven by public sector and healthcare momentum.YSN
Q4 2024 TU
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Next Secunet Security Networks earnings date
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