secunet Security Networks Management
Management criteria checks 2/4
We currently do not have sufficient information about the CEO.
Key information
Marc-Julian Siewert
Chief executive officer
n/a
Total compensation
| CEO salary percentage | n/a |
| CEO tenure | less than a year |
| CEO ownership | n/a |
| Management average tenure | 5.8yrs |
| Board average tenure | 8yrs |
Recent management updates
Recent updates
Narrative Update • Apr 27
YSN: 2026 Guidance And Dividend Will Support Further Upside
Analysts have revised their price target for secunet Security Networks from €244.25 to approximately €239.67, reflecting updated assumptions around revenue growth, profit margins and a slightly different P/E outlook. What's in the News secunet confirmed earnings guidance for fiscal 2026, with the Executive Board stating an expected consolidated revenue range of €460 million to €500 million and EBIT between €53 million and €58 million (Corporate guidance).Narrative Update • Apr 09
YSN: 2026 Guidance And M&A Capacity Will Drive Further Upside
Analysts have maintained their price target for secunet Security Networks at €244.25. This reflects updated assumptions that include a slightly lower discount rate, modestly higher revenue growth, a small adjustment to profit margin expectations and a lower future P/E multiple.Analysis Article • Apr 06
secunet Security Networks' (ETR:YSN) Solid Earnings Are Supported By Other Strong Factors
secunet Security Networks Aktiengesellschaft ( ETR:YSN ) recently posted some strong earnings, and the market responded...Narrative Update • Mar 25
YSN: 2026 Guidance And M&A Capacity Will Support Further Upside
Analysts have maintained their price target for secunet Security Networks at €244.25, with only minor tweaks to inputs such as the discount rate, revenue growth, profit margin and future P/E assumptions. This signals that their overall view on the shares is essentially unchanged.Narrative Update • Mar 11
YSN: 2026 Guidance And M&A Capacity Will Support Further Upside
Analysts have kept their €244.25 price target for secunet Security Networks unchanged, pointing to only very small tweaks in assumptions around the discount rate, revenue growth, profit margin and future P/E as the main drivers of this stable view. What's in the News Management is open to inorganic growth, with the CFO highlighting that the company is considering acquisitions and investments alongside organic growth (Key Developments).Narrative Update • Feb 24
YSN: 2026 Guidance And M&A Capacity Will Support Further Upside
Analysts have kept their €244.25 price target for secunet Security Networks unchanged, as a slightly higher discount rate and revised future P/E assumptions have offset each other in their updated models. What's in the News Management issued earnings guidance for fiscal 2026, with group revenue targeted in a range of €460 million to €500 million.Narrative Update • Feb 10
YSN: Confirmed 2025 Margins And 2026 Guidance Will Support Upside Potential
Analysts have raised their price target on secunet Security Networks from €228.75 to €244.25. They cite updated assumptions regarding revenue growth, profit margin, a slightly adjusted discount rate, and a revised future P/E multiple.Narrative Update • Jan 27
YSN: Stable 2025 Margin Outlook Will Support Fair Value Assessment
Analysts have nudged their price target for secunet Security Networks to €228.75, a change they link to slightly adjusted assumptions for discount rate, revenue growth, profit margin and future P/E that keep their fair value view broadly unchanged. What's in the News Management confirmed full year 2025 revenue expectations at around €425 million, keeping the topline outlook unchanged for the period (Key Developments).Analysis Article • Jan 21
secunet Security Networks Aktiengesellschaft's (ETR:YSN) Popularity With Investors Is Under Threat From Overpricing
With a price-to-earnings (or "P/E") ratio of 38.5x secunet Security Networks Aktiengesellschaft ( ETR:YSN ) may be...Narrative Update • Jan 12
YSN: Higher Margin Outlook Will Support Stronger Future Fair Value Estimate
Analysts have raised their fair value estimate for secunet Security Networks from €216.75 to €228.75, citing updated assumptions that include a slightly higher discount rate, modestly different revenue growth expectations, a higher profit margin outlook, and a lower future P/E multiple. What's in the News Management confirmed earnings guidance for the full year 2025, keeping annual revenue expectations at around €425 million (Key Developments).Analysis Article • Dec 31
secunet Security Networks Aktiengesellschaft's (ETR:YSN) Intrinsic Value Is Potentially 17% Below Its Share Price
Key Insights Using the 2 Stage Free Cash Flow to Equity, secunet Security Networks fair value estimate is €153 secunet...Analysis Article • Nov 29
Returns On Capital Signal Tricky Times Ahead For secunet Security Networks (ETR:YSN)
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Analysis Article • Nov 07
Is There Now An Opportunity In secunet Security Networks Aktiengesellschaft (ETR:YSN)?
While secunet Security Networks Aktiengesellschaft ( ETR:YSN ) might not have the largest market cap around , it saw...Narrative Update • Sep 23
Delayed Government Orders Will Expand European Cyber Markets
The consensus price target for secunet Security Networks has increased, driven by a higher future P/E despite a declining net profit margin, resulting in a new target of €216.75. What's in the News secunet Security Networks AG reaffirmed earnings guidance for 2025, expecting revenue around €425 million, up from €390 million in 2024.Analysis Article • Sep 15
Is secunet Security Networks Aktiengesellschaft (ETR:YSN) Expensive For A Reason? A Look At Its Intrinsic Value
Key Insights Using the 2 Stage Free Cash Flow to Equity, secunet Security Networks fair value estimate is €147 secunet...Analysis Article • Aug 30
secunet Security Networks (ETR:YSN) Might Be Having Difficulty Using Its Capital Effectively
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a...Analysis Article • Jul 31
Earnings Not Telling The Story For secunet Security Networks Aktiengesellschaft (ETR:YSN)
secunet Security Networks Aktiengesellschaft's ( ETR:YSN ) price-to-earnings (or "P/E") ratio of 50.2x might make it...Analysis Article • May 22
Shareholders May Be Wary Of Increasing secunet Security Networks Aktiengesellschaft's (ETR:YSN) CEO Compensation Package
Key Insights secunet Security Networks' Annual General Meeting to take place on 28th of May Salary of €320.0k is part...New Narrative • May 18
Cloud Transition And Post-Quantum Cryptography Will Open Global Markets
Expansion in public sector and international markets, along with post-quantum products, drives revenue growth and strategic positioning.Analysis Article • May 07
secunet Security Networks' (ETR:YSN) Shareholders Will Receive A Bigger Dividend Than Last Year
The board of secunet Security Networks Aktiengesellschaft ( ETR:YSN ) has announced that it will be paying its dividend...Analysis Article • Apr 22
secunet Security Networks Aktiengesellschaft's (ETR:YSN) Intrinsic Value Is Potentially 21% Below Its Share Price
Key Insights Using the 2 Stage Free Cash Flow to Equity, secunet Security Networks fair value estimate is €156 Current...Analysis Article • Apr 04
secunet Security Networks' (ETR:YSN) Soft Earnings Are Actually Better Than They Appear
The most recent earnings report from secunet Security Networks Aktiengesellschaft ( ETR:YSN ) was disappointing for...Analysis Article • Apr 03
secunet Security Networks (ETR:YSN) Is Increasing Its Dividend To €2.73
secunet Security Networks Aktiengesellschaft's ( ETR:YSN ) dividend will be increasing from last year's payment of the...Analysis Article • Apr 02
What secunet Security Networks Aktiengesellschaft's (ETR:YSN) 33% Share Price Gain Is Not Telling You
secunet Security Networks Aktiengesellschaft ( ETR:YSN ) shares have continued their recent momentum with a 33% gain in...Analysis Article • Mar 05
secunet Security Networks (ETR:YSN) Could Be Struggling To Allocate Capital
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Analysis Article • Feb 01
Unpleasant Surprises Could Be In Store For secunet Security Networks Aktiengesellschaft's (ETR:YSN) Shares
With a price-to-earnings (or "P/E") ratio of 29.7x secunet Security Networks Aktiengesellschaft ( ETR:YSN ) may be...Analysis Article • Jan 14
At €113, Is secunet Security Networks Aktiengesellschaft (ETR:YSN) Worth Looking At Closely?
secunet Security Networks Aktiengesellschaft ( ETR:YSN ), might not be a large cap stock, but it led the XTRA gainers...Analysis Article • Nov 19
secunet Security Networks (ETR:YSN) Will Be Hoping To Turn Its Returns On Capital Around
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...Analysis Article • Sep 06
Is secunet Security Networks Aktiengesellschaft (ETR:YSN) Trading At A 31% Discount?
Key Insights Using the 2 Stage Free Cash Flow to Equity, secunet Security Networks fair value estimate is €140 Current...Analysis Article • Aug 16
secunet Security Networks Aktiengesellschaft Recorded A 6.4% Miss On Revenue: Analysts Are Revisiting Their Models
Shareholders might have noticed that secunet Security Networks Aktiengesellschaft ( ETR:YSN ) filed its interim result...Analysis Article • Aug 03
Should You Investigate secunet Security Networks Aktiengesellschaft (ETR:YSN) At €116?
secunet Security Networks Aktiengesellschaft ( ETR:YSN ), is not the largest company out there, but it received a lot...Analysis Article • Jul 02
There Are Reasons To Feel Uneasy About secunet Security Networks' (ETR:YSN) Returns On Capital
If you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and...Analysis Article • May 27
Earnings Not Telling The Story For secunet Security Networks Aktiengesellschaft (ETR:YSN)
With a price-to-earnings (or "P/E") ratio of 31.2x secunet Security Networks Aktiengesellschaft ( ETR:YSN ) may be...Analysis Article • Mar 23
Is It Too Late To Consider Buying secunet Security Networks Aktiengesellschaft (ETR:YSN)?
While secunet Security Networks Aktiengesellschaft ( ETR:YSN ) might not have the largest market cap around , it saw a...Analysis Article • Jan 18
Unpleasant Surprises Could Be In Store For secunet Security Networks Aktiengesellschaft's (ETR:YSN) Shares
secunet Security Networks Aktiengesellschaft's ( ETR:YSN ) price-to-earnings (or "P/E") ratio of 35.6x might make it...Analysis Article • Dec 30
secunet Security Networks (ETR:YSN) Will Want To Turn Around Its Return Trends
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...Analysis Article • Dec 14
secunet Security Networks (ETR:YSN) Seems To Use Debt Quite Sensibly
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Nov 12
Estimating The Fair Value Of secunet Security Networks Aktiengesellschaft (ETR:YSN)
Key Insights The projected fair value for secunet Security Networks is €142 based on 2 Stage Free Cash Flow to Equity...Analysis Article • Sep 29
secunet Security Networks (ETR:YSN) Will Be Hoping To Turn Its Returns On Capital Around
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Analysis Article • Sep 08
secunet Security Networks (ETR:YSN) Has A Pretty Healthy Balance Sheet
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...CEO
Marc-Julian Siewert
less than a year
Tenure
Mr. Marc-Julian Siewert is Member of Management Board & CEO of secunet of Giesecke+Devrient GmbH. He is CEO & Chairman of the Management Board at secunet Security Networks Aktiengesellschaft since July 01,...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CFO & Member of the Management Board | 1.9yrs | €289.84k | no data | |
| COO & Full Member of the Management Board | 9.8yrs | €373.82k | no data | |
| CTO & Full Member of the Management Board | 11.3yrs | €376.45k | no data | |
| CEO & Chairman of the Management Board | less than a year | no data | no data |
5.8yrs
Average Tenure
Experienced Management: YSN's management team is seasoned and experienced (5.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Member of Supervisory Board | 21.9yrs | €27.50k | no data | |
| Independent Chairman of Supervisory Board | 9yrs | €35.00k | no data | |
| Member of the Supervisory Board | 12yrs | €20.00k | no data | |
| Employee Representative Member of the Supervisory Board | 7yrs | €20.00k | no data | |
| Employee Representative Member of the Supervisory Board | 7yrs | €20.00k | no data | |
| Independent Deputy chairman of the Supervisory Board | 2yrs | no data | no data |
8.0yrs
Average Tenure
Experienced Board: YSN's board of directors are considered experienced (8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/08 12:44 |
| End of Day Share Price | 2026/05/08 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
secunet Security Networks Aktiengesellschaft is covered by 6 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Andreas Wolf | Berenberg |
| Norbert Kalliwoda | Dr. Kalliwoda Research |
| Finn Kemper | Hauck Aufhäuser Investment Banking |