secunet Security Networks First Half 2024 Earnings: EPS: €0.16 (vs €0.39 in 1H 2023)

secunet Security Networks (ETR:YSN) First Half 2024 Results

Key Financial Results

• Revenue: €144.3m (down 4.8% from 1H 2023).
• Net income: €1.01m (down 60% from 1H 2023).
• Profit margin: 0.7% (down from 1.7% in 1H 2023). The decrease in margin was driven by lower revenue.
• EPS: €0.16 (down from €0.39 in 1H 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

secunet Security Networks Earnings Insights

Looking ahead, revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the IT industry in Germany.

Performance of the German IT industry.

The company's shares are down 6.7% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on secunet Security Networks' balance sheet health.

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