ESSEN (dpa-AFX) - After a weak start to the year, business at IT security services provider Secunet Security Networks picked up significantly in the second quarter. As a result, revenues for the first half of the year rose by twelve percent to 151.5 million euros. "We are extremely pleased with the considerable increase in revenue in the first half of 2023 and expect this growth to continue in the second half of the year," Group CEO Axel Deininger said in Essen, according to a statement Thursday.

With the forecast increase in sales in the coming months, the executive board also expects "a further substantial improvement" in operating profit, the manager added. He added that the annual targets were also on track thanks to the very high order intake.

Profits also improved again in the second quarter. At 4 million euros, earnings before interest and taxes (Ebit) in the first half of the year were still well below the previous year's figure of 14.9 million. In the second quarter, however, operating profit had risen by almost 60 percent year-on-year to 10.2 million euros.

Below the line, the SDax company achieved a profit of 2.4 million euros in the first half of the year - compared to 10.1 million euros in the previous year./tav/mis