EQS-News: CANCOM SE: CANCOM achieves 2024 forecast and increases cashflow again

CANCOM achieves 2024 forecast and increases cashflow again

• Sales increase by 14.4 percent to € 1,742.2 million.
• Gross profit increased by 19.1 percent to € 693.3 million.
• EBITDA totalled € 113.1 million (previous year: € 115.7 million).
• Operating cashflow increased to € 192.9 million (previous year: € 94.6 million).
• Forecast for 2024 achieved.

Munich, Germany, 11 February 2025 – The CANCOM Group closes an eventful 2024 financial year in line with its forecast. Based on the preliminary figures for 2024, revenue increased by 14.4 percent to € 1,742.2 million (previous year: € 1,522.7 million). Gross profit grew by 19.1 percent to € 693.3 million (previous year: € 582.3 million). EBITDA reached € 113.1 million (previous year: € 115.7 million) and EBITA totalled € 59.4 million. All relevant performance indicators are within the forecast range for the 2024 financial year.

Operating cashflow improved again this year. It increased by almost € 100 million and reached € 192.9 million in the 2024 financial year (previous year: € 94.6 million).

The Annual Report 2024 of the CANCOM Group will be published on 31 March 2025.

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About CANCOM
As a leading Digital Business Provider, CANCOM leads companies, organizations and the public sector into the digital future. The range of services and solutions includes classic system house IT solutions as well as data-based digital solutions, managed services and cloud services. We accompany the digital evolution of our customers with passion and technology and support them in reducing the complexity of their IT and developing new business models. We offer a holistic portfolio for all IT and business requirements.

The CANCOM Group's offering comprises innovative solutions in the areas of Artificial Intelligence, Security & Network, Datacenter & Cloud, IoT Solutions and Modern Workplace and includes services for the entire IT lifecycle – from the provision of IT infrastructures, planning and integration, to support, managed services and XaaS. Customers benefit from the extensive expertise with which their diverse requirements are translated into concrete industry-specific IT solutions to significantly promote their business success.

The more than 5,600 employees of the internationally active CANCOM Group with around 80 locations in the DACH region, Belgium, Slovakia, Romania and the Czech Republic as well as an efficient partner network ensure market presence and customer proximity. The CANCOM Group is managed by Rüdiger Rath (CEO) and Thomas Stark (CFO). The company is headquartered in Munich. CANCOM generated annual revenue of around 1.5 billion euros in 2023. The Group parent company CANCOM SE is listed on the Frankfurt Stock Exchange in the TecDAX and SDAX (ISIN DE0005419105).

Contact
Lars Dannenberg
Vice President Investor Relations & Corporate Strategy
+49 89 54054 5371
lars.dannenberg@cancom.de

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