CANCOM SE
ISIN: DE0005419105
WKN: 541910
12 November 2024 08:00AM

EQS-News: CANCOM SE: CANCOM Group grows slightly in difficult market conditions

CANCOM SE · ISIN: DE0005419105 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 2027433

EQS-News: CANCOM SE / Key word(s): 9 Month figures
CANCOM SE: CANCOM Group grows slightly in difficult market conditions

12.11.2024 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


CANCOM SE: CANCOM Group grows slightly in difficult market conditions
 

  • Slight sales growth in the third quarter to € 422.6 million (previous year € 415.8 million)
  • EBITDA reaches € 31.0 million after € 35.0 million in the same period of the previous year
  • Further improvement in operating cash flow to € 58.5 million in the first nine months
  • Forecast adjusted on 11 November 2024 for the 2024 financial year

Munich, 12 November 2024 - The CANCOM Group, a leading digital business provider, confirms the adjusted forecast of 11 November 2024 for the 2024 financial year. At the same time, the published key financial figures for the first nine months of the current financial year show a solid result in view of the difficult market conditions.

"Our aim is to be the first point of contact for our customers when it comes to digitalisation topics and to support them with the growing demands of their digital evolution, especially in challenging times. Although the results for the third quarter do not fully meet our expectations, we were able to hold our own in a challenging market environment," says Rüdiger Rath, CEO of CANCOM SE.

Solid key financial figures in an economically challenging market environment

The CANCOM Group's revenue increased slightly in the third quarter from € 415.8 million to € 422.6 million. In the business segment Germany, revenue totalled € 279.3 million after € 264.8 million. At the same time, the International business segment recorded sales of € 143.3 million after € 151.0 million in the same quarter of the previous year. The CANCOM Group's EBITDA totalled € 31.0 million after € 35.0 million and EBITA amounted to € 17.5 million (previous year: € 20.5 million).

Cash flow in line with expectations
Cash flow from operating activities totalled € -10.1 million in the third quarter and reached € +58.5 million in the first nine months of the reporting period (previous year: € -9.9 million).

Adjusted forecast for the financial year confirmed
In the fourth quarter in particular, the CANCOM Group usually generates a significant proportion of its business with public sector and SME customers. The Executive Board of CANCOM SE expects the recent changes, particularly in the German political environment, to have an impact on the investment behaviour of these customer groups. In addition, the geopolitical and macroeconomic conditions remain tense.

The Executive Board confirms the adjusted forecast of 11 November 2024 and expects the key financial indicators to develop as follows in 2024:

CANCOM Group Forecast 2024 (new) Forecast 2024 (old)
Turnover 1,650 to € 1,750 million 1,750 to € 2,000 million
Gross profit 640 to € 710 million 640 to € 740 million
EBITDA 112 to € 130 million 130 to 155 million €
EBITA 57 to € 75 million 75 to 100 million €

 

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), Jochen Borenich (CSO) 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

 

Note
If you do not wish to receive information from us via e-mail, please write to ir@cancom.de.

Data protection notification
You are receiving this notification because you are included in the CANCOM investor information e-mail distribution list. You have been included as you have indicated in the past to be informed about company news. For this reason CANCOM stores and processes personal data like name and e-mail address to be able to provide to you this service. CANCOM stores and uses this data solely to obtain information about the development of the shareholder communication and to be able to contact investors as part of the investor relations activities.

General information on the use of data by CANCOM
CANCOM will not pass on personal data obtained in the course of investor relations activities to third parties without the express consent of the person concerned. The only exception to this rule is that CANCOM receives a request for data transmission from competent authorities such as the Federal Financial Supervisory Authority.
Even after you have agreed to receive investor information from us and thus permitted CANCOM to store and use your personal data, you have the right to revoke this agreement at any time. All you need to do is send an informal message by e-mail to widerspruch@cancom.de or to ir@cancom.de
For any further information about CANCOM's privacy policy, who to contact or your individual rights as a data subject, please visit our website https://www.cancom.com/privacy-protection/



12.11.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: CANCOM SE
Erika-Mann-Straße 69
80636 Munich
Germany
Phone: +49-(0)89/54054-0
Fax: +49-(0)89/54054-5119
E-mail: info@cancom.de
Internet: http://www.cancom.de
ISIN: DE0005419105
WKN: 541910
Indices: SDAX, TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 2027433

 
End of News EQS News Service

2027433  12.11.2024 CET/CEST

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Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 1.317,27 1.549,29 1.649,43 1.304,46 1.292,88 1.522,73 1.700,00
EBITDA1,2 103,84 119,25 123,05 121,48 104,86 115,71 124,00
EBITDA-Margin3 7,88 7,70 7,46 9,31 8,11 7,60 7,29
EBIT1,4 63,99 54,39 63,85 77,44 49,82 55,78 64,00
EBIT-Margin5 4,86 3,51 3,87 5,94 3,85 3,66 3,77
Net Profit (Loss)1 42,07 36,63 61,84 272,99 30,75 55,78 41,00
Net-Margin6 3,19 2,36 3,75 20,93 2,38 3,66 2,41
Cashflow1,7 81,93 129,81 68,24 72,31 -53,57 94,63 0,00
Earnings per share8 1,20 1,04 1,60 7,08 0,86 1,00 1,30
Dividend per share8 0,50 0,50 0,75 1,00 1,00 1,00 0,75
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: KPMG

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
©boersengefluester.de
Cancom
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
541910 DE0005419105 SE 738,72 Mio € 16.09.1999 Halten 8FWH4GVP+89
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
15,12 24,50 0,62 13,27 1,10 7,81 0,49
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
1,00 1,00 0,75 3,20%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
24.06.2025 14.05.2025 12.08.2025 12.11.2024 31.03.2025
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
+1,12%
23,44 €
ATH 64,82 €
-5,46% -17,42% -20,70% -19,62% +118,05%

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