12.11.2024 08:00:18
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EQS-News: CANCOM SE: CANCOM Group grows slightly in difficult market conditions
EQS-News: CANCOM SE
/ Key word(s): 9 Month figures
CANCOM SE: CANCOM Group grows slightly in difficult market conditions
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 Adjusted forecast for the financial year confirmed The Executive Board confirms the adjusted forecast of 11 November 2024 and expects the key financial indicators to develop as follows in 2024:
About CANCOM 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
Note Data protection notification General information on the use of data by CANCOM
12.11.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
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 |
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2027433 12.11.2024 CET/CEST
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