EQS-News: CANCOM SE: CANCOM grows very significantly in 2023 and achieves key forecast targets


EQS-News: CANCOM SE / Key word(s): Preliminary results

CANCOM SE: CANCOM experiences very significant growth in 2023 and achieves its main forecast objectives

13.02.2024 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

CANCOM experiences very significant growth in 2023 and achieves its main forecast objectives

  • The successful implementation of the acquisition strategy in the DACH region ensures very significant growth for the CANCOM group over the entire year.
  • Sales increased by 17.8 percent to 1,523.1 million euros and gross margin improved by 33.0 percent to 582.6 million euros.
  • EBITDA recorded an increase of 10.9 percent to 116.3 million euros.
  • Operating cash flow improved significantly by +145 million euros over the year.
  • Key objectives of the 2023 forecasts achieved.

Munich, Germany, February 13, 2024 – The CANCOM Group successfully closes the 2023 financial year with very significant growth. Based on preliminary figures, turnover increased by 17.8 percent to 1,523.1 million euros (previous year: 1,292.9 million euros). Gross profit developed extremely well, increasing by 33.0 percent to 582.6 million euros (previous year: 437.9 million euros), which is in the middle of the forecast range. EBITDA also increased significantly by 10.9 percent and is expected to reach 116.3 million euros (previous year: 104.9 million euros). EBITA increased by 19.2 percent to 64.7 million euros (previous year: 54.3 million euros). Based on preliminary figures, operating cash flow improved by more than 145 million euros and amounts to 92.8 million euros for the financial year 2023 (previous year: -53.6 million euros).

“Thanks to a successful acquisition strategy in our core market DACH, we were able to expand in 2023,” says Rüdiger Rath, CEO of CANCOM SE, summing up the 2023 financial year. “We have thus laid the foundations for our successful development in 2024. exercise in a difficult economic environment.

CANCOM Group's 2023 annual report will be released on March 28, 2024.

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About COMCAN
As a hybrid IT service provider, CANCOM supports organizations into the digital future. CANCOM helps customers simplify complex business IT and increase business success through the implementation of modern technologies. To comprehensively meet the IT needs of businesses, organizations and the public sector, CANCOM offers tailor-made end-to-end IT from a single source.

CANCOM Group's range of IT solutions includes consulting, implementation, services and management of IT systems. Clients benefit from deep expertise as well as a holistic and innovative portfolio that covers the IT requirements necessary for successful digital transformation. As an integrator and hybrid IT service provider, the company offers an integrated range of services and solutions, including business solutions and managed services, such as cloud computing, analytics, enterprise mobility, IT security, hosting and as-a-service offerings.

With more than 5,600 employees, the CANCOM group and its efficient partner network ensure a market presence and proximity to customers in Germany, Austria, Switzerland and Belgium. The CANCOM Group is led by Rüdiger Rath (CEO), Jochen Borenich (CSO) and Thomas Stark (CFO). The company is headquartered in Munich, Germany. CANCOM generated revenue of approximately €1.5 billion in fiscal year 2023. Its parent company CANCOM SE is listed on the SDAX and TecDax of the Frankfurt Stock Exchange (ISIN DE0005419105).

Contact
Lars Dannenberg
Director Investor Relations
+49 89 54054 5371
[email protected]

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13.02.2024 CET/CEST Broadcast of 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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