DGAP-News: CANCOM SE: Satisfactory earnings development despite revenue decline in the first quarter of 2022. Annual forecast now more defensive.
DGAP-News: CANCOM SE
/ Key word(s): Quarter Results/Change in Forecast
CANCOM SE: Satisfactory earnings development despite revenue decline in the first quarter of 2022. Annual forecast now more defensive. Munich, Germany, 3 May 2022 - The CANCOM Group today published preliminary key financial figures for the first quarter of 2022. According to these figures, Group EBITDA rose to € 27.2 million in the first quarter of 2022 (prior year: € 25.6 million) despite Group revenue of € 300.9 million (prior year: € 337.2 million). "We were able to increase EBITDA by more than 6 per cent in the first quarter and thus generate a satisfactory quarterly result, although we recorded a decline in revenue. This increase in earnings was possible because our operating result is primarily determined by the services and IT-as-a-Service business. But above all, the well-known supply bottlenecks for IT hardware are an obstacle to growth for us. Customer demand remains high and so does our order book. However, contrary to our expectations, the supply situation in the IT market has deteriorated further, for example due to the lockdowns in Asia, and the changed political environment is also leading to delays in public sector orders in Germany," said Rudolf Hotter, CEO of CANCOM SE. According to preliminary figures for the first quarter of 2022, the CANCOM Group achieved Group revenue of € 300.9 million (prior year: € 337.2 million). Group gross profit rose to € 109.5 million in the first quarter of 2022 (prior year: € 104.9 million) and Group EBITDA was up on the prior year at € 27.2 million (prior year: €25.6m). The EBITDA margin for the first quarter of 2022 was 9.0 percent (prior year: 7.6 percent). Group EBITA was € 17.3 million (prior year: € 16.9 million). The full interim announcement of CANCOM Group for the first quarter of 2022 will be published on 12 May 2022 on the website www.cancom.de in the Investors section. About CANCOM Contact
Note Data protection notification General information on the use of data by CANCOM
03.05.2022 Dissemination of a Corporate News, transmitted by DGAP - 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: | [email protected] |
Internet: | http://www.cancom.de |
ISIN: | DE0005419105 |
WKN: | 541910 |
Indices: | MDAX, TecDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1342663 |
End of News | DGAP News Service |
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1342663 03.05.2022
Cancom SE Aktie
Positive Tendenz für Cancom SE mit mehreren Buy- und keiner Sell-Einschätzung.
Eine deutliche Steigerung um mehr als 20% ist für Cancom SE mit einem Kursziel von 39 € gegenüber 28.78 € zu erwarten.