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EQS-Ad-hoc: CANCOM SE / Key word(s): Forecast
CANCOM SE: CANCOM lowers forecast for the 2024 financial year due to increased uncertainties
11-Nov-2024 / 18:36 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
CANCOM SE: CANCOM lowers forecast for the 2024 financial year due to increased uncertainties
Munich, 11 November 2024 - Due to increased uncertainties concerning the general market conditions, in particular the recent political developments in CANCOM's core markets Germany and Austria, the Executive Board of CANCOM SE is lowering its forecast for the 2024 financial year.
The development in the third quarter of the 2024 financial year showed sales of € 422.6 million (previous year: € 415.8 million), gross profit of € 174.0 million (previous year: € 161.7 million) and EBITDA of € 31.0 million (previous year: € 35.0 million).
In the fourth quarter, 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 political environment, to have an impact on the investment behaviour of these customer groups. In addition, the geopolitical and macroeconomic conditions remain tense. Based on an assessment carried out today of the expected business development in the remaining 2024 financial year, the Executive Board of CANCOM SE now assumes the following development for the 2024 financial year:
| CANCOM Group |
Updated forecast 2024 |
| Turnover |
1,650 to € 1,750 million
(previously € 1,750 to € 2,000 million) |
| Gross profit |
640 to € 710 million
(previously € 640 to € 740 million) |
| EBITDA |
112 to € 130 million
(previously € 130 to € 155 million) |
| EBITA |
57 to € 75 million
(previously € 75 to € 100 million) |
The full quarterly report of the CANCOM Group for the first nine months of 2024 will be published on 12 November 2024 on the website www.cancom.de in the Investors section.
Notifying company:
CANCOM SE, Erika-Mann-Straße 69, 80636 Munich, Germany
ISIN DE0005419105, Frankfurt Stock Exchange (SDAX, TecDAX, Prime Standard)
Contact / Notifying Person:
Lars Dannenberg
Investor Relations
+49 (0)89 54054 5371
lars.dannenberg@cancom.de
End of Inside Information
11-Nov-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
|
| 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: |
2027345 |
| |
| End of Announcement |
EQS News Service |
2027345 11-Nov-2024 CET/CEST
EQS-Ad-hoc: CANCOM SE / Key word(s): Forecast
CANCOM SE: CANCOM lowers forecast for the 2024 financial year due to increased uncertainties
11-Nov-2024 / 18:36 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
CANCOM SE: CANCOM lowers forecast for the 2024 financial year due to increased uncertainties
Munich, 11 November 2024 - Due to increased uncertainties concerning the general market conditions, in particular the recent political developments in CANCOM's core markets Germany and Austria, the Executive Board of CANCOM SE is lowering its forecast for the 2024 financial year.
The development in the third quarter of the 2024 financial year showed sales of € 422.6 million (previous year: € 415.8 million), gross profit of € 174.0 million (previous year: € 161.7 million) and EBITDA of € 31.0 million (previous year: € 35.0 million).
In the fourth quarter, 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 political environment, to have an impact on the investment behaviour of these customer groups. In addition, the geopolitical and macroeconomic conditions remain tense. Based on an assessment carried out today of the expected business development in the remaining 2024 financial year, the Executive Board of CANCOM SE now assumes the following development for the 2024 financial year:
| CANCOM Group |
Updated forecast 2024 |
| Turnover |
1,650 to € 1,750 million
(previously € 1,750 to € 2,000 million) |
| Gross profit |
640 to € 710 million
(previously € 640 to € 740 million) |
| EBITDA |
112 to € 130 million
(previously € 130 to € 155 million) |
| EBITA |
57 to € 75 million
(previously € 75 to € 100 million) |
The full quarterly report of the CANCOM Group for the first nine months of 2024 will be published on 12 November 2024 on the website www.cancom.de in the Investors section.
Notifying company:
CANCOM SE, Erika-Mann-Straße 69, 80636 Munich, Germany
ISIN DE0005419105, Frankfurt Stock Exchange (SDAX, TecDAX, Prime Standard)
Contact / Notifying Person:
Lars Dannenberg
Investor Relations
+49 (0)89 54054 5371
lars.dannenberg@cancom.de
End of Inside Information
11-Nov-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
|
| 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: |
2027345 |
| |
| End of Announcement |
EQS News Service |
2027345 11-Nov-2024 CET/CEST
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