CANCOM SE

COK

Equity

ISIN DE0005419105 / Valor 883557

Xetra (2024-09-17)

EUR 27.80+1.09%

CANCOM SE
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About company

CANCOM SE is a leading provider of IT solutions, offering tailor-made services to organizations seeking to navigate the digital landscape. With a workforce of over 5,600 employees and a presence in various countries, including the DACH region, Belgium, Slovakia, Romania, and the Czech Republic, CANCOM supports clients in their digital transformation journey. The company's comprehensive range of IT services aims to streamline operations and enhance efficiency for businesses looking to adapt to the evolving technological landscape.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

CANCOM SE reported significant revenue growth in the first half of 2023. The company achieved a notable increase in its revenue, reflecting its strong market position and successful business strategies during this period.

Gross Profit Increase

In the first half of 2023, CANCOM SE also saw a substantial rise in gross profit. This growth in profitability highlights the company's effective cost management and operational efficiency.

One-off Effects Impact

During the second quarter of 2023, CANCOM SE experienced one-off effects that burdened its EBITDA and EBITA. Despite these challenges, the company maintained positive revenue and gross profit development.

Full-Year Guidance Adjustment

Due to the one-off effects in the second quarter, the Executive Board of CANCOM SE decided to lower the full-year guidance for 2023. This adjustment reflects a more cautious outlook for the remainder of the year.

First Quarter Performance

In the first quarter of 2023, CANCOM SE reported growth in both revenue and gross profit. This positive performance set a strong foundation for the company's financial results for the rest of the year.

Summarized from source with an LLMView Source

Key figures

7.50%1Y

-47.6%3Y

-47.6%5Y

Performance

33.7%1Y

37.4%3Y

37.0%5Y

Volatility