EQS-Adhoc: CANCOM SE: CANCOM lowers forecast for the 2024 financial year due to increased uncertainties

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:

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