CANCOM SE / DE0005419105
11.11.2024 - 18:36:56CANCOM SE: CANCOM lowers forecast for the 2024 financial year due to increased uncertainties
| EQS-Ad-hoc: CANCOM SE / Key word(s): Forecast 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. 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 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 |
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2027345 11-Nov-2024 CET/CEST
