24.03.2020 CANCOM SE  DE0005419105

DGAP-News: CANCOM: Publication of Annual Report 2019 and forecast for 2020 postponed to 28 April 2020. Changed IFRS revenue recognition leads to lower consolidated revenue but higher EBITDA margin (adjusted).


DGAP-News: CANCOM SE / Key word(s): Preliminary Results/Forecast
CANCOM: Publication of Annual Report 2019 and forecast for 2020 postponed to 28 April 2020. Changed IFRS revenue recognition leads to lower consolidated revenue but higher EBITDA margin (adjusted).

24.03.2020 / 07:30
The issuer is solely responsible for the content of this announcement.

CANCOM: Publication of Annual Report 2019 and forecast for 2020 postponed to 28 April 2020. Changed IFRS revenue recognition leads to lower consolidated revenue but higher EBITDA margin (adjusted).

- Corona virus measures and simultaneous increased time requirements due to the first-time audit of the annual financial statements by new auditors KPMG lead to a postponement of the publication date.

- Due to changed application of IFRS standard for revenue recognition (principal-versus-agent classification) final financial results for 2019 will show changes compared to preliminary figures.

Munich, Germany, 24 March 2020 - The Executive Board of CANCOM SE today decided to postpone publication of the annual financial statements and annual report for the CANCOM Group and CANCOM SE until 28 April 2020. The original date was 30 March 2020. The main reason for the delay in the preparation process was the difficult circumstances regarding availability and reconciliations during the preparation of the annual financial statements due to the spread of the corona virus. These circumstances came on top of the already increased time requirements in connection with the first-time audit of the annual financial statements by the auditors of the auditing company KPMG, who were newly elected at last year's Annual General Meeting.

The initial audit resulted in reclassifications in the revenue recognition in connection with the so-called principal-versus-agent classification. In this rule, IFRS uses different criteria to assess whether the selling company, i.e. CANCOM, may show revenue in the full amount of the actual invoice to the customer (principal), or whether the company is classified as an agent and may only show a reduced value as revenue (agent, so-called net presentation). While CANCOM has so far shown revenue as the principal in the amount actually invoiced, a change in the assessment of agent status has been made in the 2019 annual financial statements resulting in a reduced revenue figure.

As a result, the CANCOM Group's consolidated revenue for the 2019 financial year is expected to be EUR 1.55 billion (published preliminary figure: EUR 1.64 billion). The figure for the prior year 2018 will change as well to EUR 1.31 billion (previously: EUR 1.38 billion). The EBITDA (adjusted) as well as the EBITDA according to IFRS is expected to be reduced in an amount between two and three percent compared to the preliminary figures published before. On the other hand, the EBITDA margin (adjusted) of the CANCOM Group will probably increase slightly.
Other key financial figures such as cash flow, working capital or balance sheet ratios will not be significantly affected by the change in the revenue recognition.

The CANCOM Group's full annual report for 2019, including the forecast for 2020, will be published on 28 April 2020 on www.cancom.de in the Investors section.

As a Digital Transformation Partner, CANCOM accompanies companies into the digital future. CANCOM helps customers to reduce the complexity of their IT and to expand their business success through the use of state-of-the-art technology. To meet the IT needs of companies, organizations and the public sector in a holistic way, CANCOM offers tailor-made IT from A to Z from a single source.
The CANCOM Group's IT solutions portfolio includes consulting, implementation, services and the operation of IT systems. Customers benefit from CANCOM's extensive expertise and a holistic and innovative portfolio that covers the IT requirements of companies for successful digital transformation. As a hybrid IT integrator and service provider, the company provides a range of services and solutions that includes business solutions and managed services such as cloud computing, analytics, enterprise mobility, IT security, hosting and as-a-service offerings.
The more than 4,000 employees of the internationally active CANCOM Group worldwide and an efficient partner network ensure market presence and customer proximity in Germany, Austria, Switzerland, Belgium, Great Britain and the USA, among other countries. The CANCOM Group is managed by Rudolf Hotter (CEO) and Thomas Stark (CFO). The headquarters of the company is in Munich. CANCOM generates annual sales of around 1.6 billion euros and the Group's parent company CANCOM SE is listed on the Frankfurt Stock Exchange in the MDAX and TecDAX (ISIN DE0005419105).

Sebastian Bucher
Manager Investor Relations
+49 89 54054 5193
[email protected]

If you do not wish to receive information from us by e-mail, please write to [email protected]

Data protection notice
You are receiving this message because you have been added to the CANCOM investor information mailing list. You have been included because in the past you have expressed a desire to be informed about company news. CANCOM stores and processes personal data about you, such as your name and e-mail address, in order to be able to offer you this service. CANCOM stores and uses this data exclusively to keep abreast of developments in investor communication and to be able to contact investors as part of investor relations activities.

General information on the use of data by CANCOM
CANCOM will not pass on personal data collected as part of its investor relations activities to third parties without the express consent of the person concerned. The only exception to this rule is that CANCOM is required by competent authorities such as the German Federal Financial Supervisory Authority to provide data.
Even after you have consented to receive investor information from us, thereby enabling CANCOM to store and use your personal data, you have the right to withdraw this consent at any time. All you have to do is send an informal message by e-mail to [email protected] or to [email protected]
For further information about CANCOM's privacy policy, the contact person or your individual rights as a data subject, please visit our website https://www.cancom.de/datenschutz-cancom/.

24.03.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: CANCOM SE
Erika-Mann-Straße 69
80636 Munich
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: 1004969

End of News DGAP News Service

1004969  24.03.2020 


Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 932,80 1.023,11 1.161,24 1.317,27 1.549,29 1.649,43 0,00
EBITDA1,2 63,10 72,87 84,48 103,84 119,25 123,05 0,00
EBITDA-Marge3 6,76 7,12 7,27 7,88 7,70 7,46 0,00
EBIT1,4 41,06 51,27 60,49 63,99 54,39 63,85 0,00
EBIT-Marge5 4,40 5,01 5,21 4,86 3,51 3,87 0,00
Jahresüberschuss1 22,10 33,65 40,02 42,07 36,63 61,84 0,00
Netto-Marge6 2,37 3,29 3,45 3,19 2,36 3,75 0,00
Cashflow1,7 13,58 48,17 124,95 81,93 129,81 68,24 0,00
Ergebnis je Aktie8 0,99 1,05 1,16 1,20 1,04 1,60 1,64
Dividende8 0,25 0,25 0,50 0,50 0,50 0,75 0,75
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: KPMG

WKN Kurs in € Einschätzung Börsenwert in Mio. €
541910 60,060 Halten 2.315,19
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
35,33 26,05 1,38 56,98
2,82 33,93 1,40 15,17
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
0,75 0,75 1,25 29.06.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
12.05.2021 12.08.2021 11.11.2021 30.03.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
6,41% 13,36% 32,41% 32,76%
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu CANCOM SE  ISIN: DE0005419105 können Sie bei DGAP abrufen

IT-Infrastruktur , 541910 , COK , XETR:COK