13.08.2020 CANCOM SE  DE0005419105

DGAP-News: CANCOM: 8.2 percent revenue growth in the first half year, but second quarter burdened as announced


DGAP-News: CANCOM SE / Key word(s): Half Year Results/Quarter Results
CANCOM: 8.2 percent revenue growth in the first half year, but second quarter burdened as announced

13.08.2020 / 08:00
The issuer is solely responsible for the content of this announcement.

CANCOM: 8.2 percent revenue growth in the first half year, but second quarter burdened as announced

- CANCOM grows by 8.2 percent in the first half of 2020, despite difficult conditions. In the second quarter, however, Group revenue is 8.6 percent below prior year's figure.

- Profitability burdened by growth effects and one-off special items. EBITDA margin in the first half year at 5.6 percent.

- Annual Recurring Revenue (ARR) grows by 31.6 percent compared to the prior year to EUR 191.4 million.

- Executive Board sees a good chance of achieving the revenue and EBITDA forecasts.

Munich, Germany, 13 August 2020 - In a difficult environment marked by the corona pandemic, the CANCOM Group was able to increase Group revenue in the first half of 2020 by 8.2 percent to EUR 825.9 million (prior year: EUR 763.5 million). Without acquisition effects, i.e. organically, revenue growth was 3.8 percent.
However, profitability was negatively impacted by staffing levels geared to higher business volumes, costs for external services and around EUR 5 million for one-off special items. Consequently, EBITDA in the first half of 2020 was 14.0 percent below the prior year's figure at EUR 46.1 million (prior year: EUR 53.6 million). The EBITDA margin fell accordingly to 5.6 percent (prior year: 7.0 percent).
Recurring revenues, measured in terms of Annual Recurring Revenue, developed well, reaching EUR 191.4 million in June 2020 (prior year: EUR 145.4 million). At 31.6 percent, the growth rate thus remained at the high level targeted.

"We are very satisfied with revenue growth of 8.2 percent in this economic environment, especially in comparison with the high figures of the prior year. I would like to thank our customers, of course, but above all our employees for making this possible in these times. Even during the peak phase of the corona measures, we were fully operational and, thanks to our AHP platform, at times had a homework rate of over 90 percent," said Rudolf Hotter, CEO of CANCOM SE.

The group segment Cloud Solutions contributed EUR 168.6 million to group revenue in the first half of 2020 with revenue growth of 27.4 percent (prior year: EUR 132.4 million). EBITDA rose by 15.1 percent to EUR 36.6 million (prior year: EUR 31.8 million).
In the Group segment IT Solutions, CANCOM achieved revenue growth of 4.1 percent to EUR 657.2 million in the first half of the year (prior year: EUR 631.1 million). EBITDA, on the other hand, fell by 27.2 percent year-on-year to EUR 22.1 million (prior year: EUR 30.4 million).

"We are convinced of the good future prospects for both IT Solutions and Cloud Solutions and, as a consequence, geared our structures to higher business volumes, especially in IT services. However, the corona protection measures mean that on-premise services in particular could often not be provided or could only be provided with delays. We therefore also expect to see catch-up effects in the second half of the year," explained Hotter.

Second quarter brings decline in revenue and earnings as announced

In the second quarter of 2020 CANCOM achieved consolidated revenue of EUR 372.0 million (prior year: EUR 406.9 million). Compared with the particularly strong figure for the prior year, this represented a decline of 8.6 percent. EBITDA in the second quarter was EUR 20.1 million, 29.5 percent lower (prior year: EUR 28.5 million). The EBITDA margin accordingly amounted to 5.4 percent (prior year: 7.0 percent).

The group segment Cloud Solutions achieved revenue growth of 20.1 percent year-on-year to EUR 81.1 million in the second quarter of 2020 (prior year: EUR 67.6 million). EBITDA rose to EUR 17.8 million and thus by 11.2 percent (prior year: EUR 16.0 million).
In the IT Solutions segment, the second quarter brought a 14.3 percent decline in revenue to EUR 290.9 million (prior year: EUR 339.3 million). The EBITDA of EUR 8.0 million was 51.7 percent below the prior year's figure (prior year: EUR 16.6 million).

Forecast unchanged

Uncertainty about future economic development remains high. The Executive Board of CANCOM SE considers a normalization of economic activity to be a basic prerequisite for achieving the annual forecast. However, in view of expected catch-up effects and the current order situation, the Executive Board still sees good chances of meeting the existing forecast for the CANCOM Group's economic development in 2020.

The complete half-year report of the CANCOM Group is published on the website www.cancom.de in the Investors section.

As a Digital Transformation Partner, CANCOM accompanies organizations into the digital future. CANCOM supports customers to simplify complex enterprise IT and increase their business success through the implementation of modern technology. In order to comprehensively meet the IT needs of companies, organizations, and the public sector, CANCOM delivers tailor-made IT end to end from a single source.

The CANCOM Group's range of IT solutions includes consulting, implementation, services, and the management of IT systems. Customers benefit from the extensive expertise as well as a holistic and innovative portfolio that covers the IT requirements that are necessary for a successful digital transformation. As a hybrid IT integrator and service provider, the Company provides an integrated range of services and solutions including business solutions and managed services, such as cloud computing, analytics, enterprise mobility, IT security, hosting, and as-a-service offerings.

With more than 4,000 employees worldwide, the internationally active CANCOM Group and its efficient partner network ensure market presence and customer proximity in Germany, Austria, Switzerland, Belgium, Great Britain, and the USA. The CANCOM Group is led by Rudolf Hotter (CEO) and Thomas Stark (CFO). The company is headquartered in Munich. CANCOM has an annual revenue of around EUR 1.5 billion and its parent company, CANCOM SE, is listed in the MDAX and TecDAX of the Frankfurt Stock Exchange (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 mailing list for investor information. 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 you informed about 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 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 still 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 more 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/

13.08.2020 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: 1117041

End of News DGAP News Service

1117041  13.08.2020 


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 55,500 Halten 2.139,41
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
32,65 25,74 1,25 52,66
3,65 31,35 1,30 15,53
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
0,50 0,75 1,35 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
3,91% 8,14% 22,35% 26,31%
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu CANCOM SE  ISIN: DE0005419105 können Sie bei DGAP abrufen

IT-Infrastruktur , 541910 , COK , XETR:COK