27.10.2020 CANCOM SE  DE0005419105

DGAP-Adhoc: CANCOM SE: preliminary figures for the 3rd quarter; forecast update


DGAP-Ad-hoc: CANCOM SE / Key word(s): 9 Month figures/Change in Forecast
CANCOM SE: preliminary figures for the 3rd quarter; forecast update

27-Oct-2020 / 19:32 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

- CANCOM increases Group sales in Q3 by 8.3% year-on-year to EUR 393.2 million

- Significant recovery of EBITDA after a second quarter marked by a lockdown; EBITDA at EUR 31.7 million

- Update of the sales and earnings forecast for the entire year 2020

Munich, October 27, 2020 - According to the preliminary figures available today, the CANCOM Group achieved consolidated sales of EUR 393.2 million in the third quarter of 2020. This represents an improvement of 8.3 percent compared to the previous year (previous year: EUR 363.0 million). Preliminary earnings before interest, taxes, depreciation and amortization (EBITDA) for the 3rd quarter were EUR 31.7 million, compared with EUR 33.6 million in the previous year. The previous year's EBITDA includes a positive one-off effect of EUR 1.6 million from the sale of a property.

Compared to the previous quarter, EBITDA rose by 58.2 percent (previous quarter: EUR 20.1 million). CANCOM thus showed a significant improvement in the 3rd quarter compared with the 2nd quarter of 2020, which was marked by the corona pandemic.

Nine-month period 2020 with higher sales but lower profitability

For the nine-month period of 2020, CANCOM reports a significant year-on-year growth in sales of 8.2 percent to EUR 1,219.2 million (previous year: EUR 1,126.5 million). Preliminary EBITDA for the nine-month period is EUR 77.8 million (previous year: EUR 87.2 million). The result for the first nine months of 2020 is burdened by special effects of around EUR 5 million. In addition, on-site services could often not be provided or could only be provided with delays due to corona protection measures.

CANCOM achieved the sales increases in particular with home office and remote desktop solutions in the IT Solutions segment, which has lower profitability margins than the Cloud Solutions segment.

Update of the forecast 2020

In view of increasing corona case numbers and emerging service limitations at customers, the fourth quarter 2020 results are expected to be affected. CANCOM sees a high demand for solutions for mobile working. On the other hand, however, considerable effects are expected in the area of services. Taking into account the development of business in the first nine months of 2020 and based on today's assessment of the impact of the Covid 19 pandemic on business in the fourth quarter of 2020, CANCOM is updating its forecast for the current financial year.

CANCOM expects a significant increase in sales for the financial year 2020 compared to 2019. Previously, CANCOM had only forecast a moderate increase in sales. CANCOM continues to expect a moderate increase in the Group's gross profit. CANCOM expects Group EBITDA to be in the range of EUR 110 to 115 million, compared with the previous year's figure of EUR 119.2 million. CANCOM expects a very significant year-on-year decline in Group EBITA. Until now, CANCOM has assumed a moderate increase compared to the previous year.

For the Group segment Cloud Solutions, the Management Board continues to expect a significant increase in sales, gross profit, EBITDA and EBITA. With regard to Annual Recurring Revenues (ARR), the Management Board also continues to expect a significant increase compared with the figure for December 2019.

For the Group segment IT Solutions, the Executive Board now expects a significant increase in sales; previously CANCOM had only anticipated a moderate increase. Gross profit is expected to continue to grow moderately. CANCOM also anticipates a very significant decline in EBITDA and EBITA compared with the moderate increase previously forecast.

CANCOM will publish the final results for the 3rd quarter 2020 on November 12, 2020.

With regard to the definition of the alternative performance indicators EBITDA, EBITA and Annual Recurring Revenue (ARR), CANCOM refers to the corresponding definitions on page 22 of the Annual Report 2019, which is published on the Company's website.

Communicating company:
CANCOM SE, Erika-Mann-Strasse 69, 80636 Munich
ISIN DE0005419105, Frankfurt Stock Exchange (MDAX, TecDAX, Prime Standard)

Contact / Notifying person:
Florian Mangold, Specialist Investor Relations
+49 (0) 89 540545511
[email protected]


Information and Explanation of the Issuer to this News:

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 by using state-of-the-art technology. In order to meet the IT requirements of companies, organizations and the public sector holistically, CANCOM offers tailor-made IT from A to Z from a single source.
The CANCOM Group's IT solutions offer includes consulting, implementation, services and the operation of IT systems. Customers benefit from CANCOM's extensive expertise and an integrated 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 company's headquarters are in Munich. CANCOM generates an annual turnover of approximately 1.5 billion euros and the parent company CANCOM SE is listed on the Frankfurt Stock Exchange in the MDAX and TecDAX (ISIN DE0005419105).

27-Oct-2020 CET/CEST 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: 1143445

End of Announcement DGAP News Service

1143445  27-Oct-2020 CET/CEST


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 56,000 Halten 2.158,69
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
32,94 25,77 1,29 53,13
3,69 31,63 1,31 15,69
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
0,50 0,75 1,34 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
4,28% 8,72% 23,46% 40,85%
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IT-Infrastruktur , 541910 , COK , XETR:COK