12.11.2020 CANCOM SE  DE0005419105

DGAP-News: CANCOM SE: Significant revenue growth in the third quarter: EBITDA almost at last year's level


 

DGAP-News: CANCOM SE / Key word(s): 9 Month figures
CANCOM SE: Significant revenue growth in the third quarter: EBITDA almost at last year's level

12.11.2020 / 08:00
The issuer is solely responsible for the content of this announcement.


CANCOM: Significant revenue growth in the third quarter: EBITDA almost at last year's level

CANCOM increases Group revenue in the third quarter by 8.8 percent to EUR 395.0 million (previous year: EUR 363.0 million)

- Significant recovery of EBITDA after a second quarter marked by a lockdown; EBITDA at EUR 31.5 million (previous year: EUR 33.6 million)

- Annual Recurring Revenue (ARR) increases by 24.5 percent to EUR 194.0 million at the end of September
 

Munich, 12 November 2020 - In the third quarter of 2020, the CANCOM Group generated consolidated revenues of EUR 395.0 million. This represents an improvement of 8.8 percent over the previous year (previous year: EUR 363.0 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) were EUR 31.5 million in the third quarter, 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 56.7 percent (previous quarter: EUR 20.1 million). The EBITDA margin in the third quarter was therefore 8.0 percent. CANCOM showed a clear improvement over the second quarter of 2020, which was marked by the corona pandemic.

"We achieved a very solid result in the third quarter and improved significantly compared to the second quarter. In addition, we currently have a strong order intake for IT infrastructure and from the public sector, which are significantly above the levels of 2019. However, in the fourth quarter we expect to see further restrictions in the high-margin consulting and service business on site at our customers due to the pandemic," said Rudolf Hotter, CEO of CANCOM SE.

9-month figures 2020
The CANCOM Group finished the first nine months of 2020 with an increase in revenues of 8.4 percent. Group sales revenues rose from EUR 1,126.5 million to EUR 1,220.9 million. The revival of the service business and the continued robust demand for IT solutions for mobile working were the drivers of this positive sales development in the third quarter.

The CANCOM Group's EBITDA in the first nine months of 2020 was EUR 77.6 million (previous year: EUR 87.2 million). The EBITDA margin was thus 6.4 percent (previous year: 7.7 percent).
 

Cloud Solutions grows 24.6 percent, IT Solutions by 4.7 percent
In the Group segment Cloud Solutions, CANCOM achieved a significant increase in revenue of 24.6 percent to EUR 258.4 million in the first nine months of 2020 (previous year: EUR 207.4 million). EBITDA rose by 14.5 percent to EUR 58.1 million (previous year: EUR 50.7 million), which corresponds to an EBITDA margin of 22.5 percent (previous year: 24.4 percent). Annual Recurring Revenue (ARR) at September 30, 2020, was EUR 194.0 million, up 24.5 percent from EUR 155.8 million in the previous year.

The Group segment IT Solutions contributed to the revenue with sales of EUR 962.5 million in the first nine months of 2020 (previous year: EUR 919.1 million). This represents a growth rate of 4.7 percent. EBITDA amounted to EUR 36.2 million (previous year: EUR 47.6 million). The EBITDA margin was 3.8 percent (previous year: 5.2 percent).

Q3 figures 2020
The figures for the third quarter of 2020 in the Cloud Solutions segment are: revenue EUR 89.8 million (previous year: EUR 75.0 million), EBITDA EUR 21.4 million (previous year: EUR 18.9 million) and EBITDA margin 23.9 percent (previous year: 25.2 percent).
For the IT Solutions segment: revenue was at EUR 305.3 million (previous year: EUR 288.0 million), EBITDA EUR 14.1 million (previous year: EUR 17.2 million) and the EBITDA margin at 4.6 percent (previous year: 6.0 percent).
 

Forecast for the full year
With the availability of the preliminary figures and in view of the situation at the beginning of November, CANCOM updated its forecast for the full year on October 27, 2020. For the financial year 2020, CANCOM expects a significant increase in sales compared to 2019, and a moderate increase in gross profit. CANCOM expects a moderate decline in Group EBITDA. CANCOM expects a very significant year-on-year decline in Group EBITA.

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

The Management Board expects a significant increase in revenues for the Group segment IT Solutions. Gross profit is expected to increase moderately. CANCOM also anticipates a very significant decline in EBITDA and EBITA.
 

CANCOM Group's complete interim report has been published in the Investors section of the Company's website at www.cancom.de.


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About CANCOM
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).

 

Note
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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/




Contact
Florian Mangold
Specialist Investor Relations

Tel: +49 89 54054 5511
E-Mail: [email protected]


12.11.2020 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.

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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: [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: 1147535

 
End of News DGAP News Service

1147535  12.11.2020 

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 1.161,24 1.317,27 1.549,29 1.649,43 1.304,46 1.292,88 1.523,10
EBITDA1,2 84,48 103,84 119,25 123,05 121,48 104,86 116,30
EBITDA-Marge3 7,27 7,88 7,70 7,46 9,31 8,11
EBIT1,4 60,49 63,99 54,39 63,85 77,44 49,82 66,50
EBIT-Marge5 5,21 4,86 3,51 3,87 5,94 3,85 4,37
Jahresüberschuss1 40,02 42,07 36,63 61,84 272,99 30,75 45,00
Netto-Marge6 3,45 3,19 2,36 3,75 20,93 2,38 2,96
Cashflow1,7 124,95 81,93 129,81 68,24 72,31 -53,57 92,80
Ergebnis je Aktie8 1,16 1,20 1,04 1,60 7,08 0,86 1,07
Dividende8 0,50 0,50 0,50 0,75 1,00 1,00 0,25
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - 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

INVESTOR-INFORMATIONEN
©boersengefluester.de
Cancom
WKN Kurs in € Einschätzung Börsenwert in Mio. €
541910 26,520 Kaufen 972,93
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
16,07 24,29 0,66 16,73
KBV KCV KUV EV/EBITDA
1,37 10,48 0,64 5,53
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
1,00 1,00 3,77 05.06.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
14.05.2024 13.08.2024 12.11.2024 28.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-5,20% -0,30% -10,28% -16,29%
    
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IT-Infrastruktur , 541910 , COK , XETR:COK