Brief: Cancom expects FY EBITDA Between EUR 131 Mln - EUR 141 Mln

Cancom SE

25/05/2023 11:16

May 25 (Reuters) - CANCOM SE  COKG.DE :
    * CONCLUSION OF THE CONTRIBUTION AND EXECUTION AGREEMENT FOR
THE
ACQUISITION OF KBC BETEILIGUNGS GMBH; UPDATE OF THE FORECAST FOR
THE FINANCIAL YEAR 2023 IN THE COURSE OF CONSOLIDATION
    * EXECUTIVE BOARD NOW ASSUMES THAT DATE OF INITIAL
CONSOLIDATION
OF KBC BETEILIGUNGS GMBH WILL BE 1 JUNE 2023.
    * OUTLOOK 2023: REVENUE EUR 1,630 - 1,700 MILLION
(PREVIOUSLY EUR
1,320 - 1,390 MILLION)
    * EXECUTIVE BOARD NOW ASSUMES THAT DATE OF INITIAL
CONSOLIDATION
OF KBC BETEILIGUNGS GMBH WILL BE 1 JUNE 2023
    * OUTLOOK 2023: GROSS PROFIT* EUR 580 - 610 MILLION
(PREVIOUSLY
EUR 460 TO 485 MILLION)
    * OUTLOOK 2023: EBITDA* EUR 131 - 141 MILLION (PREVIOUSLY
EUR 114
- 124 MILLION)
    * COMPLETED KEY STEP IN ACQUISITION OF KBC BETEILIGUNGS GMBH
(SEE
AD HOC ANNOUNCEMENT DATED 24 APRIL 2023 ON CONCLUSION OF
AGREEMENT ON ACQUISITION OF KBC BETEILIGUNGS GMBH).
    * OUTLOOK 2023: EBITA* EUR 80 - 90 MILLION (PREVIOUSLY EUR
70 - 80
MILLION)

Source text for Eikon:  ID:nEQ3sT1Hya 
Further company coverage:  COKG.DE 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))