Brief: Cancom expects FY EBITDA between EUR 166 to 126 Mln

Cancom SE

01/08/2023 15:04

Aug 1 (Reuters) - CANCOM SE  COKG.DE :
    * EQS-ADHOC: CANCOM SE: ONE-OFF EFFECTS BURDEN EBITDA AND
EBITA IN
THE SECOND QUARTER, REVENUE AND GROSS PROFIT DEVELOPMENT
POSITIVE; EXECUTIVE BOARD LOWERS 2023 FULL-YEAR GUIDANCE.
    * EXCLUDING CONTRIBUTION FROM ACQUISITIONS IN PAST 12
MONTHS,
CANCOM GROUP RECORDED REVENUE OF EUR 281.7 MILLION Q2 WITH
ORGANIC GROSS PROFIT GROWTH TO EUR 105.6 MILLION
    * TOTAL EBITDA WAS EUR 17.4 MILLION IN Q2 2023 COMPARED TO
EUR
24.7 MILLION IN Q2 2022
    * EBITA WAS EUR 5.4 MILLION IN Q2 2023 (PRIOR YEAR: EUR 14.4
MILLION)
    * H1 GROUP REVENUE: EUR 647.0 MILLION
    * ORGANIC REVENUE OF 281.7 MILLION EUR FOR Q2 VERSUS 298.9
MILLION
EUR Q2 2022
    * H1 GROUP GROSS PROFIT: EUR 245.7 MILLION
    * H1 GROUP EBITDA: EUR 41.6 MILLION
    * H1 GROUP EBITA: EUR 18.9 MILLION
    * OUTLOOK 2023: EXPECTS FY REVENUE BETWEEN EUR 1.52 TO 1.58
BILLION
    * OUTLOOK 2023: EXPECTS FY GROSS PROFIT BETWEEN EUR 560 TO
610
MILLION
    * OUTLOOK 2023: EXPECTS FY EBITDA BETWEEN EUR 116 TO 126
MILLION
    * OUTLOOK 2023: EXPECTS FY EBITA BETWEEN EUR 67 TO 75
MILLION

Source text for Eikon:  ID:nEQ1Bwt2pa 
Further company coverage:  COKG.DE 

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