Brief: Cancom FY Revenue Up At EUR 1.3 Bln

Cancom SE

08/02/2023 11:41

Feb 8 (Reuters) - Cancom Se  COKG.DE :
    * REVENUE, ARR AND GROSS PROFIT REACH TARGET CORRIDORS FOR
2022.
EBITDA AND EBITA LOWER THAN FORECAST DUE TO ONE-OFF SPECIAL
EFFECTS.
    * ACCORDING TO PRELIMINARY FIGURES, CANCOM GROUP HAS
GENERATED
GROUP REVENUE OF AROUND EUR 1,295 MILLION IN FINANCIAL YEAR 2022
AND WILL THUS ALSO ACHIEVE FORECAST OF 31 OCTOBER 2022 FOR FINAL
BUSINESS RESULTS (FORECAST: EUR 1,280 TO 1,330 MILLION)
    * PRELIMINARY VOLUME OF RECURRING REVENUE (ANNUAL RECURRING
REVENUE) IS AROUND EUR 225 MILLION
    * CASH FLOW FROM OPERATING ACTIVITIES IN Q4 OF 2022 IS
EXPECTED TO
BE AROUND EUR 115 MILLION, RESULTING IN A TOTAL OPERATING CASH
FLOW OF AROUND EUR -51 MILLION FOR CANCOM GROUP FOR FULL YEAR
2022.
    * BY CONTRAST, CANCOM GROUP'S PRELIMINARY CONSOLIDATED
EBITDA FOR
FINANCIAL YEAR 2022 IS AROUND EUR 106 MILLION
    * CASH FLOW FROM OPERATING ACTIVITIES IN Q4 OF 2022 IS
EXPECTED TO
BE AROUND EUR 115 MILLION
    * CASH FLOW FROM OPERATING ACTIVITIES IN Q4 OF 2022 IS
EXPECTED TO
BE AROUND EUR 115 MILLION
    * FY PRELIMINARY GROUP EBITA OF AROUND EUR 55 MILLION
(FORECAST:
EUR 70 TO 76 MILLION)
    * PRELIMINARY RESULTS FOR TWO OPERATING SEGMENTS CLOUD
SOLUTIONS
AND IT SOLUTIONS ARE NOT YET AVAILABLE AT CURRENT TIME
    * IN 2023 TO DRAW UP MEASURES TO INCREASE PROFITABILITY IN
ORDER
TO ALIGN INTERNAL COMPANY PROCESSES MORE CLOSELY WITH UNCHANGED
EXISTING STRATEGIC GOAL AND THEREBY ALSO REDUCE EXISTING COST
BASE

Source text for Eikon:  ID:nEQc5l6T4a 
Further company coverage:  COKG.DE 
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