Cancom rises after 'bullish' outlook
29/03/2022 08:47
** Shares in Cancom COKG.DE are up 4.3% after the German
IT firm published an upbeat 2022 outlook alongside its confirmed
annual figures
** The company reaffirmed its previously published
preliminary annual figures, stating that it recorded a 31% EBIT
growth for 2021 as well as proposing a 1 euro per share dividend
urn:newsml:reuters.com:*:nASM0005FR
** Cancom said it expects revenue, gross profit, EBITDA and
EBITA to increase "very significantly" for 2022
** Jefferies said the new "bullish" outlook is a positive
surprise, expecting the numbers to rise more than 10% y/y
** "This compares to +9% VA consensus growth. The
increased macroeconomic uncertainty poses the main risk," the
broker adds
** Cancom tops of German mid-cap index .MDAXI
(Reporting by Alexander Kloss)
((alexander.kloss@thomsonreuters.com))