Cancom rises as sequential profitability improvement points to recovery

Cancom SE

13/11/2025 09:32

** Shares in German IT services provider Cancom COKG.DE rise about 4% boosted by sequential profitability improvement in Q3

** Cancom's Q3 EBITDA rises to 27 million euros ($31.49 million) from 16 million euros in Q2, driven primarily by personnel cost savings and restructuring

** Jefferies points to sequential improvement in profitability, revenue in Germany and internationally also on the rise

** The broker expects major step-up in Q4 on signs of sustainable recovery; company reaffirms July guidance

** Thursday's rise improves the stock's YTD gains to about 7.8%

($1 = 0.8575 euros)

(Reporting by Cian Muenster)

((Cian.muenster@thomsonreuters.com))