Cancom tracks worst day since 2022 as guidance disappoints

Cancom SE

31/03/2025 08:35

** Shares of German IT infrastructure and services provider Cancom COKG.DE fall 12% after it provided a 2025 forecasts slightly below market expectations

** "The FY25 guidance is not well received," Stifel analyst Yannik Siering says

** Cancom expects 2025 revenue of 1.7 billion to 1.85 billion euros ($1.84 billion to $2.01 billion), EBITDA of 115-130 million euros and EBITA of 61-76 million euros

** "Consensus expects 1,784 million euros sales and 128 million euros EBITDA, so the guidance falls slightly short," Siering adds

** Cancom's stock is on track for its worst day since May 2022 if the losses hold

($1 = 0.9227 euros)

 (Reporting by Tristan Veyet)

 ((Tristan.chabba@thomsonreuters.com))