Germany's CANCOM Q1 EBITDA jumps

Cancom SE

13/05/2026 07:13

Overview

Germany digital solutions provider's Q1 revenue was nearly flat yr/yr at €407 mln

Q1 EBITDA rose 28% to €27 mln, driven by higher gross profit and cost discipline

Company completed capital reduction by cancelling treasury shares

Outlook

CANCOM confirms 2026 revenue guidance of €1,750 mln to €1,850 mln

Company expects 2026 EBITDA between €110 mln and €130 mln

CANCOM sees 2026 EBITA in the range of €55 mln to €75 mln

Result Drivers

HIGHER GROSS PROFIT - Co said improved gross profit, supported by strong software demand and positive margin trend, drove profitability

COST DISCIPLINE - Co cited disciplined cost control and ongoing effects of 2025 restructuring as supporting stable expenses

ORDER BOOK STRENGTH - Co said a strong order book and stable demand underpinned performance despite challenging market conditions

Company press release: ID:nEQ3cG2bfa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EBIT
Miss
EUR 11.20 mln
EUR 13.60 mln (1 Analyst)
Q1 EBITDA
Miss
EUR 27 mln
EUR 27.80 mln (1 Analyst)
Q1 EBITA
EUR 13.20 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for Cancom SE is €29.00, about 13.3% above its May 12 closing price of €25.60

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 22 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)