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Cancom SE (COKG.DE)

COKG.DE on Xetra

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Latest Key Developments (Source: Significant Developments)

Cancom Q1 EBITDA Up 3.5% To EUR 26 Mln
Thursday, 18 Jun 2020 

June 18 (Reuters) - CANCOM SE ::CANCOM: STRONG REVENUE INCREASE IN THE FIRST QUARTER BUT LOWER MARGINS.Q1 EBITDA ROSE 3.5 PERCENT TO 26 MILLION EUR.Q1 REVENUE 453.8 MILLION EUR VERSUS 356.6 MILLION EUR YEAR AGO.ANNUAL FORECAST FOR FISCAL YEAR 2020 CONFIRMED..GROUP REVENUE IN Q1 OF 2020 INCREASED BY 27.3 PERCENT TO EUR 453.8 MILLION COMPARED TO PRIOR YEAR..EBITDA OF EUR 26.0 MILLION IN Q1, 3.5 PERCENT ABOVE PRIOR YEAR'S FIGURE.OUTLOOK 2020: GROUP GROSS PROFIT, GROUP EBITDA AND GROUP EBITA ARE ALSO EXPECTED TO INCREASE MODERATELY COMPARED TO PRIOR YEAR.IN ADDITION, A SIGNIFICANT INCREASE IN ANNUAL RECURRING REVENUE (ARR) IS EXPECTED COMPARED TO FIGURE FOR DECEMBER 2019..  Full Article

Cancom Expects Moderate Increase In 2020 Revenue
Tuesday, 28 Apr 2020 

April 28 (Reuters) - Cancom SE ::DGAP-NEWS: CANCOM: VERY HIGH GROWTH RATES IN THE CLOUD SEGMENT AND RECURRING REVENUES IN THE FINANCIAL YEAR 2019; MODERATE GROWTH OF GROUP EXPECTED FOR 2020..FY ADJUSTED EBITDA ROSE 14.7 PERCENT TO 130.5 MILLION EUR.FY REVENUE ROSE 17.6 PERCENT TO 1.549 BILLION EUR.DIVIDEND 0.50 EURPER SHARE.GROUP REVENUE INCREASES BY 17.6 PERCENT TO EUR 1,549.3 MILLION AND EBITDA (ADJUSTED) BY 14.7 PERCENT TO EUR 130.5 MILLION IN 2019 FINANCIAL YEAR.CLOUD SOLUTIONS SEGMENT ACHIEVES REVENUE GROWTH OF 27.6 PERCENT, OF WHICH 20.0 PERCENT IS ORGANIC. REVENUE GROWTH OF 15.4 PERCENT IN IT SOLUTIONS SEGMENT, 10.5 PERCENT OF WHICH IS ORGANIC.RECURRING REVENUES (ANNUAL RECURRING REVENUE) AS AT 31 DECEMBER 2019 AT EUR 183.9 MILLION, 41.3 PERCENT ABOVE PREVIOUS YEAR'S FIGURE.EXECUTIVE BOARD PROPOSES AN UNCHANGED DIVIDEND OF EUR 0.50 AND FORECASTS MODERATE GROWTH IN SALES AND EARNINGS FOR CANCOM GROUP IN 2020.EBITDA MARGIN (ADJUSTED) WAS THEREFORE 8.4 PERCENT (MODIFIED PREVIOUS YEAR: 8.6 PERCENT).FORECASTS A MODERATE INCREASE IN REVENUE FOR CANCOM GROUP IN 2020 FINANCIAL YEAR.GROUP GROSS PROFIT, GROUP EBITDA AND GROUP EBITA ARE ALSO EXPECTED TO INCREASE MODERATELY COMPARED TO PREVIOUS YEAR.  Full Article

Cancom Says Changed IFRS Revenue Recognition Leads To Lower Consolidated Revenue
Tuesday, 24 Mar 2020 

March 24 (Reuters) - Cancom SE ::DGAP-NEWS: CANCOM: PUBLICATION OF ANNUAL REPORT 2019 AND FORECAST FOR 2020 POSTPONED TO 28 APRIL 2020. CHANGED IFRS REVENUE RECOGNITION LEADS TO LOWER CONSOLIDATED REVENUE BUT HIGHER EBITDA MARGIN (ADJUSTED)..CORONA VIRUS MEASURES AND SIMULTANEOUS INCREASED TIME REQUIREMENTS DUE TO FIRST-TIME AUDIT OF ANNUAL FINANCIAL STATEMENTS BY NEW AUDITORS KPMG LEAD TO A POSTPONEMENT OF PUBLICATION DAT.DUE TO CHANGED APPLICATION OF IFRS STANDARD FOR REVENUE RECOGNITION (PRINCIPAL-VERSUS-AGENT CLASSIFICATION) FINAL FINANCIAL RESULTS FOR 2019 WILL SHOW CHANGES COMPARED TO PRELIMINARY FIGURES.DECIDED TO POSTPONE PUBLICATION OF ANNUAL FINANCIAL STATEMENTS AND ANNUAL REPORT FOR CANCOM GROUP AND CANCOM SE UNTIL 28 APRIL 2020.AS A RESULT, CANCOM GROUP'S CONSOLIDATED REVENUE FOR 2019 FINANCIAL YEAR IS EXPECTED TO BE EUR 1.55 BILLION (PUBLISHED PRELIMINARY FIGURE: EUR 1.64 BILLION).EBITDA (ADJUSTED) AS WELL AS EBITDA ACCORDING TO IFRS IS EXPECTED TO BE REDUCED IN AN AMOUNT BETWEEN TWO AND THREE PERCENT COMPARED TO PRELIMINARY FIGURES PUBLISHED BEFORE.EBITDA MARGIN (ADJUSTED) OF CANCOM GROUP WILL PROBABLY INCREASE SLIGHTLY.  Full Article

Cancom FY Adj. EBITDA Up At EUR 134 Mln
Thursday, 6 Feb 2020 

Feb 6 (Reuters) - CANCOM SE ::PRELIMINARY RESULTS FOR 2019 CONFIRM RAISED ANNUAL FORECAST.FY ADJUSTED EBITDA ROSE 16.7 PERCENT TO 134 MILLION EUR.GROUP CLOSES FISCAL YEAR 2019 WITH PRELIMINARY CONSOLIDATED REVENUE OF EUR 1.64 BILLION. THIS CORRESPONDS TO A REVENUE GROWTH OF 18.9 PERCENT.Q4 REVENUES OF EUR 463.6 MILLION (PRIOR YEAR: EUR 415.2 MILLION).Q4 EBITDA (ADJUSTED) OF EUR 40.2 MILLION (PRIOR YEAR: EUR 36.6 MILLION).GROUP'S EBITDA MARGIN (ADJUSTED) FOR 2019 FISCAL YEAR WAS 8.2 PERCENT (PRIOR YEAR: 8.3 PERCENT).  Full Article

Cancom SE CEO steps down prematurely
Wednesday, 8 Jan 2020 

Jan 8 (Reuters) - Cancom SE ::DGAP-ADHOC: CANCOM: CEO LEAVES CANCOM PREMATURELY AS OF 31 JANUARY 2020.CANCOM: CEO LEAVES CANCOM PREMATURELY AS OF 31 JANUARY 2020.MR. THOMAS VOLK HAS TODAY REACHED AN AGREEMENT WITH SUPERVISORY BOARD TO LEAVE CANCOM GROUP PREMATURELY AS OF 31 JANUARY 2020 DUE TO DIFFERING OPINIONS ON FUTURE STRATEGIC DEVELOPMENT OF COMPANY..SUPERVISORY BOARD HAS APPOINTED RUDOLF HOTTER, A LONG-STANDING MEMBER OF EXECUTIVE BOARD, AS NEW CEO WITH EFFECT AS OF 1 FEBRUARY 2020..SUPERVISORY BOARD HAS DECIDED TO ALLOCATE TASKS ASSIGNED TO MR. VOLK TO TWO MEMBERS OF EXECUTIVE BOARD RUDOLF HOTTER AND THOMAS STARK FOR TIME BEING..  Full Article

Cancom SE Says Capital Increase Fully Placed At EUR 49.70 Per New Share
Wednesday, 4 Dec 2019 

Dec 3 (Reuters) - Cancom SE ::DGAP-ADHOC: CANCOM: CANCOM SE CAPITAL INCREASE FULLY PLACED AT EUR 49.70 PER NEW SHARE.ANNOUNCES THAT CAPITAL INCREASE OF APPROXIMATELY 10 PERCENT OF SHARE CAPITAL ANNOUNCED TODAY HAS BEEN FULLY PLACED.CANCOM - TRANSACTION WILL GENERATE GROSS ISSUE PROCEEDS OF AROUND EUR 174.2 MILLION.EXECUTIVE BOARD HAD DECIDED TO INCREASE CANCOM SE'S SHARE CAPITAL BY UP TO EUR 3.5 MILLION.  Full Article

Cancom Resolves Capital Increase
Tuesday, 3 Dec 2019 

Dec 3 (Reuters) - CANCOM SE ::RESOLVES CAPITAL INCREASE FROM AUTHORIZED CAPITAL AMOUNTING TO APPROX. 10%.SHARE CAPITAL OF CANCOM SE IS TO BE INCREASED BY UP TO EUR 3,504,363.00.INCREASE WILL BE EFFECTED AGAINST CASH CONTRIBUTIONS BY ISSUING UP TO 3,504,363 NEW BEARER SHARES ( "NEW SHARES").SHARE CAPITAL WILL INCREASE FROM EUR 35,043,638.00 TO UP TO EUR 38,548,001.00 WHEN ALL NEW SHARES ARE ISSUED.NET PROCEEDS FROM CAPITAL INCREASE ARE TO BE USED TO STRENGTHEN CANCOM GROUP'S EQUITY BASE AND FOR FURTHER CORPORATE ACQUISITIONS.HAUCK & AUFHÄUSER WILL ACT AS SOLE GLOBAL BOOKRUNNER DURING PLACEMENT.NUMBER OF SHARES TO BE ISSUED AND PLACEMENT PRICE WILL BE DETERMINED AFTER COMPLETION OF ACCELERATED BOOKBUILDING PROCESS AND ARE EXPECTED TO BE ANNOUNCED ON 4 DECEMBER 2019.  Full Article

Cancom SE Says Q3 Adjusted EBITDA At 34.8 Million Euros
Thursday, 14 Nov 2019 

Nov 14 (Reuters) - Cancom SE ::DGAP-NEWS: CANCOM: STRONG PROFITABILITY IMPROVEMENT RAISES EBITDA MARGIN (ADJUSTED) TO RECORD LEVEL OF 9.1 PERCENT IN THIRD QUARTER.Q3 ADJUSTED EBITDA 34.8 MILLION EUR.Q3 REVENUE 383.7 MILLION EUR.Q3 GROUP REVENUE ROSE TO EUR 383.7 MILLION AND EBITDA (ADJUSTED) TO EUR 34.8 MILLION.ANNUAL RECURRING REVENUE CONTINUES GROWTH TREND AND REACHES EUR 156.6 MILLION.Q3 EBITDA (ADJUSTED)* IMPROVED BY 18.0 PERCENT TO EUR 34.8 MILLION (PRIOR YEAR: EUR 29.5 MILLION).EBITDA MARGIN (ADJUSTED) IN Q3 WAS THUS AT NEW RECORD LEVEL OF 9.1 PERCENT FOR CANCOM.  Full Article

Cancom Raises 2019 Forecast After Strong Q2
Wednesday, 14 Aug 2019 

Aug 14 (Reuters) - Cancom SE ::DGAP-NEWS: CANCOM: CANCOM RAISES FORECAST FOLLOWING OUTSTANDINGLY POSITIVE BUSINESS DEVELOPMENT IN THE SECOND QUARTER.HALF-YEAR REPORT 2019 CONFIRMS ALREADY PUBLISHED STRONG PRELIMINARY FIGURES FOR Q2 AND FIRST HALF OF 2019..FIRST-HALF SALES GROWTH OF 30.1 PERCENT AND AN INCREASE IN EBITDA (ADJUSTED) OF 21.4 PERCENT COMPARED WITH PREVIOUS YEAR'S FIGURES.ANNUAL RECURRING REVENUE CONTINUES TO SHOW A HIGH GROWTH RATE WITH AN INCREASE OF AROUND 38 PERCENT COMPARED TO PREVIOUS YEAR.EXECUTIVE BOARD RAISES OUTLOOK AND NOW EXPECTS VERY SIGNIFICANT GROWTH OF ALL FORECAST FIGURES FOR FISCAL YEAR 2019.MANAGEMENT BOARD NOW EXPECTS A VERY SIGNIFICANT INCREASE IN GROUP SALES FOR 2019 FINANCIAL YEAR (PREVIOUSLY: "SIGNIFICANT INCREASE").GROUP GROSS PROFIT, GROUP EBITDA AND GROUP EBITA ARE NOW ALSO EXPECTED TO INCREASE VERY SIGNIFICANTLY COMPARED TO PREVIOUS YEAR (PREVIOUSLY: "SIGNIFICANT INCREASE").FOR GROUP SEGMENT IT SOLUTIONS, EXECUTIVE BOARD NOW EXPECTS A VERY SIGNIFICANT INCREASE IN REVENUE, GROSS PROFIT AS WELL AS EBITDA AND EBITA (PREVIOUSLY: "SIGNIFICANT INCREASE").FOR CLOUD SOLUTIONS GROUP SEGMENT, EXECUTIVE BOARD NOW ALSO EXPECTS A VERY SIGNIFICANT INCREASE IN REVENUE, GROSS PROFIT, EBITDA AND EBITA (PREVIOUSLY: "SIGNIFICANT INCREASE").A VERY SIGNIFICANT INCREASE IN ANNUAL RECURRING REVENUE (ARR) COMPARED TO DECEMBER 2018 IS STILL EXPECTED.  Full Article

Cancom Core Profit Up 19%, Co. Confirms Outlook
Wednesday, 15 May 2019 

May 15 (Reuters) - Cancom SE ::DGAP-NEWS: CANCOM CONTINUES TO ACHIEVE HIGH GROWTH RATES IN REVENUE, EARNINGS AND ANNUAL RECURRING REVENUE IN THE FIRST QUARTER OF 2019.Q1 ADJUSTED EBITDA 27.8 MILLION EUR.Q1 SALES ROSE 20.2 PERCENT TO 370 MILLION EUR.GROUP SALES UP 20.2 PERCENT YEAR-ON-YEAR TO EUR 370.0 MILLION IN Q1 OF 2019.AT EUR 27.8 MILLION, EBITDA (ADJUSTED) WAS 18.8 PERCENT HIGHER THAN IN PRIOR YEAR.OUTLOOK FOR 2019 CONFIRMED.  Full Article