DGAP-Adhoc
CANCOM SE: CANCOM achieves EBITDA growth of around 30 percent in the third quarter and raises full-year forecast for 2021
DGAP-Ad-hoc: CANCOM SE / Key word(s): Change in Forecast/9 Month figures CANCOM SE: CANCOM achieves EBITDA growth of around 30 percent in the third quarter and raises full-year forecast for 2021 |
Munich, Germany, 27 October 2021 - Based on preliminary figures for the first nine months and the third quarter of 2021, the Executive Board of CANCOM SE has decided to raise the forecast
for the financial year 2021. The Executive Board now expects very significant growth in Group revenue, Group gross profit and Group EBITDA in the financial year 2021. Previously, the Executive
Board expected significant growth in these key figures. The forecast for Group EBITA, which already provided for very significant growth, remains unchanged.
The Executive Board has also increased the forecast for the Group's IT Solutions segment. It now expects very significant growth in revenue and EBITDA; previously, significant growth had been
targeted.
For the Group's Cloud Solutions segment, the Executive Board confirms the forecast of very significant growth in revenue, EBITDA and Annual Recurring Revenue in the financial year 2021.
The forecast increase is based on the preliminary figures for the first nine months of the financial year 2021 and the third quarter included therein. According to these figures, CANCOM SE's Group revenue increased very significantly in the first nine months of financial year 2021 by 12.9 percent to EUR 947.9 million (prior year: EUR 839.3 million). Group EBITDA rose by 39.7 percent year-on-year to EUR 84.6 million (prior year: EUR 60.5 million) and Group EBITA by 58.4 percent to EUR 56.9 million (prior year: EUR 35.9 million). Group EBIT grew by 71.1 percent year-on-year to EUR 52.1 million (prior year: EUR 30.5 million).