EQS-Adhoc

CANCOM SE: Conclusion of the contribution and execution agreement for the acquisition of KBC Beteiligungs GmbH; update of the forecast for the financial year 2023 in the course of consolidation

EQS-Ad-hoc: CANCOM SE / Key word(s): Change in Forecast/Merger CANCOM SE: Conclusion of the contribution and execution agreement for the acquisition of KBC Beteiligungs GmbH; update of the forecast for the financial year 2023 in the course of consolidation 25-May-2023 / 12:07 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. CANCOM SE: Conclusion of the contribution and execution agreement for the acquisition of KBC Beteiligungs GmbH; update of the forecast for the financial year 2023 in the course of consolidation

Munich, Germany, 25 April 2023 - With today's conclusion of the contribution agreement and the execution agreement with the shareholders of KBC Beteiligungs GmbH, CANCOM SE has successfully completed the key step in the acquisition of KBC Beteiligungs GmbH (see ad hoc announcement dated 24 April 2023 on the conclusion of the agreement on the acquisition of KBC Beteiligungs GmbH). The Executive Board now assumes that the date of initial consolidation of KBC Beteiligungs GmbH will be 1 June 2023. In the course of the consolidation of the KBC Beteiligungs Group, the Executive Board of CANCOM SE now expects the development of the CANCOM Group to deviate from the most recent forecast confirmed in the interim statement for the first quarter and is updating the forecast for the CANCOM Group for the 2023 financial year accordingly. The Executive Board now forecasts the following development of the CANCOM Group in the current financial year: 

CANCOM Group	Updated forecast 2023
Revenue	€1,630 - 1,700 million  (previously €1,320 - 1,390 million)
Gross profit*	€580 - 610 million (previously €460 to 485 million)
EBITDA*	€131 - 141 million (previously €114 - 124 million)
EBITA*	€80 - 90 million