CANCOM SE: CANCOM publishes Annual Report 2023 and forecasts significant
growth

EQS-News: CANCOM SE / Key word(s): Annual Report
CANCOM SE: CANCOM publishes Annual Report 2023 and forecasts significant
growth

28.03.2024 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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CANCOM SE: CANCOM publishes Annual Report 2023 and forecasts significant
growth

  * Group revenue increases by 17.8 percent to EUR 1,522.7 million (prior
    year: EUR 1,292.9 million) and Group EBITDA to EUR 115.7 million (prior
    year: EUR 104.9 million).

  * Cash flow from operating activities increases by EUR 148.2 million to EUR
    +94.6 million.

  * The Executive Board and Supervisory Board propose a constant dividend of
    EUR 1.00.

* Forecast 2024: CANCOM Group expects significant growth.

Munich, Germany, 28 March 2024 - In the 2023 financial year, Group revenue
increased by 17.8 percent to EUR 1,522.7 million. The CANCOM Group also
achieved a significant increase in gross profit of 33.0 percent to EUR 582.3
million (prior year: EUR 437.9 million). EBITDA increased by 10.3 percent to EUR
115.7 million (prior year: EUR 104.9 million) despite one-off effects, while
EBITA rose by 18.0 percent to EUR 64.1 million (prior year: EUR 54.3 million).

'Thanks to our successful acquisition strategy, we closed the 2023 financial
year with significant growth,' summarises Rüdiger Rath, CEO of CANCOM SE.
'At the same time, we have implemented the operational improvements we had
planned step by step. Our new ERP system was introduced in the 2023
financial year and we expect it to have a positive impact in the coming
years. The efficiency and profitability programme for 2023 has been
completed and the high capital commitment at the beginning of the year is
decreasing. We are starting the new financial year in a good position and
are therefore proposing a constant dividend of EUR 1.00 per share.'

In the forecast for the development of the CANCOM Group in the 2024
financial year, the Executive Board forecasts, among other things, growth in
consolidated revenue to EUR 1.750 million to EUR 2,000 million and that
consolidated EBITDA will reach a value of EUR 130 million to EUR 155 million.

Fiscal year ended with strong cash flow from operating activities, strong
development in the International segment

Cash flow from operating activities developed extremely positively,
increasing by EUR 148.2 million year on year to EUR +94.6 million (prior year: EUR
-53.6 million). Cash and cash equivalents were at a comfortable level of EUR
222.5 million at the end of the year (prior year: EUR 393.2 million) after
payments of EUR 107.6 million for company acquisitions and expenditure of EUR
71.6 million for the 2023 share buy-back programme.

In the CANCOM Group's financial reporting, the business segments 'Germany'
and 'International' were presented for the first time for the full year. In
the 'Germany' segment, revenue totalled EUR 1,135.8 million (prior year: EUR
1,171.7 million). EBITDA was diluted by one-off costs totalling EUR 10.2
million and amounted to EUR 81.1 million (prior year: EUR 90.9 million). The
EBITDA margin was 7.1 percent (prior year: 7.8 percent).

The contribution of the CANCOM Austria Group dominated the development in
the 'International' segment. Revenue rose to EUR 386.9 million (prior year: EUR
121.2 million) and with EBITDA of EUR 34.6 million (prior year: EUR 13.9
million), an EBITDA margin of 9.0 percent was achieved.

Integration of the KBC Group progresses

The integration of the KBC Group, which has been operating under the name
CANCOM Austria Group since 1 January 2024, has made good progress in recent
months. The first joint annual financial statements published with the
annual report are another important milestone in the integration of the two
companies. In 2024, the focus will be on joint market development with the
combined and expanded portfolio of both companies as well as further
operational measures to increase profitability.

Forecast 2024: Significant growth in a challenging environment

Despite the challenging economic development in the core markets of Germany,
Austria and Switzerland, the Executive Board expects significant growth for
the CANCOM Group. Customers' demands on IT service providers continue to
increase. Trend topics such as cyber security, IoT, cloud, modern work and
artificial intelligence are leading to a significant increase in demand for
consulting and investment in infrastructure. For the 2024 financial year,
CANCOM forecasts the following development for revenue, gross profit, EBITDA
and EBITA:

     CANCOM Group    Forecast 2024
     Revenue         EUR 1,750 to EUR 2,000 million
     Gross profit    EUR 640 to EUR 740 million
     EBITDA          EUR 130 to EUR 155 million
     EBITA           EUR 75 to EUR 100 million

________________________________

About CANCOM
As a hybrid IT service provider, CANCOM accompanies companies into the
digital future. We support our customers in reducing the complexity of their
IT and expanding their business success through the use of state-of-the-art
technology. CANCOM offers tailor-made IT from A to Z from a single source to
meet the IT needs of companies, organisations and the public sector.

The CANCOM Group's range of IT solutions includes consulting,
implementation, services and the operation of IT systems. Customers benefit
from our extensive expertise and a holistic and innovative portfolio that
covers the IT requirements necessary for the successful digital
transformation of companies. As a hybrid IT integrator and service provider,
we deliver a range of services and solutions that includes business
solutions and managed services such as cloud computing, analytics,
enterprise mobility, IT security, hosting and as-a-service offerings.

The CANCOM Group's approximately 5,600 employees and an efficient partner
network ensure market presence and customer proximity in Germany, Austria,
Switzerland and Belgium, among other countries. The CANCOM Group is managed
by Rüdiger Rath (CEO), Jochen Borenich (CSO) and Thomas Stark (CFO). The
company is headquartered in Munich. CANCOM generated revenue of around 1.5
billion euros in 2023. The Group parent company CANCOM SE is listed on the
Frankfurt Stock Exchange in the SDAX and TecDAX (ISIN DE0005419105).

Contact
Lars Dannenberg
Director Investor Relations
+49 89 54054 5371
lars.dannenberg@cancom.de

Please note
If you do not wish to receive information from us by e-mail, please write to
ir@cancom.de.

Data protection notice
You are receiving this message because you have been added to the CANCOM
mailing list for investor information. You have been included because you
have expressed the wish to be informed about company news in the past.
CANCOM stores and processes personal data about you, such as your name and
e-mail address, in order to be able to offer you this service. CANCOM stores
and uses this data exclusively to keep itself informed about the development
of investor communication and to be able to contact investors in the context
of investor relations activities.

General information on the use of data by CANCOM
CANCOM will not pass on personal data collected in the course of investor
relations activities to third parties without the express consent of the
person concerned. The only exception to this rule is if CANCOM is requested
to transmit data by competent authorities such as the German Federal
Financial Supervisory Authority (Bundesanstalt für
Finanzdienstleistungsaufsicht).
Even after you have consented to receive investor information from us and
thus enabled CANCOM to store and use your personal data, you have the right
to withdraw this consent at any time. All you need to do is send an informal
message by e-mail to widerspruch@cancom.de or to ir@cancom.de.
For more information about CANCOM's privacy policy, the contact person or
your individual rights as a data subject, please visit our website
https://www.cancom.de/datenschutz-cancom/


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28.03.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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   Language:       English
   Company:        CANCOM SE
                   Erika-Mann-Straße 69
                   80636 Munich
                   Germany
   Phone:          +49-(0)89/54054-0
   Fax:            +49-(0)89/54054-5119
   E-mail:         info@cancom.de
   Internet:       http://www.cancom.de
   ISIN:           DE0005419105
   WKN:            541910
   Indices:        SDAX, TecDAX
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1869327

End of News EQS News Service
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1869327 28.03.2024 CET/CEST