on CANCOM SE (isin : DE0005419105)
CANCOM SE Releases 2024 Annual Report and 2025 Forecast
CANCOM SE has published its annual report for 2024, revealing a 14.1% increase in group revenue to €1,737.6 million. Despite growth, group EBITDA slightly declined to €113.0 million from €115.7 million the previous year. Encouragingly, cash flow from operating activities rose significantly by approximately €100 million, totaling €192.9 million. A consistent dividend of €1.00 per share is proposed.
The company reported significant growth in its International segment, particularly driven by CANCOM Austria AG, with revenue soaring by 55.8% to €602.9 million. Meanwhile, the Germany segment's revenue remained steady. CANCOM continues to focus on enhancing its digital and AI offerings amid market volatility.
Looking ahead, CANCOM anticipates further challenges in 2025 due to prevailing economic uncertainties. The company forecasts revenue between €1,700 and €1,850 million, with EBITDA projected at €115 to €130 million. These projections reflect strategic priorities in digitalization and AI, aligning with evolving customer needs.
R. E.
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