sur CANCOM SE (isin : DE0005419105)
CANCOM SE Reports Modest Growth Amid Challenging Market Conditions
CANCOM SE announced modest growth in its third-quarter results despite difficult market conditions. Revenue rose from €415.8 million to €422.6 million, reflecting a slight increase. However, EBITDA decreased to €31.0 million from €35.0 million in the same period last year. Operating cash flow showed improvement, reaching €58.5 million in the first nine months.
The company has adjusted its financial forecast for 2024, citing potential impacts from changes in the German political landscape and ongoing geopolitical tensions. The revised expectations now suggest a turnover of €1,650 to €1,750 million, down from the previous range of €1,750 to €2,000 million.
In response to the market challenges, the CANCOM Group continues to focus on digital solutions for its clients, aiming to support them in their digital evolution. Despite not meeting all expectations, the company remains a key player in its sector.
R. H.
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