CANCOM SE : CANCOM cuts full year guidance due to political uncertainties
>EBITDA +4% above css, but guidance cut significantly - CANCOM delivered Q3 results that were in line with the consensus on the top line and +4% above consensus at EBITDA level. Revenue increased by +1.6% y-o-y to € 422.6m and EBITDA declined by -11.4% y-o-y to € 31.0m. The company cut its full year guidance as it expects the collapse of the German coalition to negatively affect Q4. The mid-point of the new guidance is -3% below the bottom-end of the old guidance in t...Cancom is an information technology ("IT") systems vendor. Co. is engaged in the provision of information technology (IT) products and services. Co. divides its products and services in four divisions: IT solutions, providing security, network and system solutions, communication, storage, backup and archive services, and IT management; IT services, offering rollout, installation, move, add, change (IMAC) of IT solutions, support and repair, and managed services; IT operations, providing remote management, outtasking and outsourcing, and Hard and Software, supplying hardware, software and accessories.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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