Cancom SE : CANCOM issues profit warning as one-off costs cut into profitability in Q2 and business outlook softens for H2
>Full-year guidance reduced; New revenue guidance -7.0% lower - CANCOM issued a profit warning on 1 August, revising down its full-year 2023 guidance. The updated guidance is approximately -7% below the previous guidance, ranging between € 1,520m to € 1,580m, compared to the prior outlook of € 1,630m to € 1,700m. Gross profit is expected to be between € 560m and € 610m instead of € 580m to € 610m. EBITDA is expected to be in the range of € 116m to € 126m, which is be...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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