Cancom SE : Difficult FY 2022 for CANCOM as one-off costs impacted profits
>Revenue in line, but EBITDA 9% below guidance due to special effects - Last Friday CANCOM released its annual report for 2022. Final group revenue for FY 2022 is € 1,293m (+0.5% y-o-y) vs ODDO BHF and consensus estimates of € 1,317m and € 1,308m respectively. FY 2022 EBITDA was € 105m (-14.4% y-o-y) vs ODDO BHF and consensus estimates of € 119m and € 116m respectively. Special effects, including write-off of inventory, inflation premiums paid to employees and accele...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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