Cancom SE Reports Weak EBITDA Despite Higher Sales

Cancom SE announces weak EBITDA for fiscal 2024 despite a notable increase in sales. The company's performance indicators remain within forecasted ranges.

Date: 11-02-2025

AI Rating: 5

Weak EBITDA Performance
Cancom SE has reported an EBITDA of 113.1 million euros for the fiscal year 2024, a decrease from the previous year's 115.7 million euros. This decline in EBITDA, a key earnings metric, is a significant factor that could negatively affect investor sentiment.

Sales and Gross Profit Growth
Despite the drop in EBITDA, Cancom SE has experienced a noteworthy 14.4% increase in sales, totaling 1.74 billion euros compared to 1.52 billion euros in the prior year. Furthermore, gross profit showed vigorous growth of 19.1% year-over-year, reaching 693.3 million euros. These aspects demonstrate that while sales are improving, it has not translated into an improvement in earnings, specifically EBITDA.

Performance Indicators
The company indicates that all relevant performance indicators are still within the forecast range for the fiscal year 2024, which suggests that while there are concerns about the declining EBITDA, Cancom's overall operational performance remains aligned with expectations.

Stocks: CNCXY