Back

25. May 2023 | Ad Hoc

CANCOM SE: Conclusion of the contribution and execution agreement for the acquisition of KBC Beteiligungs GmbH; update of the forecast for the financial year 2023 in the course of consolidation

Munich, Germany, 25 April 2023 – With today’s conclusion of the contribution agreement and the execution agreement with the shareholders of KBC Beteiligungs GmbH, CANCOM SE has successfully completed the key step in the acquisition of KBC Beteiligungs GmbH (see ad hoc announcement dated 24 April 2023 on the conclusion of the agreement on the acquisition of KBC Beteiligungs GmbH). The Executive Board now assumes that the date of initial consolidation of KBC Beteiligungs GmbH will be 1 June 2023. In the course of the consolidation of the KBC Beteiligungs Group, the Executive Board of CANCOM SE now expects the development of the CANCOM Group to deviate from the most recent forecast confirmed in the interim statement for the first quarter and is updating the forecast for the CANCOM Group for the 2023 financial year accordingly. The Executive Board now forecasts the following development of the CANCOM Group in the current financial year: 

CANCOM Group   Updated forecast 2023
Revenue  €1,630 – 1,700 million 
(previously €1,320 – 1,390 million)
Gross profit* €580 – 610 million
(previously €460 to 485 million)
EBITDA* €131 – 141 million
(previously €114 – 124 million)
EBITA* €80 – 90 million
(previously €70 – 80 million)

 

Notifying company:
CANCOM SE, Erika-Mann-Straße 69, 80636 Munich, Germany
ISIN DE0005419105, Frankfurt Stock Exchange (SDAX, TecDAX, Prime Standard)

Contact / Notifying Person:
Florian Mangold, Specialist Investor Relations
+49 (0)89 540545511
ed.mo1729060641cnac@1729060641dlogn1729060641am.na1729060641irolf1729060641

 

* Note on Alternative Performance Measures (APM):
The definitions of the alternative performance indicators gross profit, EBITDA and EBITA used in this report are published in the CANCOM SE Annual Report 2022 on page 16.