Added to YB: 2025-02-14
Pitch date: 2025-02-12
COK.DE [neutral]
Cancom SE
+12.85%
current return
Author Info
Lux Opes Research covers European companies. Lots of them. Sign up for the newsletter.
Company Info
Cancom SE, together with its subsidiaries, provides information technology services in Germany and internationally.
Market Cap
EUR 778.4M
Pitch Price
EUR 23.93
Price Target
N/A
Dividend
4.05%
EV/EBITDA
9.10
P/E
21.58
EV/Sales
0.57
Sector
IT Services
Category
N/A
CANCOM (COK) Revenue Surprise but Profitability Disappoints
COK.DE (overview): Mixed 2023 results. Revenue up 14.4% YoY, beating guidance, driven by KBC acquisition. EBITDA declined slightly, Q4 profits worse than expected. Strong govt IT spend in Q4. Lack of operating leverage disappointing. Cautious outlook with potential H2 2024 recovery on Windows 11 upgrades.
Read full article (1 min)