Cancom SE (CNCXY.PK), a German IT services manager, on Tuesday reported a rise in revenue for the first-half, helped mainly by increased revenue from the international business segment. In addition, the company has reaffirmed its annual guidance.
For the six-month period, the firm posted EBITA of 28.7 million euros, higher than 18.9 million euros, registered for the same period last year. This is due to a significant contribution from the Cancom Austria Group and International business segment.
EBITDA was 55.5 million euros, higher than 41.6 million euros, posted last year.
Revenue increased to 835.3 million euros from prior year's 647 million euros.
Due to higher contribution from Ancom Austria Group, revenue from international business segment surged to 277 million euros from prior year's 82.5 million euros.
Looking ahead, for the full year, the company continues to expect EBITA of 75 million euros to 100 million euros, EBITDA of 130 million euros to 155 million euros, and revenue of 1.750 million euros to 2 billion euros.
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