Cancom SE (CNCXY.PK), a German IT services manager, announed Tuesday preliminary fiscal 2024 results, reporting weak EBITDA, a key earnings metric, despite higher sales.
For the year, EBITA totalled 59.4 million euros. EBITDA was 113.1 million euros, down from previous year's 115.7 million euros.
Gross profit, however, grew 19.1 percent year-over-year to 693.3 million euros.
Sales increased 14.4 percent to 1.74 billion euros from prior year's 1.52 billion euros.
The company said all relevant performance indicators are within the forecast range for the 2024 financial year.
CANCOM plans to publish its Annual Report 2024 on March 31.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.