Shares of German IT services company Cancom SE (COK.DE, CNCXY.PK) are down 3 percent on Tuesday's trading after the company slipped to loss in the second quarter from profit a year ago. While the revenue also saw a decline, the company reaffirmed its revised outlook for the year ahead
On the Frankfurt Stock Exchange, the stock is trading down 2.56 percent at 22.80 euros.
The company posted loss of 0.5 million euros or 0.01 euro per share in the second quarter, compared to profit of 7.12 million euros or 0.20 per share in the year-ago period. Pre-tax loss was 1.27 million euros in the three-month period, compared to pre-tax profit of 9.15 million euros in the same period of last year.
Quarterly revenue fell to 393.24 million euros from 394.74 million euros in the previous-year period, mainly affected by a decline in revenue in the German business segment.
EBIT for the period was 0.2 million euros compared to 8.92 million euros in the simultaneous period of fiscal 2024.
Looking ahead, the company reaffirmed its adjusted fiscal 2025 outlook of revenue between 1.65 billion euros and 1.75 billion euros. While EBITDA is projected in the 100 million euros to 110 million euros range, EBITA is expected between 46 million euros and 56 million euros.
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.