- Consolidated revenue amounted to € 1,714.7 million (previous year: € 1,737.6 million); Q4.25 revenue was € 487.0 million (previous year: € 479.7 million).
- EBITDA reached € 38.9 million in Q4.25 (+46.6% yoy); consolidated FY.25 EBITDA amounted to €102.7 million (previous year: € 113.0 million).
- Cash flow from operating activities at € 139.8 million.
- Proposal for a constant dividend of € 1.00.
Thanks to the increasing recovery in the second half of the year, which strengthened further in the final quarter, the CANCOM Group closed the 2025 financial year with consolidated revenue of € 1,714.7 million (previous year: € 1,737.6 million). Gross profit increased to € 697.0 million (previous year: € 693.6 million). Characterised by a challenging market environment, EBITDA reached € 102.7 million (previous year: € 113.0 million) and EBIT € 48.0 million (previous year: € 59.6 million).
The sustained momentum in Q4.25 in the operating business led to an EBITDA of € 38.9 million (+46.6% yoy). This includes one-off effects from a sale and leaseback transaction in the ‘International’ segment as well as restructuring costs and one-off project expenses in the ‘Germany’ segment, which largely offset each other in the result.
Mixed performance across business segments
In the “Germany” business segment, reluctance among customers to spend had a significant impact on both the SME and public sectors. As a result, revenue fell by 3.7 percent to € 1,092.6 million (previous year: € 1,134.7 million). EBITDA amounted to € 40.1 million (previous year: € 69.8 million). In contrast, the “International” business segment proved robust. Revenue increased by 3.2 percent to € 622.1 million (previous year: € 602.9 million). EBITDA amounted to € 62.6 million (previous year: € 43.3 million) in the past financial year.
Cash flow from operating activities was very solid, reaching € 139.8 million (previous year: € 192.9 million). In total, cash and cash equivalents at the end of the reporting period amounted to € 198.9 million (previous year: € 144.7 million).
Dividend remains stable
The CANCOM Group pursues a consistent and stable dividend policy for the benefit of its shareholders. Given the solid financial position, the Executive Board and Supervisory Board will once again recommend to the 2026 Annual General Meeting the payment of an unchanged dividend of € 1.00 per share.
Strengthening performance to meet growing digitalisation requirements
Customers’ fundamental digitalisation plans remain stable. Companies and public institutions continue to face the challenge of making their IT infrastructures more resilient, secure and, at the same time, more efficient in order to meet the increasing demands on data processing, cybersecurity and regulatory requirements. At the same time, the increased use of Artificial Intelligence opens up additional potential for efficiency and innovation. Consequently, CANCOM implemented targeted measures during the reporting year to further enhance its own capabilities, with the aim of comprehensively meeting customer needs through an integrated end-to-end portfolio.
“The structural drivers of digitalisation remain strong: companies and public institutions continue to invest in high-performance, secure and sovereign IT infrastructures, as well as in the use of Artificial Intelligence. With our clear strategic focus and our integrated portfolio, we are excellently positioned to support our customers’ transformation in the long term,” said Rüdiger Rath, CEO of CANCOM SE.
Forecast for 2026: Development in volatile markets
Customer demand for infrastructure solutions, digitalisation, AI transformation and data sovereignty will also have a positive impact on the 2026 financial year. At the same time, significant price increases and uncertainties regarding the availability of IT components are on the horizon. Although the exact nature of these developments is difficult to predict at present, they are likely to influence business performance in 2026. CANCOM’s close, long-standing partnerships with all leading technology manufacturers represent a significant competitive advantage in this regard. Accordingly, CANCOM’s Executive Board forecasts the following development for revenue, EBITDA and EBITA:
CANCOM Group | Forecast 2026 |
Revenue | € 1,750 to € 1,850 million |
EBITDA | € 110 to € 130 million |
EBITA | € 55 to € 75 million |
