13. May 2026 | Press releases

CANCOM significantly increases operating profitability in Q1.26

Consolidated revenue amounted to € 407.0 million (Q1.25: € 410.5 million)

EBITDA improved significantly by 28.1 % to € 27.0 million

Treasury shares cancelled and capital reduction completed

CANCOM SE significantly increased its operating profitability in the first quarter of the 2026 financial year. With revenue remaining virtually stable, the Group significantly improved all key earnings indicators. This was driven in particular by higher gross profit and continued disciplined cost control.

The CANCOM Group’s revenue in Q1.26 reached € 407.0 million (Q1.25: € 410.5 million). Thanks to a generally positive margin trend and strong demand for software – which, due to IFRS 15 accounting effects, is not reflected in revenue – gross profit reached € 174.7 million (Q1.25: € 169.2 million), corresponding to a gross profit margin of 42.7 %.

Cost discipline and the ongoing positive effects of the restructuring measures implemented in 2025 led to stable expenses in Q1.26. Overall, the CANCOM Group’s EBITDA rose significantly by 28.1 % to € 27.0 million (Q1.25: € 21.1 million), with an EBITDA margin of 6.6 % (Q1.25: 5.1 %). Similarly, EBITA rose very significantly by 69.2 % to € 13.2 million, and EBIT by 107.4 % to € 11.2 million in Q1.26.

Significant earnings growth in the Germany segment

In the Germany business segment, the CANCOM Group achieved a solid increase in revenue to € 265.4 million in Q1.26 (Q1.25: € 250.6 million). EBITDA rose very significantly to € 15.4 million (Q1.25: € 8.9 million), which is reflected in an improved EBITDA margin of 5.8 % compared with 3.5 % in the same quarter of the previous year. In the International business segment, revenue in Q1.26 stood at € 141.6 million (Q1.25: € 159.9 million). EBITDA amounted to € 11.6 million (Q1.25: € 12.2 million). Despite the lower revenue volume, the EBITDA margin improved to 8.2 % (Q1.25: 7.6 %).

“In the first quarter of 2026, we significantly increased our profitability and markedly improved the quality of our earnings. This demonstrates that our business model remains resilient even in a persistently challenging market environment. Our current strong order book underpins this development. Key factors in this were the consistent implementation of our cost and efficiency programme, as well as clear operational discipline,” said Rüdiger Rath, CEO of CANCOM SE.

Resilient balance sheet structure and confirmed outlook

Solid customer demand is also reflected in operating cash flow, which stood at € -60.0 million (Q1.25: € 3.1 million). Cash and cash equivalents amounted to € 106.6 million at the end of Q1.26.

Despite rising prices, particularly for infrastructure and storage components, demand remained stable in the first quarter. The healthy order book confirms this trend beyond the quarter and demonstrates that the CANCOM Group is performing well even under the ongoing challenging conditions.

Against this backdrop, and given the unchanged assessment of both the economic and sector-specific conditions, the Executive Board confirms the forecast for the 2026 financial year as published in the 2025 Annual Report:

CANCOM Group	Forecast 2026
Revenue	€ 1,750 to € 1,850 million
EBITDA	€ 110 to € 130 million
EBITA	€ 55 to € 75 million

About CANCOM

As a leading Digital Business Provider and AI-enabler, CANCOM leads companies, organizations and the public sector into the digital future. The range of services and solutions includes classic system house IT solutions as well as data-based digital solutions, managed services and cloud services. We accompany the digital evolution of our customers with passion and technology and support them in reducing the complexity of their IT and developing new business models. We offer a holistic portfolio for all IT and business requirements.

The CANCOM Group’s offering comprises innovative solutions in the areas of Artificial Intelligence, Security & Network, Datacenter & Cloud, IoT Solutions and Modern Workplace and includes services for the entire IT lifecycle – from the provision of IT infrastructures, planning and integration, to support, managed services and XaaS. Customers benefit from the extensive expertise with which their diverse requirements are translated into concrete industry-specific IT solutions to significantly promote their business success.

The more than 5,300 employees of the internationally active CANCOM Group with around 80 locations in the DACH region, Belgium, Slovakia, Romania and the Czech Republic as well as an efficient partner network ensure market presence and customer proximity. The CANCOM Group is managed by Rüdiger Rath (CEO) and Thomas Stark (CFO). The company is headquartered in Munich. CANCOM generated annual revenue of around 1.7 billion euros in 2025. The Group parent company CANCOM SE is listed on the Frankfurt Stock Exchange in the TecDAX and SDAX (ISIN DE0005419105).