31. Mar 2025 | Press releases

CANCOM publishes Annual Report 2024 and forecast 2025

Group revenue increases by 14.1 percent to € 1,737.6 million (previous year: € 1,522.7 million).

Group EBITDA reaches € 113.0 million (previous year: € 115.7 million).

Cash flow from operating activities increases by around € 100 million to € 192.9 million.

The Executive Board and Supervisory Board propose a constant dividend of € 1.00.

Forecast for 2025 takes volatile market environment into account.

The CANCOM Group increased its consolidated revenue by 14.1 percent to €1,737.6 million in the financial year 2024. Gross profit rose even more significantly, reaching € 693.6 million (previous year: € 582.3 million). In a challenging market environment, EBITDA reached € 113.0 million (previous year: € 115.7 million) and EBITA totalled € 59.6 million (previous year: € 64.1 million).

“In a volatile market environment characterised by geopolitical and economic uncertainties, we were able to contribute to strengthening our customers’ digital resilience in order to ensure their stability and competitiveness. In combination with the expansion of our omni-channel offering and investments in the field of artificial intelligence, we are confident that we will continue to be their first point of contact for digitalisation topics and AI”, says Rüdiger Rath, CEO of CANCOM SE.

Growth in the

The “International” business segment, of which CANCOM Austria AG forms a significant part, was once again able to hold its own. Revenue increased by 55.8 percent to € 602.9 million in the financial year (previous year: € 386.9 million). EBITDA reached a value of € 43.3 million (previous year: € 34.6 million), which corresponds to an EBITDA margin of 7.2 percent. In the “Germany” business segment, revenue remained stable at € 1,134.7 million (previous year: € 1,135.8 million). EBITDA totalled € 69.8 million (previous year: € 81.1 million). This results in an EBITDA margin of 6.1 percent.

Cash flow from operating activities of the CANCOM Group developed very positively, totalling € 192.9 million, which was around € 100 million higher than the previous year’s figure of € 94.6 million. Share buybacks totalling € 146.7 million (previous year: € 71.6 million) and a dividend payment of € 35.1 million weighted on cash and cash equivalents of € 144.7 million (previous year: € 222.5 million) at the end of the financial year.

Constant dividend

CANCOM attaches great importance to a stable dividend policy for its shareholders. Based on the solid financial position of the CANCOM Group, the Executive Board and Supervisory Board will again propose an unchanged dividend of €1.00 per share for distribution at the 2025 Annual General Meeting.

Intensive focus on customer requirements

In 2024, an internal focus was placed on the consistent implementation of strategic goals and alignment with the key focus areas of Artificial Intelligence, Data Centre & Cloud, Security & Connectivity, Internet of Things and Modern Workplace. To this end, parts of the organisation were restructured in order to serve the growing requirements of customers more efficiently. The solution and service portfolio and partner ecosystem for these areas were sharpened and intensified. Furthermore, internal programmes to increase operational excellence and the efficient use of resources have made good progress.

Forecast 2025: Growth in uncertain markets

The financial year 2024 was characterised by a volatile market environment due to the weak economic development in the private and public sectors and the associated reluctance of customers to make purchases. It is already clear that 2025 will also bring its own challenges. With the focus topics, strategic priorities have been set in order to be the first point of contact for customers in the digitalisation and implementation of AI solutions. CANCOM believes it is very well positioned here with its range of solutions. For the 2025 financial year, CANCOM forecasts the following development for revenue, EBITDA and EBITA:

CANCOM Group	Forecast 2025
Revenue	€ 1,700 to € 1,850 million
EBITDA	€ 115 to € 130 million
EBITA	€ 61 to € 76 million

About CANCOM

As a leading Digital Business Provider, 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 5,600 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 2024. The Group parent company CANCOM SE is listed on the Frankfurt Stock Exchange in the TecDAX and SDAX (ISIN DE0005419105).