Cancom: Earnings Call Q1.26

Earnings Call Q1.26

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Rüdiger Rath, CEO Thomas Stark, CFO

Significant Events in Q1.26

Stable revenues of € 407.0m in Q1.26 (Q1.25: 410.5m).

+28.1 % yoy increase in Group EBITDA to € 27.0m in Q1.26 (Q1.25: € 21.1m);

Increased gross profit and 2025 cost saving measures materialised.

Operating Cashflow of -€ 60.0m reflects the uptick in customer demand.

Improved profitability in Q1.26 bearing fruits from the favorable gross profit mix and implementation of efficiency measures in 2025.

BUSINESS MOMENTS & KEY TRENDS

TECHNOLOGY & INNOVATION

• CANCOM Joins the German AI Association and

  Strengthens Its Commitment to Sovereign AI

• Joint customer study with techconsult: "AI: From Vision to Implementation"

  CUSTOMERS & PARTNERS

• CANCOM nominated as an NVIDIA AI Factory Specialisation Partner

• Presented AI-powered solutions for secure

  and efficient hospital environments at DMEA

• CANCOM named Strategic Scale Partner of the Year (DACH) by CrowdStrike

• CANCOM named ServiceNow Reseller Rising Star in EMEA

• CANCOM once again named Principal Partner of Logitech

• Hosted the CANCOM Workplace Days

  BUSINESS MODEL

• First company to seamlessly integrate third-party catalogue services from the AWS Marketplace into its own marketplace

  
  
  

• CANCOM Web Shop improvements to create better usability and more flexibility for our customers

  M&A & INTEGRATION

• CANCOM is building a new logistics and service center in the greater Hamburg area

• Successful group-wide CANCOM Sales Conference

  INTERNAL EFFICIENCY

• Increased efficiency through AI projects: Premium Support Agents, Contract Agents, Offer Agents

• CANCOM apprentices successfully participate in IBM's Watson X Challenge

Earnings Call Q1.26 I 13 May 2026

Current Status of the IT Market: Providing opportunities for CANCOM

Supply bottlenecks caused by AI demand and capacity constraints

The impact extends to servers, storage and integrated solutions

Rising DRAM prices

as suppliers of traditional memory are shifting Capex to AI related memory technologies

Rising Component costs

across the industry

This trend is likely to continue throughout the year

300 manufacturer partners for all

customer requirements

Highest partner status with the most important manufacturers

Close cooperation & Service partnerships

We promote the innovative strength of our customers

More than 40,000 customers

trust us

Innovative. Agile. Sustainable.

Our Portfolio & Focus Topics

HARDWARE & SOFTWARE

PROFESSIONAL SERVICES

SUPPORT SERVICES

MANAGED SERVICES & XAAS

DEFENSE

AI & Digital Solutions Internet of Things Workplace Datacenter & Cloud

Security & Connectivity

Enterprise Applications

GESUNDHEIT

PUBLIC

FINANZEN

BILDUNG

PRODUKTION

RETAIL

TRANSPORT

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Q1.26 Group: Significant improvement in profitability.

REVENUE

€ million

-0.9%

+28.1%

EBITDA MARGIN

%

+6.6%

Q1.25: +5.1%

Positive effect from favorable gross profit, cost discipline and first positive effects from the restructuring measures initiated in 2025.

Q1.26 Segment Germany: Continuing positive revenue development.

REVENUE

€ million

250.6

Q1.25

265.4

Q1.26

+5.9%

EBITDA MARGIN

%

+5.8%

Q1.25: +3.5%

EBITDA

8.9

Q1.25

€ million

15.4

Q1.26

+74.4%

Q1.26 Segment International: Further improved EBITDA Margin.

REVENUE

€ million

Q1.25

159.9

Q1.26

141.6

-11.4%

EBITDA MARGIN

%

+8.2%

Q1.25: +7.6%

EBITDA

Q1.25

12.2

Q1.26

11.6

€ million

-5.3%

Operating Cash Flow: Reflecting strong customer demand.

FY.24: +192.9

€ million

FY.25: +139.8

151.4

YTD.26: -60.0 NET CASH*

134.3

56.3

12.4

3.1

-10.1

-2.2

-12.6

€ million

106.6

Q1.25: 134.7

-60.0

Q1.24 Q2.24 Q3.24 Q4.24 Q1.25 Q2.25 Q3.25 Q4.25 Q1.26 Q2.26 Q3.26 Q4.26

CapEx: Seasonally early investments.

FY.24: 22.3

FY.25: 14.9

YTD.26: 5.7

CAPEX / REVENUE

6.5

5.6

5.7

5.1 5.1

4.1

4.0

3.5

3.3

Q1.24 Q2.24 Q3.24 Q4.24 Q1.25 Q2.25 Q3.25 Q4.25 Q1.26 Q2.26 Q3.26 Q4.26

€ million %

1.4%

Q1.25: 1.0%

PPA based amortization and EPS effects.

PPA EFFECT ON AMORTIZATION

€ million before tax

PPA EFFECT ON EPS

€ per share after tax

Q1.26

FY.25

EARNINGS PER SHARE (€)

from continued operations (undiluted) 0.26 0.92

Share buybacks 2025: Terminated. Cancelled. Capital reduced.

On the AGM on 17th June 2026, a new authorisation for the acquisition and use of treasury shares is to be resolved.

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Forecast 2026: Ample of opportunities of growth.

2026 offers several chances for growth.

Financial Calendar 2026

17 June 2026 Annual General Meeting, Munich

11 August 2026 Interim Report as at 30 June 2026

12 November 2026 Quarterly Statement as at 30 September 2026

23 - 25 November 2026 Analyst conference as part of the German Equity Forum, Frankfurt/Main

Earnings Call Q1.26 I 13 May 2026

Q+A

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Contact

Investor Relations Team: Lars Dannenberg [email protected]

+49 89 54054 5193