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Cancom : Earnings Call Q1.26
Cancom : Earnings Call
About this update from Cancom Se
Earnings Call Q1.26 For English real-time translation: Wait for the call to start Please scan the QR-Code Choose Language Use headphones and listen to the interpretation 13 May 2026 Rüdiger Rath, CEO Thomas Stark, CFO Significant Events in Q1.26 Revenue Stable revenues of € 407.0m in Q1.26 (Q1.25: 410.5m). EBITDA +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. OCF 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 Current Status of the IT Market 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 Wide Partnership Network 300 manufacturer partners for all customer requirements Highest partner status with the most important manufacturers Close cooperation & Service partnerships We understand our customers' business 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 6 FINANCIALS Q1 2026 7 Q1.26 Group: Significant improvement in profitability. REVENUE € million Q1.26 407.0 Q1.25 410.5 EBITDA € million Q1.26 27.0 Q1.25 21.1 -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 2029 2.4 2029 0.06 2028 4.1 2028 0.10 2027 5.2 2027 0.13 2026 6.9 2026 0.17 2025 8.8 2025 0.21 Q1.26 FY.25 EARNINGS PER SHARE (€) from continued operations (undiluted) 0.26 0.92 Share buybacks 2025: Terminated. Cancelled. Capital reduced. Share buyback 2025 Share capital Start 22 September 2025 Before cancelation € 31,515,345 End 27 April 2026 Treasury share cancellation € 2,775,642 Volume (net) € 69.5 million Current share capital € 28,739,703 Number of shares 2,775,642 VWAP € 25.05 % of share capital 8.81 % On the AGM on 17 th June 2026, a new authorisation for the acquisition and use of treasury shares is to be resolved. OUTLOOK 2026 15 Forecast 2026: Ample of opportunities of growth. € million Forecast 2025 Revenue 1,750 - 1,850 1,714.7 EBITDA 110 - 130 102.7 EBITA 55 - 75 48.0 2026 offers several chances for growth. Financial Calendar 2026 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 18 Contact Investor Relations Team: Lars Dannenberg [email protected] +49 89 54054 5193 Attention : This is an excerpt of the original content. To continue reading it, access the original document here .