Die CANCOM SE erzielte im ersten Halbjahr 2023 ein deutliches Wachstum bei Umsatz und Rohertrag, das EBITDA ging jedoch zurück. |
CANCOM SE achieved significant growth in revenue and gross profit in the first half of 2023, but EBITDA declined. |
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Systemhaus auf Wachstumskurs: Der CANCOM-Konzern schließt das erste Halbjahr 2023 mit einem Umsatzwachstum von 8,6 Prozent ab und bestätigt damit die bereits veröffentlichten vorläufigen Zahlen. Auf Konzernebene lag der Umsatz bei 647,0 Mio. Euro (Vorjahr: 595,5 Mio. Euro), der Rohertrag stieg um 15,7 Prozent auf 245,2 Mio. Euro (Vorjahr: 212,0 Mio. Euro). „Während sich das Hardware-Geschäft im zweiten Quartal verlangsamt hat, hat sich das Service-Geschäft im ersten Halbjahr im Rahmen unserer Erwartungen entwickelt“, erläutert Rüdiger Rath, Vorstandsvorsitzender der CANCOM SE, die Umsatzentwicklung. „Dies hat auf Konzernebene zu einer Steigerung des Rohertrags geführt.“
Das Konzern-EBITDA lag aufgrund von Sondereffekten in Höhe von 10,2 Mio. Euro bei 41,5 Mio. Euro (Vorjahr: 51,1 Mio. Euro). Die Sondereffekte entstanden im Zusammenhang mit dem Effizienz- und Profitabilitätsprogramm der CANCOM Gruppe in Höhe von 5,9 Mio. €, durch M&A-Kosten in Höhe von 1,2 Mio. € sowie durch vorzeitig beendete Projekte in Höhe von 3,1 Mio. €. Das Konzern-EBITA lag im ersten Halbjahr bei 18,9 Mio. Euro (Vorjahr: 30,9 Mio. Euro). „Die Sondereffekte zeigen, dass wir die Transformation der CANCOM Gruppe, die wir uns mit unserem Effizienz- und Profitabilitätsprogramm vorgenommen haben, in allen Bereichen konsequent umsetzen“, so Rath. „Nach dem Transformationsjahr 2023 wird die CANCOM Gruppe im Jahr 2024 von spürbaren und nachhaltigen Einspareffekten in Höhe von rund 15 Mio. Euro profitieren. Die Effekte für das Jahr 2023 haben wir in der Prognose abgebildet.“ Neue Segmentberichterstattung nach Übernahme der K-Businesscom Im Segment Deutschland, in dem neben den deutschen Gesellschaften der CANCOM Gruppe auch eine Tochtergesellschaft der KBC erfasst wird, lag der Umsatz im ersten Halbjahr 2023 bei 564,5 Mio. € (Vorjahr: 543,7 Mio. €). Der Rohertrag belief sich auf 214,0 Mio. € (Vorjahr: 195,3 Mio. €) und das EBITDA erreichte 32,4 Mio. Euro (Vorjahr: 44,5 Mio. €). Das EBITA lag bei 11,4 Mio. € (Vorjahr: 24,9 Mio. Euro). Im Segment International lag der Umsatz, der in der Vergleichsperiode vor allem von den CANCOM Tochtergesellschaften CANCOM a+d Solutions in Österreich und CANCOM Public BV in Belgien generiert wurde, bei 82,5 Mio. € (Vorjahr: 51,8 Mio. €). Der Rohertrag lag bei 37,5 Mio. € (Vorjahr: 17,6 Mio. €). Das EBITDA erreichte 9,2 Mio. € (Vorjahr: 6,6 Mio. €) und das EBITA 7,5 Mio. € (Vorjahr: 6,0 Mio. €). „Die Entwicklung im Segment International ist in erster Linie auf den Beitrag der K-Businesscom zurückzuführen, die wir zum 1. Juni 2023 in den Konsolidierungskreis aufgenommen haben“, erläutert Rath. Cashflow aus betrieblicher Tätigkeit deutlich verbessert Starke Entwicklung im Service-Geschäft Herausforderndes Umfeld im zweiten Halbjahr erwartet |
System house on course for growth: The CANCOM Group closes the first half of 2023 with revenue growth of 8.6 percent, confirming the preliminary figures already published. At Group level, revenue was €647.0 million (previous year: €595.5 million), while gross profit rose by 15.7 percent to €245.2 million (previous year: €212.0 million). „While the hardware business slowed down in the second quarter, the service business developed in line with our expectations in the first half of the year,“ said Rüdiger Rath, CEO of CANCOM SE, explaining the revenue trend. „This has led to an increase in gross profit at Group level.“
Consolidated EBITDA was €41.5 million (previous year: €51.1 million) due to special effects amounting to €10.2 million. The special effects arose in connection with the CANCOM Group’s efficiency and profitability program in the amount of €5.9 million, from M&A costs in the amount of €1.2 million, and from projects terminated prematurely in the amount of €3.1 million. Group EBITA in the first half of the year was €18.9 million (previous year: €30.9 million). „The special effects show that we are consistently implementing the transformation of the CANCOM Group, which we set out to achieve with our efficiency and profitability program, in all areas,“ said Rath. „After the transformation year 2023, the CANCOM Group will benefit from noticeable and sustainable savings effects of around 15 million euros in 2024. We have reflected the effects for 2023 in the forecast.“ New segment reporting after acquisition of K-Businesscom In the wake of the acquisition of K-Businesscom, CANCOM is reintroducing segment reporting to increase transparency about CANCOM’s performance in its core market of Germany compared to other markets. Financial reporting now shows the segments „Germany“ and „International“. The segments are structured according to the location of the companies‘ registered offices. In the Germany segment, which includes the German companies of the CANCOM Group as well as a subsidiary of KBC, revenue in the first half of 2023 was €564.5 million (previous year: €543.7 million). Gross profit amounted to €214.0 million (previous year: €195.3 million) and EBITDA reached €32.4 million (previous year: €44.5 million). EBITA amounted to €11.4 million (previous year: €24.9 million). In the International segment, revenue generated in the comparative period primarily by CANCOM subsidiaries CANCOM a+d Solutions in Austria and CANCOM Public BV in Belgium was €82.5 million (previous year: €51.8 million). Gross profit was €37.5 million (previous year: €17.6 million). EBITDA reached €9.2 million (previous year: €6.6 million) and EBITA €7.5 million (previous year: €6.0 million). „The development in the International segment is primarily attributable to the contribution of K-Businesscom, which we included in the scope of consolidation as of June 1, 2023,“ explained Rath. Cash flow from operating activities significantly improved Cash flow from operating activities was € -35.6 million in Q2 2023 (previous year: € -40.0 million), continuing the announced improvement over the course of the year. In the first half of 2023, cash flow from operating activities amounted to € -79.8 million (previous year: € -126.1 million) and improved significantly. Cash and cash equivalents amounted to € 170.4 million at June 30, 2023 (previous year: € 387.4 million) and were lower than the figure at the end of the previous year, mainly due to the payment for the acquisition of K-Businesscom, the dividend payment of € 35.4 million, and the usual seasonality. Strong development in the service business In the CANCOM Group’s services business, which comprises Consulting, Support Services and Managed Services/XaaS, revenue rose to €216.6 million in the first half of the year (previous year: €175.8 million). In Consulting, revenue was €115.6 million (previous year: €93.6 million) and gross profit was €91.0 million (previous year: €74.0 million) with a gross profit margin of 78.7 percent. In Support Services, sales in the same period reached €34.9 million (previous year: €24.6 million) and gross profit was €23.2 million (previous year: €18.1 million), resulting in a gross profit margin of 66.6 percent. Sales of Managed Services/XaaS grew to €66.0 million in the first half of the year (previous year: €57.5 million) and, with gross profit of €52.9 million (previous year: €45.7 million), achieved a gross profit margin of 80.1 percent. In the Trading Division, sales in the first half of the year amounted to € 430.5 million (previous year: € 419.7 million) and gross profit of € 73.5 million (previous year: € 63.9 million) resulted in a gross profit margin of 17.1 percent.
Challenging environment expected in the second half of the year In view of the additional costs from the efficiency and profitability program and the M+A costs, as well as the difficult economic environment in the CANCOM Group’s core market, the Executive Board has adjusted the forecast for the CANCOM Group accordingly with the announcement of the preliminary figures on 1 August. The Executive Board assumes the following development of the CANCOM Group for 2023: CANCOM Group Updated forecast Revenue €1,520 to €1,580 million Gross profit €560 to 610 million EBITDA €116 to 126 million EBITA €67 to 75 million |
Dr. Jakob Jung ist Chefredakteur Security Storage und Channel Germany. Er ist seit mehr als 20 Jahren im IT-Journalismus tätig. Zu seinen beruflichen Stationen gehören Computer Reseller News, Heise Resale, Informationweek, Techtarget (Storage und Datacenter) sowie ChannelBiz. Darüber hinaus ist er für zahlreiche IT-Publikationen freiberuflich tätig, darunter Computerwoche, Channelpartner, IT-Business, Storage-Insider und ZDnet. Seine Themenschwerpunkte sind Channel, Storage, Security, Datacenter, ERP und CRM.
Dr. Jakob Jung is Editor-in-Chief of Security Storage and Channel Germany. He has been working in IT journalism for more than 20 years. His career includes Computer Reseller News, Heise Resale, Informationweek, Techtarget (storage and data center) and ChannelBiz. He also freelances for numerous IT publications, including Computerwoche, Channelpartner, IT-Business, Storage-Insider and ZDnet. His main topics are channel, storage, security, data center, ERP and CRM.
Kontakt – Contact via Mail: jakob.jung@security-storage-und-channel-germany.de