CANCOM SE (FRA:COK) EQS-Adhoc: CANCOM SE: Conclusion of the contribution and execution agreement for the acquisition of KBC Beteiligungs GmbH; update of the forecast for the financial year 2023 in the course of consolidation
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EQS-Ad-hoc: CANCOM SE / Key word(s): Change in Forecast/Merger CANCOM SE: Conclusion of the contribution and execution agreement for the acquisition of KBC Beteiligungs GmbH; update of the forecast for the financial year 2023 in the course of consolidation Munich, Germany, 25 April 2023 - With today's conclusion of the contribution agreement and the execution agreement with the shareholders of KBC Beteiligungs GmbH, CANCOM SE has successfully completed the key step in the acquisition of KBC Beteiligungs GmbH (see ad hoc announcement dated 24 April 2023 on the conclusion of the agreement on the acquisition of KBC Beteiligungs GmbH). The Executive Board now assumes that the date of initial consolidation of KBC Beteiligungs GmbH will be 1 June 2023. In the course of the consolidation of the KBC Beteiligungs Group, the Executive Board of CANCOM SE now expects the development of the CANCOM Group to deviate from the most recent forecast confirmed in the interim statement for the first quarter and is updating the forecast for the CANCOM Group for the 2023 financial year accordingly. The Executive Board now forecasts the following development of the CANCOM Group in the current financial year:
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* Note on Alternative Performance Measures (APM): End of Inside Information Information and Explanation of the Issuer to this announcement: About CANCOM As a Hybrid IT Service Provider, CANCOM accompanies organizations into the digital future. CANCOM supports customers to simplify complex enterprise IT and increase their business success through the implementation of modern technology. In order to comprehensively meet the IT needs of companies, organizations, and the public sector, CANCOM delivers tailor-made IT end to end from a single source. The CANCOM Group’s range of IT solutions includes consulting, implementation, services, and the management of IT systems. Customers benefit from the extensive expertise as well as a holistic and innovative portfolio that covers the IT requirements that are necessary for a successful digital transformation. As a hybrid IT integrator and service provider, the Company provides an integrated range of services and solutions including business solutions and managed services, such as cloud computing, analytics, enterprise mobility, IT security, hosting, and as-a-service offerings. With more than 4,000 employees, CANCOM Group and its efficient partner network ensure market presence and customer proximity in Germany, Austria, Switzerland and Belgium. The CANCOM Group is led by Rüdiger Rath (CEO) and Thomas Stark (CFO). The company is headquartered in Munich, Germany. CANCOM generated revenue of around € 1.3 billion in the financial year 2022. Its parent company CANCOM SE is listed in the SDAX and TecDAX of the Frankfurt Stock Exchange (ISIN DE0005419105).
25-May-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | CANCOM SE |
| Erika-Mann-Straße 69 | |
| 80636 Munich | |
| Germany | |
| Phone: | +49-(0)89/54054-0 |
| Fax: | +49-(0)89/54054-5119 |
| E-mail: | info@cancom.de |
| Internet: | http://www.cancom.de |
| ISIN: | DE0005419105 |
| WKN: | 541910 |
| Indices: | SDAX, TecDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1641997 |
| End of Announcement | EQS News Service |
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1641997 25-May-2023 CET/CEST