Above all, better availability of IT components gives the MDAX group CANCOM hope of achieving the annual forecast lowered in May. In the second quarter, however, things did not go well, sales fell by almost two percent to around 299 million euros due to delivery problems, as the company said on Thursday. The Munich-based company also achieved around eight and a half percent less in earnings before interest, taxes, depreciation and amortization (Ebitda) and thus almost 25 million euros.
The bottom line is that the profit attributable to the shareholders fell by around a quarter to 8.9 million euros. According to the information, the situation improved as early as June. “In the first half of 2022, we struggled with very difficult conditions and were therefore unable to convert the potential of our record high order backlog into growth,” said CEO Rudolf Hotter. “Since the reluctance of our public clients has dissipated since June and relaxation in the IT supply chain is noticeable, we are seeing a trend reversal in sales development.”
In XETRA trading, the CANCOM shares are sometimes 1.35 percent higher at EUR 34.52. /men/eg
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