- Rudolf Hotter (CEO), Thomas Stark (CFO) and the new member of the Executive Board Rüdiger Rath (COO) presented at CANCOM SE's virtual Capital Markets Day.
- Vision 2025: Executive Board sees potential for consolidated revenue of EUR 2.5 billion, consolidated EBITDA of EUR 275 million and Annual Recurring Revenue of EUR 450 million.
- New sustainability strategy includes net zero target for carbon dioxide emissions in 2027.
Munich, Germany, 29 November 2021 - CANCOM SE, the parent company of the CANCOM Group, held its virtual Capital Markets Day today. The Executive Board explained to the participating investors and analysts the key points of the existing corporate strategy - the transformation to System House 4.0 - as well as a new Vision 2025 following the successful sale of the business activities in the United Kingdom and Ireland. With Vision 2025, the Executive Board concretises the growth potential of the CANCOM Group, which is to be realised through the further development of the business model and company acquisitions in the DACH region. Rudolf Hotter, CEO of CANCOM SE, cited consolidated revenue of EUR 2.5 billion, EBITDA of EUR 275 million and Annual Recurring Revenue of EUR 450 million as guidelines for the company's medium-term development.
"We see great development potential in the current market environment and the evolution of IT towards cloud-based hybrid environments. We have an excellent offering in the crucial future topics of cybersecurity, data analytics, cloud managed services, hybrid infrastructures and mobile working, as well as a well-filled bank account for M&A. Consequently, we are aiming for a very dynamic corporate development in the coming years," said Rudolf Hotter, CEO of CANCOM SE.
In addition to this ambitious vision and the key principles for its implementation, the new CANCOM sustainability strategy was presented. For the first time, this strategy sets transparent, measurable targets for various indicators in the areas of environment, social responsibility and governance. Among other things, CANCOM is committed to achieving a net zero target for carbon dioxide emissions from direct business activities by the end of the 2027 financial year at the latest.
Videos of the presentations by Rudolf Hotter, Thomas Stark and Rüdiger Rath as well as the associated presentations of the Capital Markets Day 2021 will be published on the website www.cancom.de in the section Investors > Presentations & Events.
As a Digital Transformation Partner, 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, Belgium and the USA. The CANCOM Group is led by Rudolf Hotter (CEO), Thomas Stark (CFO) and Rüdiger Rath (COO). The company is headquartered in Munich. CANCOM generated revenue of around EUR 1.2 billion in the financial year 2020. Its parent company CANCOM SE is listed in the MDAX and TecDAX of the Frankfurt Stock Exchange (ISIN DE0005419105).
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Cancom SE published this content on 29 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 November 2021 13:40:07 UTC.