Cancom SE/€COK

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About Cancom SE

Cancom SE is a Germany-based company that operates in the information technology (IT) services industry. It provides a range of IT solutions, including cloud-based services, IT consulting, and systems integration. Key offerings of Cancom encompass managed services and the design and implementation of IT infrastructure for various businesses across different sectors. The company was founded in 1992 and is headquartered in Munich, Germany. Cancom's strategic strength lies in its integrated service platform, which combines different IT services to meet the complex needs of its clients. Additionally, its geographic presence extends throughout Europe, allowing it to serve a diverse client base.
Ticker
€COK
Sector
Business services
Primary listing
XETRA
Employees
5,216
Headquarters
Munich, Germany

Cancom SE Metrics

BasicAdvanced
€660M
18.67
€1.23
1.05
€1.00
4.37%

Bulls say / Bears say

Profitability is improving faster than revenue. In H1 2026, EBITDA rose 34% to €49.2 million and the gross margin widened to 44.2%, showing that the cost and efficiency programme is working. (CANCOM)
CANCOM has exposure to durable demand for AI, cybersecurity, cloud and data sovereignty, while longer contracts can make revenue more predictable. Its five-year extension and expansion of the Viridium managed-services agreement, including a move to CANCOM Cloud, is tangible evidence of this strategy. (CANCOM, CANCOM)
The shares offer potential upside if the earnings recovery continues. Deutsche Bank retained a Buy rating in August 2026 and set a €32 target against a reported market price of €22.25. (MarketScreener)
Top-line momentum remains weak. H1 2026 revenue fell 3.5% year on year to €775.9 million, as customers delayed investment decisions; the International segment also recorded lower revenue and EBITDA. (CANCOM)
The 2026 outlook is exposed to hardware supply and pricing shocks. CANCOM warned about component availability and significant price increases, while a weak economic backdrop and postponed projects could reduce demand for IT equipment and services. (CANCOM, MarketScreener)
The profit recovery is still fragile at the bottom line. In Q2 2026, revenue fell to €370.6 million from €396.2 million, while net income was only €3.5 million, leaving limited room for further project delays or cost pressure. (MarketScreener)
Data summarised monthly by Lightyear AI. Last updated on 16 Sept 2026.

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Market data provided by CBOE Europe and Deutsche Börse.