Cancom (ETR:COK) Second Quarter 2024 Results

Key Financial Results

• Revenue: €395.3m (up 20% from 2Q 2023).

• Net income: €7.08m (up 105% from 2Q 2023).

• Profit margin: 1.8% (up from 1.0% in 2Q 2023). The increase in margin was driven by higher revenue.

• EPS: €0.20 (up from €0.095 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cancom Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 13%.

Looking ahead, revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the IT industry in Germany.

Performance of the German IT industry.

The company's shares are down 5.9% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Cancom's balance sheet health.

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