DGAP-Ad-hoc: CANCOM SE / Key word(s): Dividend
CANCOM SE: Executive Board proposes dividend of EUR 0.75 per share

01-March-2021 / 18:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

With the decision to increase the dividend by 50 percent compared to the previous year, the Executive Board of CANCOM SE aims to ensure that shareholders participate appropriately in the positive development of the company in the 2020 financial year. 'In the fourth quarter of 2020 in particular, we have shown that CANCOM is in the right market at the right time with its portfolio,' explains Rudolf Hotter, CEO of CANCOM. 'Despite Corona, we were able to outperform the financial year 2019 in terms of revenue and earnings, and in the fourth quarter we achieved the best margin in the company's history thanks to strong service revenues.' The CANCOM CEO sees this as confirmation of the company's strategic direction. 'With our broad managed service business and growing as-a-service portfolio, we are ideally equipped for the future,' Hotter said.

CANCOM SE's Supervisory Board still has to approve the dividend proposal before it can be submitted to the upcoming Annual General Meeting for a decision.

CANCOM Group's full annual report for 2020, including the forecast for 2021, will be published in the Investors section of www.cancom.de on 30 March 2021.

 

About CANCOM
As a digital transformation partner, CANCOM accompanies companies into the digital future. CANCOM helps customers to reduce the complexity of their IT and to expand their business success by using state-of-the-art technology. In order to meet the IT requirements of companies, organizations and the public sector holistically, CANCOM offers tailor-made IT from A to Z from a single source.

The CANCOM Group's IT solutions offer includes consulting, implementation, services and the operation of IT systems. Customers benefit from CANCOM's extensive expertise and an integrated and innovative portfolio that covers the IT requirements of companies for successful digital transformation. As a hybrid IT integrator and service provider, the company provides a range of services and solutions that includes business solutions and managed services such as cloud computing, analytics, enterprise mobility, IT security, hosting and as-a-service offerings.

The more than 4,000 employees of the internationally active CANCOM Group worldwide and an efficient partner network ensure market presence and customer proximity in Germany, Austria, Switzerland, Belgium, Great Britain and the USA, among other countries. The CANCOM Group is managed by Rudolf Hotter (CEO) and Thomas Stark (CFO). The company's headquarters are in Munich. CANCOM generates an annual turnover of approximately EUR 1.7 billion and the parent company CANCOM SE is listed on the Frankfurt Stock Exchange in the MDAX and TecDAX (ISIN DE0005419105).

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