Cancom shares fall as growth slows in Q4

Cancom has closed 2019 with double-digit revenue and profit growth, preliminary figures show. The German reseller giant's unaudited numbers for FY2019 show revenues of €1.64bn, up 18.9 per cent year on year and an EBITDA of €134m, up 16.7 per cent. The last three months of the year delivered 12 per cent revenue growth year on year to €463.6m, while profits grew by 10 per cent to €40.2m. While Q4 is another quarter of stellar financials for the Munich reseller, its growth is markedly slower...