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      The European MSP Innovation Awards by Channel Partner Insight are designed to honour the vendors, distributors and MSPs across Europe who are leading the way in managed services and winning at a time of unprecedented disruption and change in the channel.

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  • Hot Topics
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  • Trends to shape the channel in 2020
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  • Managed Services

Cancom shares fall as growth slows in Q4

German giant’s CEO says reseller will use FY2019 growth to fund transformation to high-margin managed services

Cancom shares fall as growth slows in Q4
  • Nima Green
  • Nima Green
  • 06 February 2020
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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...

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