Cancom sees EBIT surge almost 50 per cent in Q3, as reseller raises 2021 expectations

The Munich-HQ reseller’s figures were driven by improved service business and high-margin trading business

Kelsey Rees
clock • 2 min read
Cancom sees EBIT surge almost 50 per cent in Q3, as reseller raises 2021 expectations

Cancom has reported a significant jump in its EBIT for the third quarter of 2021 owing to improved sales and margins in the service business as well as a very good margin in the sale of hardware and software. Group revenues were up 5.6 per cent to €302.6m in Q3, while EBIT spiked 44.6 per cent to €20.7m. "In view of the market environment with weaker GDP forecasts and the well-known delivery bottlenecks for hardware, it is once again clear that the megatrend towards digitisation is unbroken...

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