Germany's CANCOM shrinks FY23 guidance after 'one-time' hit to earnings

German IT service provider CANCOM Group has backtracked on its full-year 2023 guidance following a "one-time" burden to its EBITDA and EBITA. Last year the reseller downgraded its FY22 forecast, predicting revenues in the range of €1.280bn to €1.330bn and ended up reporting revenues of €1.292bn for its full-year 2022 results.  For the second quarter of 2023, the group achieved revenue growth of 10.2 per cent to €329.4m (£284.8), based on the preliminary figures (prior year: €298.8m).  ...