EQS-Adhoc: CANCOM SE: Conclusion of the contribution and execution agreement for the acquisition of KBC Beteiligungs GmbH; update of the forecast for the financial year 2023 in the course of consolidation

EQS-Ad-hoc: CANCOM SE / Key word(s): Change in Forecast/Merger CANCOM SE: Conclusion of the contribution and execution agreement for the acquisition of KBC Beteiligungs GmbH; update of the forecast for the financial year 2023 in the course of consolidation 25-May-2023 / 12:07 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. CANCOM SE: Conclusion of the contribution and execution agreement for the acquisition of KBC Beteiligungs GmbH; update of the forecast for the financial year 2023 in the course of consolidation Munich, Germany, 25 April 2023 - With today's conclusion of the contribution agreement and the execution agreement with the shareholders of KBC Beteiligungs GmbH, CANCOM SE has successfully completed the key step in the acquisition of KBC Beteiligungs GmbH (see ad hoc announcement dated 24 April 2023 on the conclusion of the agreement on the acquisition of KBC Beteiligungs GmbH). The Executive Board now assumes that the date of initial consolidation of KBC Beteiligungs GmbH will be 1 June 2023. In the course of the consolidation of the KBC Beteiligungs Group, the Executive Board of CANCOM SE now expects the development of the CANCOM Group to deviate from the most recent forecast confirmed in the interim statement for the first quarter and is updating the forecast for the CANCOM Group for the 2023 financial year accordingly. The Executive Board now forecasts the following development of the CANCOM Group in the current financial year:  CANCOM Group   Updated forecast 2023 Revenue  €1,630 - 1,700 million  (previously €1,320 - 1,390 million) Gross profit* €580 - 610 million (previously €460 to 485 million) EBITDA* €131 - 141 million (previously €114 - 124 million) EBITA* €80 - 90 million (previously €70 - 80 million) Notifying company: CANCOM SE, Erika-Mann-Straße 69, 80636 Munich, Germany ISIN DE0005419105, Frankfurt Stock Exchange (SDAX, TecDAX, Prime Standard) Contact / Notifying Person: Florian Mangold, Specialist Investor Relations [phone] [e-mail] * Note on Alternative Performance Measures (APM): The definitions of the alternative performance indicators gross profit, EBITDA and EBITA used in this report are published in the CANCOM SE Annual Report 2022 on page 16. End of Inside Information Information and Explanation of the Issuer to this announcement: About CANCOM As a Hybrid IT Service Provider, CANCOM accompanies organizations into the digital future. CANCOM supports customers to simplify complex enterprise IT and increase their business success through the implementation of modern technology. In order to comprehensively meet the IT needs of companies, organizations, and the public sector, CANCOM delivers tailor-made IT end to end from a single source. The CANCOM Group’s range of IT solutions includes consulting, implementation, services, and the management of IT systems. Customers benefit from the extensive expertise as well as a holistic and innovative portfolio that covers the IT requirements that are necessary for a successful digital transformation. As a hybrid IT integrator and service provider, the Company provides an integrated range of services and solutions including business solutions and managed services, such as cloud computing, analytics, enterprise mobility, IT security, hosting, and as-a-service offerings. With more than 4,000 employees, CANCOM Group and its efficient partner network ensure market presence and customer proximity in Germany, Austria, Switzerland and Belgium. The CANCOM Group is led by Rüdiger Rath (CEO) and Thomas Stark (CFO). The company is headquartered in Munich, Germany. CANCOM generated revenue of around € 1.3 billion in the financial year 2022. Its parent company CANCOM SE is listed in the SDAX and TecDAX of the Frankfurt Stock Exchange (ISIN DE0005419105).   25-May-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com

Language:	English
Company:	CANCOM SE
	Erika-Mann-Straße 69
	80636 Munich
	Germany
Phone:	+49-(0)89/54054-0
Fax:	+49-(0)89/54054-5119
E-mail:	[e-mail]
Internet:	http://www.cancom.de
ISIN:	DE0005419105
WKN:	541910
Indices:	SDAX, TecDAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1641997

End of Announcement	EQS News Service

1641997  25-May-2023 CET/CEST