India, July 31 -- Cancom SE (CNCXY.PK), a German IT services manager, cut its financial forecast for 2025 due to ongoing customer hesitancy and subdued market demand.
During the second quarter, business fell short of expectations. Based on preliminary data, revenue for the first half of 2025 reached approximately 803.8 million euros, compared to 835.3 million euros in the first half of 2024. EBITDA is expected to be around 36.7 million euros, down from 55.5 million euros last year, while EBITA is projected at roughly 10.1 million euros, a decline from 28.7 million euros in the previous year.
Looking ahead for fiscal year 2025, the company now forecasts revenue between 1.650 billion euros and 1.750 billion euros, revised from the previous ...