Proact: German market continues to be challenging - ABG
Cancom Q2 PW and cut FY'25 EBITA guidance by -25%, stock -8% Blames reluctant customers, and particularly weak Germany Germany is 16% for Proact, we expect no quick recovery
ANNONS
Another profit warning from Cancom
German listed peer Cancom PW'd for Q2 yesterday evening and cut its FY'25 guidance on sales by -4% and EBITA by -25%. It blames "continued reluctancy of customers to buy", especially in its core market Germany. Q2 revenues were flat y-o-y, -3% vs FactSet cons but better than the -7% in Q1, while the new FY sales guidance implies -2% growth vs 2024 (vs previously +2% and FactSet cons at +1%). Stock -8% today.
