Q1 2020 Cancom SE Earnings Call Transcript

Mar 03, 2024

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Jun 18, 2020 / 02:00PM GMT
Operator

Good afternoon, ladies and gentlemen, and welcome to the earnings call of CANCOM SE. (Operator Instructions)

Let me now turn the floor over to Mr. Bucher, Manager of Investor Relations.

Sebastian Bucher - Cancom SE - Manager of IR

Ladies and gentlemen, welcome to today's Earnings Call on the Results of the First Quarter 2020 of CANCOM Group. My name is Sebastian Bucher. I manage Investor Relations at CANCOM. And with me today are Mr. Rudi Hotter, our CEO; and Mr. Tom Stark, our CFO. Both will be available for questions after the presentation.

Without further ado, I would like to hand over to Rudi.

Rudolf Hotter - Cancom SE - CEO & Member of Management Board

Hello, group. Hello, together. Significant events in Q1 2000 (sic) [2020]. Q1 with a strong growth in revenue, especially driven by client hardware and software. EBITDA margin decreased due to product mix and special negative one-off effect from severance payments.

Cloud Solutions. Our annual recurring revenue stays on a very strong

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