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On September 16, 1999, CANCOM began a new chapter in its still young 7-year corporate history with its IPO. Today, CANCOM looks back on its successful 20-year performance on the Frankfurt Stock Exchange. In addition to the TecDAX, CANCOM made the leap into the MDAX in August 2019, almost exactly 20 years after the initial listing on September 16, 1999.
"Since the IPO, we have transformed from a traditional systems house into a Leading Digital Transformation Partner. As an IT solution provider, we can offer our customers the latest concepts that are necessary for their successful digital transformation," added Thomas Volk, CANCOM's CEO.
CANCOM initially listed on the trading floor of the Frankfurt Stock Exchange, as CANCOM IT Systeme AG on 16 September 1999. Back then the original share price was DM 21.50 and the total market value of the company around EUR 20 million. Since launching, the CANCOM story has been one of success. At the time of its admission to the MDAX, CANCOM SE's market capitalization amounted to approximately EUR 1.9 billion, its highest value to-date.
Over the years CANCOM has seen steady growth, expanding its customer base and range of IT services. The first locations outside of Germany signalled a growing international market presence. In 2013, CANCOM AG was renamed CANCOM SE, a European stock corporation, further underscoring the company's intention to internationalize. In 2016, consolidated sales exceeded the one-billion-euro mark for the first time.
Today, CANCOM employs more than 3,500 people internationally at more than 40 locations, including Germany, Austria, Switzerland, Belgium, Slovakia, Great Britain and the USA. In 2018, CANCOM generated annual sales of around EUR 1.4 billion.
"The successful development of our company was made possible by the strong trust of our customers, but above all by the special dedication and commitment of our employees. Thanks to their achievements, CANCOM is now one of the 90 most valuable listed companies in Germany - and we can all be very proud of that," CEO Thomas Volk concluded.