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Deutsche Börse (German Stock Exchange) announced on August 26 that CANCOM SE will be elevated to the MDAX stock index on August 29. This sets another milestone in more than 25 years of company history. It puts the provider of Hybrid IT infrastructure and Managed Services as one of the 90 most valuable listed companies in Germany. In addition to the TecDAX, CANCOM is now also listed in the MDAX of the Frankfurt Stock Exchange for the first time.
Since 1992 the IT provider CANCOM has been successfully expanding its business year over year. Today, the internationally active CANCOM Group has more than 3,500 employees at over 40 locations, in the countries of Germany, Austria, Belgium, Great Britain and the USA. In 2018, CANCOM generated annual revenue of around EUR 1.4 billion. Recently CANCOM raised its annual forecast for the current fiscal year 2019 after an extraordinarily successful second quarter.
"We are very pleased to be admitted to the MDAX and consider this as a next step of our continued success", emphasizes Thomas Volk (CEO). "This is primarily due to the loyalty and trust of our customers and the performance of nearly 4,000 employees. We thank everyone contributing to our success, especially our employees, and we will continue to grow through our focus on customer experience and satisfaction.“
The MDAX is a stock index on the Frankfurt Stock Exchange. It comprises of the 60 largest listed companies after the 30 DAX companies. In addition to the MDAX, CANCOM is already listed in the TecDAX, together with the largest technology companies in Germany. CANCOM went public in 1999.