DGAP-News: CANCOM AG: full report for 2011 and outlook for q1/2012
(firmenpresse) - DGAP-News: CANCOM AG / Key word(s): Final Results
CANCOM AG: full report for 2011 and outlook for q1/2012
27.03.2012 / 09:53
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CANCOM AG: full report for 2011 and outlook for q1/2012
- Consolidated sales: EUR 544.4 million (+14.7 % y-o-y)
- Consolidated EBITDA: EUR 25.0 million (+31.6 % y-o-y)
- Consolidated EBIT: EUR 18.5 million (+21.7 % y-o-y)
- Earnings per share: EUR 1.14 (+ 23.9 % y-o-y)
Munich, Germany, 27 March 2012 - The IT systems house CANCOM has today
published the full report for the financial year 2011. The CANCOM Group,
among the Top 3 of the German systems houses, showed consolidated sales of
EUR 544.4 million after EUR 474.6 million in 2010, which is equivalent to a
plus of 14.7 % year-on-year. Sales generated in the segment e-commerce were
up 10.5 % to EUR 188.4 million, sales generated in the IT solutions segment
rose up 17.1 % to 356.4 million. Consolidated gross profits increased by
11.5 % from EUR 142.9 million to EUR 159.3 million.
Consolidated EBITDA rose 31.6 % from EUR 19.0 million to EUR 25.0 million,
with consolidated EBIT up 21.7 % from EUR 15.2 million to EUR 18.5 million.
Overall, CANCOM's consolidated income for the year amounts to EUR 11.7
million following EUR 7.9 million in 2010, which results in earnings per
share from continuing operations of EUR 1.14 (previous year: EUR 0.92).
'For CANCOM, 2011 was the best financial year in the history of the now
20-year-old company,' says CANCOM CEO Klaus Weinmann. 'This provides us
with a good basis both for further growth and for a sustainable dividend
policy.' On behalf of the Executive Board of CANCOM AG, he would especially
like to thank the more than 2,000 committed employees of the CANCOM Group.
As already announced, with the presentation of the financial statement 2011
the Management Board of CANCOM AG has decided to double the dividend from
EUR 0.15 to EUR 0.30 per share.
Over the course of the year 2011, the nominal equity capital rose from EUR
51.0 million to EUR 60.9 million. Accordingly, the equity ratio improved
from 28.7 % in 2010 up to 31.2 % as at 31 December 2011. Cash and cash
equivalents rose from EUR 31.5 million at the balance sheet date to EUR
44.4 million at the end of the financial year 2011. Operating Cash flow
also increased considerably year-on-year from EUR 16.9 million to EUR 26.7
million.
After the date for presentation of the financial statement 2011 and as part
of a tax audit, an issue subject to a current fiscal court proceeding
submitted, which results in a fiscal one-time effect for CANCOM - not
operating and not effective on EBITDA / EBIT - in the amount of EUR 570.
For this, CANCOM will give notice of opposition with reference to existing
reports and in q1/2012 a provision for prudential reasons will be formed.
Operating business of CANCOM Group started well in 2012. In January the
Group has seen growth in sales of 20 % from EUR 40.2 million up to EUR 48.2
million. February, too, has seen growth of 29 % with EUR 47.6 million
posted as against the same period in the previous year. Accordingly, the
Executive Board of CANCOM expects the current q1/2012 to outperform even
the good previous year's values in sales and profits.
Contact:
Beate Rosenfeld
Manager Corporate Communication
CANCOM AG
Ridlerstraße 37
80339 München
Germany
Tel.: +49 (0) 8225 / 996 1015
Fax: +49 (0) 8225 / 996 4 1015
mail to: beate.rosenfeld(at)cancom.de
www.cancom.de
End of Corporate News
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Language: English
Company: CANCOM AG
Ridlerstraße 37
80339 München
Germany
Phone: +49-(0)8225/996-1000
Fax: +49-(0)8225/996-1033
E-mail: info(at)cancom.de
Internet: http://www.cancom.de
ISIN: DE0005419105
WKN: 541910
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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162377 27.03.2012
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Datum: 27.03.2012 - 09:53 Uhr
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News-ID 128629
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