DGAP-News: CANCOM shows considerable increase of sales and profits in the third quarter of 2011
(firmenpresse) - DGAP-News: CANCOM AG / Key word(s): Quarter Results
CANCOM shows considerable increase of sales and profits in the third
quarter of 2011
10.11.2011 / 13:45
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The figures of the first nine months of 2011 are as follows:
- Sales EUR 387.0 million up 18.4 percent year-on-year
- EBITDA 17.6 million means growth of 64.5 percent
- EBIT 12.8 million up 62.0 percent year-on-year
- Earnings per share 0.75 Euro compared to 0.47 Euro in 2010
Munich, Germany, 10th November 2011 - CANCOM Group has now confirmed its
sustainable and solid growth by the publication of the 9-monts report 2011.
The IT systems integrator, ranked among the German Top 3 systems
integrator, thus achieved the strongest earnings before interest and taxes
(EBITDA) in a quarterly comparison in the course of the current year.
The group's consolidated sales revenues from January till September were up
18.4 percent year-on-year to EUR 387.0 (previous year: EUR 326.8 million).
In the same period, the consolidated gross profit was up 14.6 percent, from
EUR 102.3 million to EUR 117.2 million. Consolidated EBITDA in the first
nine months of 2011 rose by 64.5 percent from EUR 10.7 million up to EUR
17.6 million. This is equivalent to an EBITDA margin of 4.5 percent after
3.3 percent in 2010. Consolidated EBIT also grew up 62.0 percent
year-on-year to EUR 12.8 million as compared to EUR 7.9 million in the
first nine months of 2010.
The Group revenue for the third quarter rose by 10.7 percent from EUR 122.4
million to EUR 135.5 million in Q3/2010. Thereof 9.5 percent in Q3 was due
to organic growth. Consolidated gross profit improved 13.4 percent in this
period from EUR 35.2 million to EUR 39.9 million. Consolidated EBITDA went
up 41.7 percent from EUR 4.8 million to EUR 6.8 million, consolidated EBIT
from EUR 3.9 million to EUR 5.1 million (up 30.8 percent). The CANCOM
Executive Board considers the continuing business demand responsible for
the jump in revenues and profits, fostering especially the trading and
project business. Futhermore the service business has benefited from a high
utilization of the consultants.
The Group's net profit of the period for q3 grew up 53.8 percent
year-on-year from EUR 2.6 million to EUR 4.0 million. This results in
earnings per share from continuing operations of EUR 0.31 in the third
quarter of 2011 (q3 2011: EUR 0.24) and EUR 0.75 for the first nine months
of the current financial year.
CANCOM Group enjoys a solid financial basis for the further growth with an
equity ratio of 37.2 percent as at 30 September 2011 and comfortable cash
reserves.
Outlook for q4 and the full year 2011
The CANCOM Executive Board is optimistic to maintain the course of ongoing
growth in revenues and profits for the full year 2011, due to the positive
development in the first nine months and the good start in q4. This
estimate is based on sustained strong demand, the Group's good positioning
in the growth market of cloud computing and its focus on the higher-margin
business-to-business segment.
Contact:
Beate Rosenfeld
Corporate Communication Specialist
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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10.11.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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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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