DGAP-News: CANCOM: Increase in profit within the first quarter of 2013
(firmenpresse) - DGAP-News: CANCOM SE / Key word(s): Quarter Results
CANCOM: Increase in profit within the first quarter of 2013
15.05.2013 / 11:43
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Munich, Germany, 15 March 2013 - With the publication of the three-month
report 2013 CANCOM has confirmed the provisional business results of the
first quarter. The IT-group was able to top the very good figures of the
previous year by achieving new records on gross profit and earnings per
share, despite a slightly lower turnover.
In the first quarter of 2013 CANCOM Group achieved revenues of EUR 135.1
million after EUR 141.1 million in the first quarter of 2012. The decline
amounting to 4.2 % was mainly due to a positive prior year effect, in which
the revenue recognition of a project, under a financial point of view, has
been deferred from 2011 to the first quarter of 2012. In addition the first
quarter of 2013 had fewer working days than the first quarter of 2012 due
to the Easter holidays. 'Taking into account the extremely good quarter of
last year and the described effects of the first quarter of the ongoing
business year we are very satisfied with the results achieved. After a
weaker January and February which reflected the subdued economic situation
March offered a positive surprise,' explains Klaus Weinmann, CEO of CANCOM.
Due to the successful expanding of higher-margin services business, the
Group's gross profit could be raised by 4.0 % up to EUR 43.8 million in the
first quarter of 2013, in comparison to EUR 42.1 million in the first
quarter of 2012.
The consolidated EBITDA of EUR 7.0 million of the first quarter of 2013 is
at the same level with the preceding year's amount of EUR 7.0 million.
Because of that, EBITDA margin raised up to 5.2 % after 5.0 % in the first
quarter of 2012.
Consolidated EBIT decreased by 9.4 % to EUR 4.8 million in comparison to
EUR 5.3 million in the first quarter of 2012. This was caused by increased
depreciation resulting from investments made, especially the CANCOM Cloud
data center in Munich as well as the improvements of ERP Systems and
eSupplyChain.
The profit for this period from continuing operations raised by 14.3 % from
EUR 2.8 million in the first quarter of 2012 to EUR 3.2 million in the
first quarter of 2013. In the previous year the profit for the period was
affected by special tax effects. For the first three month of this
financial year the CANCOM Group in total reports earnings per share in the
amount of EUR 0.28 after EUR 0.26 Euro in 2012.
As at 31 March 2013 the results of the CANCOM Group shows an ongoing sound
asset and financial structure. The liquid assets amounted to EUR 16.3
million on the closing date by further lowered financial liabilities. As at
31 March 2013 the equity capital rose from EUR 63.3 million to EUR 84.0
million taking into account last year's capital increase. The equity ratio
increased correspondingly from 35.1 % to 46.5 %.
As at 31 March 2013 CANCOM employed over 2,034 people in Germany and
Austria. The Group plans to further expand the higher-margin service
business. In order to score points with the customers using currently
highly demanded solution themes CANCOM relies on highly qualified employees
for sales and consulting.
'With the results of the first quarter we managed a good start in the
current business year', explains Klaus Weinmann, CEO of CANCOM. Due to
know how, many years ofexperience and proven solution skills especially
in the future market cloud computing with our personal cloud solution, the
CANCOM AHP Private Cloud, the Executive Board is confident that it will be
able to further expand CANCOM's market share. Awarded as Cloud Leader 2013
by the Experton Group at the Cloud Vendor Benchmark 2013 CANCOM offers an
excellent portfolio and an above-average competitive strength within the
cloud computing environment.
As reported, in addition the Executive Board is confident to complete three
big CANCOM AHP private cloud projects with reputable customers in the
second quarter of the current financial year.
Contact:
Beate Rosenfeld
Manager Corporate Communication
CANCOM SE
Erika-Mann-Straße 69
80636 München
Germany
Phone: +49 (0) 89 / 54054 5193
mail to: beate.rosenfeld(at)cancom.de
www.cancom.com
End of Corporate News
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Language: English
Company: CANCOM SE
Erika-Mann-Straße 69
80636 München
Germany
Phone: +49-(0)89/54054-0
Fax: +49-(0)89/54054-5119
E-mail: info(at)cancom.de
Internet: http://www.cancom.com
ISIN: DE0005419105
WKN: 541910
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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