DGAP-News: CANCOM aims for another record year after half year results 2013
(firmenpresse) - DGAP-News: CANCOM SE / Key word(s): Half Year Results
CANCOM aims for another record year after half year results 2013
13.08.2013 / 12:50
---------------------------------------------------------------------
Strong second quarter and half year results above previous year's level
reported.
- Group revenues q2/2013: EUR 140.0 million (+10.2 percent)
- Group EBITDA q2/2013: EUR 7.8 million (+21.9 percent)
- Incoming orders and invoice July 2013 significantly above previous year's
level
Munich, Germany, 13 August 2013 - With publishing provisional figures for
the first half of 2013 CANCOM SE continued growing in revenues and profits
year-on-year. Especially the second quarter grew more dynamically and
therefore q2's profit showed significant double-digit growth compared to
the previous year.
In detail, the group's consolidated sales revenues for q2 were up to EUR
140.0 million compared to EUR 127.0 million in 2012. This is equivalent to
an increase of 10.2 percent. The main reason for this was our high use of
resources in the consulting business in the second quarter, as well as the
further expansion of the trading business. Group gross profit improved by
13.9 percent from EUR 40.2 million to EUR 45.8 million. Consolidated EBITDA
for the second quarter was EUR 7.8 million, 21.9 percent higher than the
figure of EUR 6.4 million recorded in q2/2012. Respectively the EBITDA
margin is 5.6 percent as compared with 5.0 percent in 2012 and shows the
group's increased profitability. Consolidated EBIT was up 10.2 percent from
EUR 4.9 million to EUR 5.4 million. The consolidated EBT figure for q2 is
EUR 5.2 million, compared with EUR 4.4 million in the second quarter of
2012 - a plus of 18.2 percent. In total, Group earnings per share from
continuing operations were EUR 0.32 for the second quarter 2013 compared to
EUR 0.28 in 2012.
For the first six months of the current financial year the group's
consolidated sales revenues reached EUR 275.1 million compared to EUR 268.1
million in the previous year. This shows an organic growth of 2.6 percent.
Consolidated gross profit improved by 8.7 percent to EUR 89.6 compared to
EUR 82.4 in the same period of the previous year. Consolidated EBITDA was
EUR 14.8 million, about 10.4 percent higher than the figure of EUR 13.4
million recorded in the first half of 2012. The EBITDA margin was up from
5.0 percent in 2012 to 5.4 percent. Group EBIT was EUR 10.3 million and
approximately at previous year's level. Consolidated EBT for the first half
of 2013 amounts to EUR 9.8 million compared to EUR 9.2 million in the first
half of 2012 - an increase of 6.5 percent. Earnings per share from
continuing operations rose by 9.3 percent from EUR 0.54 to EUR 0.59.
In contrast to the classical project business, the implementation of cloud
projects does not often result in immediate sales and earnings.
Nevertheless, once these projects have been completed, these customer
services generate a long term safe and steady cash flow for CANCOM. Hence
the growing business with cloud solutions will lead to a shift in revenues
and profits in the short term. On a long term basis we expect this business
to increase the Group's profitability. In spite of this effect and run-up
costs for projects, revenues and profit for q2/2013 outperformed the
previous year significantly.
Sound balance sheet and comfortable liquidity status
The nominal equity capital has been increased from EUR 80.8 million to EUR
83.7 million since the start of the year, mainly through transfers to net
profits. Overall, this resulted in an equity ratio of 46.8 percent at 30
June 2013, compared with 38.7 percent as at 31 December 2012. 'Our
comfortable liquidity status supports future growth and gives enough
flexibility for acquisitions', so CANCOM CEO Klaus Weinmann.
Outlook
With a very good July the second half of the financial year 2013 had a
promising start. Incoming orders and invoice in July 2013 are significantly
above previous year's level. Against the background of the group's positive
performance in the first half and the traditionally strong q4 in the second
half of 2013, the Executive Board currently expects the full year 2013 to
set new record levels in revenues and profits.
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.de
End of Corporate News
---------------------------------------------------------------------
13.08.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
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.de
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
---------------------------------------------------------------------
225594 13.08.2013
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 13.08.2013 - 12:50 Uhr
Sprache: Deutsch
News-ID 287061
Anzahl Zeichen: 4243
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 210 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: CANCOM aims for another record year after half year results 2013"
steht unter der journalistisch-redaktionellen Verantwortung von
CANCOM SE (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
