DGAP-News: CANCOM SE / Key word(s): Preliminary Results/Quarter Results
CANCOM SE with sound business development according to preliminary nine
months figures 2016
31.10.2016 / 17:03
The issuer is solely responsible for the content of this announcement.
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CANCOM SE with sound business development according to preliminary nine
months figures 2016
Group revenues and EBITDA after nine months on growth track compared to
previous year
Preliminary group key figures for nine months at a glance:
- Revenues: Euro 717.7 million (+9.2 percent; 2015: Euro 657.4 million)
- EBITDA: Euro 50.2 million (+22.9 percent; 2015: Euro 40.9 million)
- EBIT: Euro 34.3 million (+40.6 percent; 2015: Euro 24.4 million)
Munich, Germany, 31 October 2016 - CANCOM group shows further growth after
nine months of the current year. According to preliminary figures
consolidated revenues rose to Euro 717.7 million after Euro 657.4 million
in the same period of the previous year. Growth was driven by an increase
of revenues in the group's two operating segments. Preliminary group EBITDA
showed considerable double-digit growth of 22.9 percent compared to the
nine months figure of 2015. Accordingly EBITDA margin for the nine months
period was at strong 7.0 percent versus 6.2 percent in the same period
2015. Preliminary group EBIT for the nine months of 2016 was Euro 34.3
million after Euro 24.4 million in 2015, which is a plus of 40.6 percent.
Also, both business segments IT solutions and cloud solutions developed
positive in the current year. So the IT solutions segment grew by 7.4
percent according to preliminary figures for nine months up to Euro 603.5
million in revenues. The cloud solutions segment grew according to
preliminary figures up to Euro 114.2 million in revenues after Euro 95.3
million in 2015 with an EBITDA for the segment of Euro 22.3 million after
Euro 20.8 million in 2015. From January to September 2016, segment EBITDA
for IT solutions amounted to Euro 37.1 million and Euro 28.2 million for
the same period in 2015. Overall, the Executive Board sees the ongoing
customer demand for enterprise IT solutions especially in growth areas such
as cloud computing, IT security and mobility as driver for the sound
business development of the current year. "Digitization drives IT
investments in various sectors which we believe is a big chance for the
CANCOM group", says CEO Klaus Weinmann.
In the third quarter of the current year the CANCOM group achieved stable
consolidated revenues of Euro 225.5 million according to preliminary
figures. Preliminary group EBITDA and EBIT for the third quarter of 2016
continued to be on a strong level of Euro 17.2 million respectively Euro
11.7 million.
CANCOM will release final figures for the third quarter and for nine months
of the current financial year on 10 November 2016.
About CANCOM
As a Cloud Transformation Partner, systems integrator and managed services
provider, the CANCOM Group delivers a forward-looking, business-oriented
range of solutions, providing significant added value for companies'
business success. Its own AHP enterprise cloud solution makes CANCOM a
first mover in the emerging cloud computing market and allows it to
introduce its customers to the New Way of Computing with analysis,
consulting, implementation and services, making it an IT- and business-
transformation partner for its clients. The internationally active group of
companies with its approximately 2,700 employees worldwide and a powerful
partner network ensure presence and proximity to clients for example in
Germany, Austria, Switzerland, Belgium and the United States, among other
locations. CANCOM SE, which is listed on the TecDAX and based in Munich, is
headed by Klaus Weinmann (founder and CEO) and Rudolf Hotter (COO). The
group achieved annual sales revenues of more than 930 million euros in
2015.
Contact:
Beate Rosenfeld
Manager Corporate Communication & IR
CANCOM SE
Erika-Mann-Straße 69
80636 München
Germany
Phone: +49 (0) 89 / 54054 5193
mail to: beate.rosenfeld@cancom.de
www.cancom.de
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31.10.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
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Archive at www.dgap.de
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Language: English
Company: CANCOM SE
Erika-Mann-Straße 69
80636 Munich
Germany
Phone: +49-(0)89/54054-0
Fax: +49-(0)89/54054-5119
E-mail: info@cancom.de
Internet: http://www.cancom.de
ISIN: DE0005419105, DE0005419105
WKN: 541910, 541910
Indices: TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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516113 31.10.2016
DGAP-News: CANCOM SE with sound business development according to preliminary nine months figures 2016
| Source: EQS Group AG