DGAP-Adhoc: CANCOM SE: Group posts record results for 2013

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News Desk 2018

Mar 18, 2014 at 3:00 PM

CANCOM SE / Key word(s): Dividend/Change of Personnel 18.03.2014 19:54 Dissemination of an Ad hoc announcement according to Â§ 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- CANCOM SE: Group posts record results for 2013 Dividend to be increased to EUR 0.40 per share / Supervisory Board Nominations Committee proposes candidates for Supervisory Board elections Munich, 18 March 2014 - The TecDAX-listed CANCOM Group published its final results for the 2013 financial year today. At the same time, the Supervisory Board adopted the annual financial statements, thus confirming the provisional figures that the Group published on 3 February 2014. The Management Board and Supervisory Board of CANCOM SE have also resolved to submit a dividend proposal of EUR 0.40 per share for the 2013 financial year to the Annual General Meeting, up from EUR 0.35 in the previous year. In the 2013 financial year, the growth of the CANCOM Group outstripped that of the overall economy and the IT market in Germany. Consolidated sales were up 10 % year-on-year from EUR 558.1 million to EUR 613.8 million. 6.7 % of the sales growth was organic. Group gross profit also grew from EUR 166.2 million to EUR 186.5 million (+12.2 %) with an improved gross profit margin of 30.4 % compared with 29.8 % in 2012. This is partly attributable to the increase in service business. Earnings performance was positively impacted by factors including strong business with cloud services in the Private Cloud environment. Consequently, consolidated EBITDA rose from EUR 28.1 million to EUR 33.4 million, an increase of 18.9%. Consolidated EBITA for 2013 totalled EUR 25.5 million compared with EUR 22.2 million in the same period in the previous year (+14.9 %). In terms of earnings per share, CANCOM posts EUR 1.23 for the 2013 financial year, thus exceeding the previous year's figure of EUR 1.15. This includes amortisation effects of EUR 2.9 million. Adjusted for these effects, earnings per share for 2013 would amount to EUR 1.41. Strong balance sheet and sufficient liquidity for further growth During 2013, equity increased significantly from EUR 80.8 million to EUR 162.9 million, resulting in an equity ratio of 50.7% as at 31 December 2013 compared with 38.7% on the 2012 reporting date. With cash and cash equivalents of EUR 77.7 million as at the reporting date as against EUR 44.6 million at the end of the 2012 financial year, the Group has sufficient scope to continue its profitable corporate growth both organically and through acquisitions. As at 31 December 2013, the CANCOM Group had 2,360 employees. With the recently acquired HPM Networks in the USA and Pironet NDH, which will be consolidated from 1 January 2014, CANCOM now has over 2,600 employees. "2013 was the most successful financial year in CANCOM's history, with crucial progress and key events," said CANCOM CEO Klaus Weinmann. "We continued to reinforce our position in the future-relevant growth markets such as cloud computing and IT mobility, both with successful operations and the acquisitions we have made. In addition, we have created the equity base for maintaining our growth in the current financial year". Following the record result in 2013, the CANCOM Group has also made a good start to the 2014 financial year. As it stands, sales and earnings were up on the previous year in January and February. In view of factors such as the acquisitions made in 2013 and 2014, most recently DIDAS Business Services GmbH, as announced today, the Management Board currently expects gross profit and EBITDA for the Group to increase substantially in the 2014 financial year. Forthcoming re-election of the Supervisory Board at the Annual General Meeting on 25 June 2014 At its meeting today, the Supervisory Board Nominations Committee finalised its recommended list of candidates for the forthcoming Supervisory Board re-election to be proposed to the Annual General Meeting. The existing Supervisory Board members Stefan Kober, Walter Krejci, Dr Lothar Koniarski and Regina Weinmann and the new candidates Uwe Kemm and Dominik Eberle are to be proposed. Should he be elected, the Supervisory Board plans to elect Stefan Kober as its Chairman. The long-serving Supervisory Board Chairman Walter von Szczytnicki is not standing for re-election. The Management Board and Supervisory Board of CANCOM SE would like to thank Mr von Szczytnicki for his many years of faithful and constructive service. Contact: Beate Rosenfeld Manager Corporate Communication & IR CANCOM SE Erika-Mann-StraÃ?e 69 80636 MÃ¼nchen Germany Phone: +49 (0) 89 / 54054 5193 mail to: beate.rosenfeld@cancom.de www.cancom.de 18.03.2014 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-StraÃ?e 69 80636 MÃ¼nchen 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 WKN: 541910 Indices: TecDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, DÃ¼sseldorf, Hamburg, MÃ¼nchen, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------

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