DGAP-News: CANCOM SE with sound business development

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Oct 31, 2016 at 12:15 PM

DGAP-News: CANCOM SE with sound business development according to preliminary nine months figures 2016

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. --------------------------------------------------------------------------- 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 --------------------------------------------------------------------------- 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, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- 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 --------------------------------------------------------------------------- 516113 31.10.2016

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Foodcare Proves Effective in Reducing Blood Sugar Levels

A New Chapter for Diabetes Care: Foodcare Folks, we've got ourselves a game-changer in the world of diabetes care. Listen closely: Foodsmart's latest study, hot off the press from the American Heart Association's Circulation, essentially hands over the blueprint for tackling type 2 diabetes in an innovative fashion. Now, I'm not the type to get all mushy over scientific...

EnGenius Names Experienced VP to Boost Sales Growth

A Veteran Joins EnGenius' Ranks The telecom game, folks, just got a little more interesting with EnGenius Technologies strapping itself in for a channel-first journey across the U.S. and Canada. They've placed a seasoned player, Rachel Saunders, into the cockpit as Vice President of Sales, North America. Her resume reads like a telecom scout's dream: 17 years in electric...

Chad Tucker's Sequel Explores Deep Spiritual Themes

An Honest Take: Faith, Growth, and Surrender A player in the world of spiritual growth literature has stepped up again, and it ain't holding back. Chad Tucker, a name perhaps familiar to folks following transformation tales soaked with faith, has released a beefy sequel to his first hit: The Lord in Us: If You Can Love an Enemy, You Can Love Anyone. Well, now he's back...

Metriport Eyes Major Step in Health Data Integration

Metriport's Push into the TEFCA Framework Son of a gun, Metriport's making noise in the health data world! They just got the nod as a Candidate QHIN under the Trusted Exchange Framework and Common Agreement, or TEFCA if you're into acronyms. This isn't just some digital high-five; it's a significant stride forward for healthcare data exchange. Now they're smack in the...

Airswift's Strategic Acquisition Boosts U.S. Energy Presence

What's Driving Airswift's Latest Expansion? Airswift just dropped a bombshell by snapping up key businesses from New Tech Global (NTG), marking a serious power move in the U.S. energy sector. Now, what does this actually mean for investors? In blunt terms: they're muscling up their contractor base by a meaty 30%. That's no small feat. It's a calculated step to ace the...

Piedmont Orthopedics Expands Care in Henry County

A Surgeon's Story Comes to Henry County Ah, the medical field. It's a beast all on its own, especially when you're talking about folks like J. Hunter Matthews, M.D. making waves in the orthopedic world. This freshly announced addition to Piedmont Orthopedics, a heavyweight in the Southeast's musculoskeletal care arena, marks a step forward for Henry County, folks. We're...

Guaranteed Roof Expands with EM Exteriors through LB Capital

A Bold Move to Elevate Roofing Standards In a move that seems to jolt the roofing industry awake, Guaranteed Roof is taking the wraps off its new strategic partnership with LB Capital and EM Exteriors. Think of it as a power trio aiming to redefine what roofing solutions should mean in the Southeast. It’s the kind of news that makes you sit up and ask, why now and why...

Andover Audio's FreePlay: Stereo Sound Goes Portable

If there's one thing I've seen grow in leaps and bounds, it's the audio world. Andover Audio’s latest move? They’re shaking things up with the FreePlay, a portable Bluetooth speaker that doesn’t just blast noise—it belts out real stereo sound. Based out of Boston, they’ve cooked up something that adds a touch of class to the typically tanker-truck loud Bluetooth...

Omneky Integrates AI Growth Agent With Slack for Ads

Omneky's New Move: AI Growth Agent Meets Slack Picture this: You've got a marketing team hustling in the digital age, and now they've got a new ally. Omneky, the big-wig in autonomous AI growth, has snuck its AI Growth Agent right into Slack. This isn't just a party trick during Dreamforce week in San Francisco. This is Omneky throwing another cog into the advertising...

Linkind's Light Stick Revolutionizes Retail Lighting Experience

Transforming Lighting in Retail Spaces Folks, let's talk lighting. Not the humdrum switch-you-on kind, but something much snazzier, more customized, and downright interactive. I'm talking about Linkind's latest brainchild—the Smart Light Stick. Launched amidst the neon rush of tm:rw in New York City, this gizmo isn't just another bulb in the home improvement aisle. It's...