DGAP-Adhoc: CANCOM increases profit by more than 20 percent

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News Desk 2018

Jul 24, 2013 at 11:00 AM

DGAP-Adhoc: CANCOM increases profit by more than 20 percent in q2

CANCOM SE / Key word(s): Preliminary Results 24.07.2013 16:51 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 increases profit by more than 20 percent in q2 - Group revenues q2/2013: EUR 140.0 million (+10.2 percent) - Group EBITDA q2/2013: EUR 7.8 million (+21.9 percent) - Group EBT q2/2013: EUR 5.3 million (+20.5 percent) Munich, Germany, 24 July 2013 - With publishing provisional figures for the first half of 2013 CANCOM SE shows continuing growth in revenues and profits year-on-year. Especially the second quarter grew more dynamically and therefore significantly outperformed the first three months of the current financial year. In detail, the group's consolidated sales revenues for q2 were up to EUR 140.0 million according to the provisional figures and compared to EUR 127.0 million in 2012. This is equivalent to an increase of 10.2 percent. Consolidated EBITDA according to the provisional figures 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. The consolidated EBT figure for q2 is EUR 5.3 million, compared with EUR 4.4 million in the second quarter of 2012 - a plus of 20.5 percent. 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 EBITDA according to the provisional figures 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. Consolidated EBT according to the provisional figures 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. 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. The full 6-months-report 2013 will be published on 13 August 2013 at www.cancom.de/berichte. Contact: Beate Rosenfeld Manager Corporate Communication 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 24.07.2013 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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