27.03.2017
CANCOM SE DE0005419105
DGAP-News: CANCOM shows a new record level with strong business results and topping the one billion mark in revenues in 2016
DGAP-News: CANCOM SE / Key word(s): Final Results
CANCOM shows a new record level with strong business results and topping the
one billion mark in revenues in 2016
27.03.2017 / 10:12
The issuer is solely responsible for the content of this announcement.
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CANCOM shows a new record level with strong business results and topping the
one billion mark in revenues in 2016
- Consolidated Group revenues: EUR 1,023.1 million (plus 9.7 percent; 2015:
EUR 932.8 million)
- Consolidated Group EBITDA: EUR 72.9 million (plus 15.5 percent; 2015: EUR
63.1 million)
- Consolidated Group EBIT: EUR 51.3 million (plus 24.8 percent; 2015: EUR
41.1 million)
Munich, Germany, 27 March 2017 - CANCOM Group has today published the annual
report for 2016, announcing the full business results for the financial year
ended 31 December 2016.
Compared to the previous year, the TecDAX listed IT group increased
consolidated group revenues by 9.7 percent up to EUR 1,023.1 million (2015:
EUR 932.8 million) and topped the EUR 1 billion mark in revenues for the
first time.
"We feel a constant customer demand for innovative and comprehensive IT
solutions, which is shown in the strong development across the entire
spectrum of our business", states CANCOM CEO Klaus Weinmann. Both business
segments of the group, IT solutions and cloud solutions, have grown
significantly by +8.2 percent and +18.4 percent. "We consequently
concentrate on digitization and IT growth trends such as cloud computing, IT
Security, Big Data and Analytics or Mobility, for example. That means, we
want to grow our business in these IT solutions areas as well as Managed and
Cloud Services", the CANCOM CEO says. He sees the clear focus on higher
valuable business as one of the main drivers for earnings performance.
Consolidated gross profit of the group improved to EUR 292.7 million (2015:
EUR 274.2 million), consolidated group EBITDA again showed double-digit
growth up to EUR 72.9 million (2015: EUR 63.1 million; +15.5 percent) with
an EBITDA margin of 7.1 percent compared to 6.8 percent in the previous
year. Also, each segment EBITDA developed positively up to EUR 49.2 million
for IT solutions and EUR 31.4 million for cloud solutions.
Double-digit earnings growth continued for consolidated group EBIT 2016 in
the amount of EUR 51.3 million after EUR 41.1 million in 2015 (+24.8
percent). Earnings per share from continuing operations of CANCOM SE also
reached a new record level at EUR 2.11 after EUR 1.99 in 2015.
In its balance sheet meeting, the Supervisory Board of CANCOM SE has decided
to extend the agreement with CEO and Founder Mr Klaus Weinmann for an
additional five years.
Contact:
Beate Rosenfeld
Manager Corporate Communication & IR
CANCOM SE
Erika-Mann-Straße 69
80636 München
Germany
Phone: +49 (0) 89 / 54054 5193
mail to: [email protected]
www.cancom.de
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27.03.2017 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
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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: [email protected]
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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558047 27.03.2017
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