18.03.2015
CANCOM SE DE0005419105
DGAP-News: CANCOM SE:
DGAP-News: CANCOM SE / Key word(s): Final Results
CANCOM SE:
18.03.2015 / 10:23
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Another strong year of CANCOM Group in 2014 reaches record level
- Group revenues rose by 35 percent up to EUR 828.9 million
- Group EBITDA adjusted was EUR 54.6 million, a 65 percent plus compared to
2013
Munich, Germany, 18 March 2015 - In the financial year 2014 CANCOM Group
was able to outperform general economic growth as well as IT market growth
in Germany. Compared to the previous year, Group revenues increased by 35
percent from EUR 613.8 million up to EUR 828.9 million. Growth was mainly
driven by sustained demand for innovative and integrated IT solutions which
had a positive impact on the development of both business segments. Gross
profit of the Group grew from EUR 186.5 million up to EUR 257.7 million
(+38.2 percent) resulting in an improved gross profit margin of 31.1
percent after 30.4 percent in 2013.
The focus on profitable business in the traditional IT solutions segment
and on high-margin managed services in the strongly growing market segment
cloud computing had a positive effect on the IT Group's results. Group
EBITDA rose from EUR 33.1 million to EUR 54.6 million adjusted for one-off
effects, which is equivalent to a plus of 65.0 percent and an EBITDA margin
of 6.6 percent compared to 5.4 percent in 2013. Adjusted Group EBITA for
2014 was EUR 39.5 million after EUR 25.3 million in the previous year (+
56.1 percent). The one-off effects of EUR 2.9 million in 2014 include costs
due to acquisitions, restructuring costs at Group companies and one-time
effects from disposal activities of former subsidiaries.
Adjusted for the one-off effects described above, CANCOM shows earnings per
share from continuing operations for 2014 of EUR 1.41 thus exceeding the
previous year's figure of EUR 1.22. Without the effect from amortization
pursuant to IFRS for purchase price allocation (ppa) from acquisitions of
EUR 10.8 million (2013: EUR 2.9 million) adjusted earnings per share from
continuing operations for 2014 would amount to EUR 1.91.
Strong balance sheet and sufficient liquidity for further growth
During 2014, equity increased from EUR 162.7 million to EUR 193.8 million,
resulting in a strong equity ratio of 44.1 percent as at 31 December 2014.
With cash and cash equivalents of EUR 114.3 million as at the reporting
date compared to EUR 77.7 million at the end of the 2013 financial year,
the Group has sufficient scope to continue its profitable corporate growth
both organically and through acquisitions.
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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Language: English
Company: CANCOM SE
Erika-Mann-Straße 69
80636 München
Germany
Phone: +49-(0)89/54054-0
Fax: +49-(0)89/54054-5119
E-mail: [email protected]
Internet: http://www.cancom.de
ISIN: DE0005419105
WKN: 541910
Indices: TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart
End of News DGAP News-Service
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