09.02.2017
CANCOM SE DE0005419105
DGAP-News: CANCOM topped the one billion mark in revenues
DGAP-News: CANCOM SE / Key word(s): Preliminary Results
CANCOM topped the one billion mark in revenues
09.02.2017 / 14:07
The issuer is solely responsible for the content of this announcement.
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CANCOM topped the one billion mark in revenues
- Consolidated Group revenues, preliminary: EUR 1,022.7 million (plus 9.6
percent; 2015: EUR 932.8 million)
- Consolidated Group EBITDA, preliminary: EUR 72.8 million (plus 15.4
percent; 2015: EUR 63.1 million)
- Consolidated Group EBIT, preliminary: EUR 51.2 million (plus 24.6
percent; 2015: EUR 41.1 million)
Munich, Germany, 09 February 2017 - CANCOM SE announces preliminary key
figures for the financial year 2016. Accordingly, CANCOM Group has
continued to grow significantly in 2016, especially with continued double-
digit growth in earnings. Also, CANCOM topped the EUR 1 billion mark in
revenues for the first time.
With preliminary consolidated revenues of EUR 1,022.7 million for the full
year 2016, CANCOM Group reported growth of 9.6 percent compared to previous
year's revenues of EUR 932.8 million. Both segments (IT solutions and cloud
solutions) reflected the positive business development. The Executive Board
considers investments in running IT operations and increasing digitization
efforts of enterprises as reasons for the ongoing demand. "Due to our
comprehensive portfolio and good market positioning we were able to
successfully realize projects across the whole business spectrum. We focus
on the IT trends of the future and intend to continuously invest in high-
growth areas", says CANCOM CEO Klaus Weinmann. In 2016, preliminary Group
EBITDA increased by 15.4 percent from EUR 63.1 million up to EUR 72.8
million (EBITDA margin: 7.1 percent; 2015: 6.8 percent). Regarding
preliminary Group EBIT, CANCOM achieved an increase of 24.6 percent up to
EUR 51.2 million.
CANCOM accomplished an expansion of business volumes on a group as well as
on a segment level. "For enterprises, digitization often goes along with an
IT reorientation. That's why there is usually a need for integrated
solutions", the Board says. Segment revenues grew by 8.2 percent according
to preliminary figures up to EUR 866.6 million in the IT solutions segment
and by 18.4 percent up to EUR 156.1 million in the cloud solutions segment.
Preliminary segment EBITDA as at 31 December 2016 increased as well. It
amounted to EUR 49.5 million in the segment IT solutions and to EUR 31.4
million in the segment cloud solutions compared to EUR 42.6 million (IT
solutions) respectively EUR 28.8 million (cloud solutions) in 2015. With
preparation of the annual and consolidated financial statements as at 31
December 2016, reclassifications were made in the segment reporting due to
the merger of two group subsidiaries and the adaption of the organizational
structure. Previous year's figures were fully reclassified.
In q4, CANCOM generated preliminary Group revenues of EUR 305.0 million
after EUR 275.4 million in the same period of the previous year, that is a
plus of 10.7 percent. Preliminary Group EBITDA was EUR 22.5 million and
above the strong figure of EUR 22.2 million for the same quarter of the
previous year.
CANCOM will be publishing its full, audited annual and consolidated
financial statements for the financial year 2016 on 27 March 2017.
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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09.02.2017 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.
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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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