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CANCOM AG doubles dividend
Munich, Germany, 20 March 2012 - With presentation of the final results and
approval of the financial statement 2011 by the Supervisory Board, CANCOM
Group confirms the provisional figures announced on 3 February 2012, and at
the same time increases the dividend payment for the financial year 2011.
So the IT Group achieved revenues of EUR 544.4 million for the full year
2011, compared with EUR 474.6 million in 2010 (+14.7 percent).
Consolidated EBITDA rose up 31.6 percent to EUR 25.0 million compared with
EUR 19.0 million in the previous year 2010. The consolidated EBIT of EUR
18.5 million (2010: EUR 15.2 million) showed a significant increase of 21.7
percent year on year.
In total the CANCOM Group reports earnings per share in the amount of EUR
1.14 in 2011 after EUR 0.92 in 2010.
According to the strong business development in 2011, in today's meeting
the Executive Board and Supervisory Board of CANCOM AG propose a dividend
distribution of EUR 0.30 per share. This means a doubling compared to the
previous year's dividend of EUR 0.15. The distribution proposal is subject
to the approval of the shareholders annual general meeting of CANCOM AG on
21 June 2012 in Munich, Germany.
Furthermore in its meeting the Supervisory Board of CANCOM AG approved the
sale of the 100 percent subsidiary CANCOM Ltd. UK. The sale is based on
the CANCOM Group's decision to concentrate on the higher margin
business-to-business (B2B) segment. As the company was classified as
discontinued operations for q2/2011 and effects from this were mostly taken
into account in the annual financial statement 2011, the sale will not
result in greater impact on the Group's liquidity and results in the
current financial year.
The full report of CANCOM AG and CANCOM Group will be published on 27 March
2012 and will then be available on www.cancom.de/berichte.
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