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Munich, Germany, 8 November 2013 - CANCOM Group underpins its constant growth process in revenues and profits with the good business performance of the first nine months of current financial year.
Group revenues for the first nine months of 2013 were at EUR 417.5 million up 2.6 percent above previous year's level (2012: EUR 406.8 million). In the same period, gross profit of the Group rose 9.0 percent from EUR 123.1 million to EUR 134.2 million. Gross profit margin is 32.1 percent compared to 30.3 percent in 2012. Consolidated EBITDA grew up 12.9 percent from EUR 20.2 million up to EUR 22.8 million in the first nine months, which is equivalent to an EBITDA margin of 5.5 percent after 5.0 percent in 2012. Group EBIT could also grew from January to September 2013 - from EUR 15.2 million up 5.9 percent to EUR 16.1 million. In sum, earnings per share of the Group from continuing operations for the first nine months 2012 were EUR 0.93 compared to EUR 0.85 in the previous year.
In the third quarter consolidated revenues rose 2.6 percent from EUR 138.7 million in 2012 to EUR 142.3 million in 2013. Gross profit of the period improved 9.8 percent from EUR 40.7 million to EUR 44.7 million. EBITDA rose from EUR 6.8 million to EUR 8.0 million (+17.6 percent, EBITDA margin +0.7 percent up to 5.6 percent in q3/2013), EBIT rose from EUR 5.1 million to EUR 5.8 million (+13.7 percent).
As announced on 28 October with the publication of preliminary figures, the CANCOM Executive Board expects 2013 to set new record levels for revenues and profits, due to the encouraging business performance of the first nine months and a good start in the fourth quarter. Also due to the strong demand for cloud solutions and the expansion of the high profitable managed services business, the Executive Board is optimistic to close the full financial year with Group revenues of about EUR 590 million and an EBITDA of EUR 33 million.