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Munich, Germany, 31 January 2013 - The CANCOM Group, one of Germany's top
three integrated IT service providers, has released its key provisional
results for the financial year 2012, the most successful year ever since
the company was founded over twenty years ago. With the provisional figure
for consolidated revenue at EUR 558.1 million (2011: EUR 544.4 million) and
provisional Group EBITDA at EUR 28.3 million (2011: EUR 25.0 million),
CANCOM has again maintained a pattern of consistent growth helped by a
strong market position and Germany's economic stability.
Provisional consolidated revenue for the financial year 2012 stood at EUR
558.1 million compared to EUR 544.4 million in the financial year 2011.
This represents growth of around 2.5 percent. Results remained very stable
over the course of 2012 thanks to a strong performance from the services
business, especially in the area of premium services, even though revenue
growth in the fourth quarter was below the revenue figures of the same
period in 2011. Provisional Group EBITDA for 2012 was EUR 28.3 million, up
13.2 percent on the previous year (2011: EUR 25.0 million). This takes the
EBITDA margin to 5.1 percent compared to 4.6 percent in 2011. The
provisional figure of EUR 20.9 million for Group EBIT (2011: EUR 18.5
million) was also up on the previous year (plus 13.0 percent).
CANCOM has made an equally good start to 2013. The Management Board will
publish its forecast for the year ahead together with CANCOM's definitive
results for 2012 in its annual report. The annual report 2012 will be
published on 20 March 2013.