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- Group revenues: Euro 234.7 million (+18.4 percent y-o-y)
- Group EBITDA: Euro 16.1 million (+50.5 percent y-o-y) / EBITDA margin: 6.9 percent (q1/2015: 5.4 percent)
- Group EBIT: Euro 10.9 million (+101.9 percent y-o-y)
Munich, Germany, 12 May 2016 - CANCOM group's first quarter of the current fiscal year ended with strong financial figures. Consolidated revenues grew by 18.4 percent to Euro 234.7 million (q1/15: Euro 198.2 million). Group EBITDA and EBIT rose by 50.5 respectively 101.9 percent compared to the same quarter in the previous year. Accordingly, increased profit margins showed further improvement of group profitability. Due to the ongoing trend towards cloud computing as well as the demand for related IT solutions in the fields of mobility, security or big data CANCOM had a positive development in both business segments IT solutions and cloud solutions.
Gross profit for the group grew by 10.5 percent from Euro 64.5 million in q1/2015 to Euro 71.3 million, mainly due to the successful expansion of the high valuable services business. For the first three months of the current fiscal year, CANCOM achieved earnings per share from continuing operations of Euro 0.43 compared to Euro 0.22 in the previous year. This corresponds to an increase of nearly 100 percent.
The solid equity base of Euro 275.8 million as at 31 March 2016 and an equity ratio of 56.7 percent is proof for the balance sheet strength of CANCOM Group.
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