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Munich, Germany, 15 May 2019 - The CANCOM Group's business performance was very robust in the first quarter of 2019, once again confirming the company's strong growth momentum. Thanks to a 20.2 percent increase in revenue, CANCOM achieved EUR 370.0 million in the first quarter (prior year: EUR 307.9 million). The organic growth rate of 12.5 percent was also at a very high level.
Sales growth was accompanied by an equally high improvement in earnings. The CANCOM Group's EBITDA (adjusted) in the first quarter of the current financial year amounted to EUR 27.8 million, an improvement of 18.8 percent on the comparable figure for the prior year (prior year: EUR 23.4 million). The EBITDA margin (adjusted) was thus 7.5 percent (prior year: 7.6 percent).
The Annual Recurring Revenue (ARR), which is particularly important for the ongoing strategic transformation of the CANCOM Group and reflects revenue from multi-year service contracts and business with the company's own AHP Enterprise Cloud, was EUR 139.5 million on the reporting date, 38.0 percent above the comparable figure (prior year: EUR 101.1 million). Here, too, CANCOM confirmed the very successful trend of the past quarters.
"We have even increased the already high growth momentum of the past financial year and have thus grown strongly regardless of the generally gloomy economic mood in Germany. In particular, the positive development of our particularly profitable ARR confirms that we will continue to press ahead intensively with CANCOM's transformation," said Thomas Volk, CEO of CANCOM SE.
Both Group segments grow at double-digit rates
The Cloud Solutions Group segment continued its disproportionately high pace of growth in the first quarter of 2019 with a 27.9 percent increase in revenue to EUR 66.9 million (prior year: EUR 52.3 million). EBITDA (adjusted) amounted to EUR 17.3 million, representing an improvement of 32.1 percent (prior year: EUR 13.1 million). The EBITDA margin (adjusted) rose accordingly to 25.9 percent (prior year: 25.0 percent).
In the first quarter of 2019, the Group segment IT Solutions also showed an enormously high growth rate of 18.6 percent and achieved sales of EUR 303.1 million (prior year: EUR 255.5 million). EBITDA (adjusted) amounted to EUR 14.1 million and was thus 7.6 percent above the comparable figure (prior year: EUR 13.1 million). The EBITDA margin (adjusted) was 4.7 percent (prior year: 5.1 percent).
Outlook for 2019 confirmed
On the basis of the business development achieved in the first quarter of 2019, the Executive Board of CANCOM SE confirms its forecast for fiscal year 2019.
CANCOM Group's complete interim report as at 31 March 2019 has been published in the Investors section of the company's website www.cancom.de
As a Digital Transformation Partner, CANCOM accompanies companies into the digital future. The CANCOM Group's range of IT solutions includes consulting, implementation, services and the operation of IT systems. Customers benefit from the extensive expertise and an innovative portfolio that covers the IT requirements of companies necessary for a successful digital transformation, for example with business solutions and managed services for IT trends such as cloud computing, analytics, enterprise mobility or IT security.
The worldwide more than 3,400 employees of the internationally active CANCOM Group and an efficient partner network ensure market presence and customer proximity in Germany, Austria, Switzerland, Belgium, Great Britain and the USA. The CANCOM Group is led by Thomas Volk (CEO), Rudolf Hotter (COO) and Thomas Stark (CFO). The company is headquartered in Munich. CANCOM generates annual sales of EUR 1.4 billion in 2018. The Group parent company CANCOM SE is listed on the TecDAX and SDAX (ISIN DE0005419105) of the Frankfurt Stock Exchange.
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