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Munich, Germany, 13 May 2015 - CANCOM Group achieved constant growth in revenues and profits in the first quarter of the current financial year. "Even though the IT industry is currently facing a challenging market environment we were able to expand especially our cloud and shared managed services business", comments CANCOM CEO Klaus Weinmann on the sound business development of the IT group.
In the first three months of the current year group revenues raised 9.0 percent from Euro 181.7 million in q1/2014 to Euro 198.2 million in q1/2015. Particularly, the cloud solutions segment showed a strong development that was positively affected by acquisitions and resulted in a growth rate of in total 50.0 percent.
Gross profit for the group increased 11.2 percent from Euro 58.0 million in q1/2014 to Euro 64.5 million due to the successful development of the high margin services business.
Group EBITDA for the first quarter 2015 was Euro 10.7 million and up 11.5 percent compared to the previous year's level of Euro 9.6 million. Accordingly EBITDA margin improved to 5.4 percent compared to 5.3 percent in q1/2014. Group EBITA for q1/2015 was Euro 7.7 million, a plus of 10.0 percent compared to the previous year's Group EBITA of Euro 7.0 million.
Earnings per stock from continuing operations for the first three months of the current year amount to 0.22 Euro compared to 0.21 Euro for the previous year.
Asset and financial structure as at 31 March 2015 remains solid and expresses the balance sheet strength of CANCOM Group. Equity raised from Euro 193.8 million as at balance sheet date of 31 December 2014 to Euro 197.5 million as at 31 March 2015. As a result, equity ratio was 50.2 percent compared to 44.1 percent as at 31 December 2014. As at 31 March 2015, CANCOM Group employed 2,902 people worldwide.