Keep updated with the CANCOM RSS-Feed and do not miss any important news.
Munich, Germany, 28 October 2013 - The preliminary results of IT solutions
provider CANCOM SE for the nine months ended 30 September 2013 show
continuing growth of Group profit combined with increased consolidated
sales revenues year-on-year.
In detail, consolidated earnings before interest, tax, depreciation and
amortization (EBITDA) for the first nine months of 2013 rose 12.9 percent
year-on-year from EUR 20.2 million to EUR 22.8 million.
The EBITDA margin was 5.5 percent, compared with 5.0 percent in 2012.
According to the preliminary figures, consolidated EBITDA for q3/2013 was
up by 17.6 percent EUR 6.8 million to EUR 8.0 million, which corresponds to
an improved EBITDA margin of 5.6 percent compared to 4.9 percent in the
The preliminary figures indicate that the CANCOM Group's consolidated sales
revenues were up 2.6 percent in the first nine months to EUR 417.5 million
(2012: EUR 406.8 million). The preliminary consolidated sales revenues for
the third quarter of the year were up 2.6 percent, from EUR
138.7 million to EUR 142.3 million.
The fourth quarter has got off to a consistently good start. The Group's
cloud solutions business, especially the CANCOM AHP Private Cloud and Cloud
Managed Services, has continued to grow and is reflected in the earnings
development in the third quarter. The successful implementation of several
CANCOM AHP Private Cloud projects in recent months will result in a
sustainable increase of recurring monthly income from Managed Services
Against this backdrop, the constant positive economic conditions and the
strong demand for private cloud implementations the Executive Board expects
the full year 2013 to reach revenues and profits on a new record level.
CANCOM considers a Group EBITDA of EUR 33 million for the full financial
year with sales revenues of about EUR 590 million.
The detailed nine-month report will be published on 8 November 2013.