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Jettingen-Scheppach, Germany, 26 January 2010 - The provisional figures
show that in financial year 2009 the CANCOM Group increased its
consolidated sales revenues by 16.1 percent to EUR 422.6 million, as
compared with EUR 364.1 million in financial 2008.
Consolidated gross profit was up rising from EUR 107.8 million to EUR 119.4
million (up 10.8 percent).
According to the provisional figures, consolidated EBITDA rose by 18.2
percent, from EUR 8.8 million to EUR 10.4 million.
Consolidated EBIT, according to the provisional figures, was up by 31.5
percent, rising from EUR 5.4 million to EUR 7.1 million.
The consolidated EBIT includes positive, one-time effects (lucky buy) as
well as one-time restructuring expenses, which nearly cancel each other. In
the provisional figures the English subsidiary CANCOM Ltd. is consolidated.
The figures for the financial year 2008 have been adjusted accordingly.
Earnings per share, according to the provisional figures, rose to EUR 0.46
as compared with EUR 0.26 in 2008.
In view of the acquisitions made in 2009 and the positive business
development as well as the improved economic conditions, the Executive
Board generally expects a future increase in revenues and result in 2010
and 2011. CANCOM's plans are consolidated sales revenues of EUR 500 million
(financial year 2010) and EUR 531 million (financial year 2011),
consolidated EBITDA of EUR 11.6 million (financial year 2010) and EUR 13.1
million (financial year 2011) and earnings per share up to at least EUR
0.50 in 2010 and EUR 0.60 in 2011.
Positive effects on the result will also follow from a comfortable cash
flow and a cash figure to rise from EUR 18.9 million in 2008 to EUR 25.8
million as at the balance sheet date.
All the results shown above are provisional. The annual report with the
final figures for the financial year 2009 will be published on 25 March
2010 and will be available at www.cancom.de (interim disclosure pursuant to
Section 37v paragraph 1, sentence 2 of the German Securities Trading Act
Corporate Communication Specialist
CANCOM IT Systeme AG
Tel.: + 49 (0) 8225 / 996 1015
Fax: + 49 (0) 8225 / 996 4 1015
mail to: firstname.lastname@example.org
26.01.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de