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Munich, Germany, 03 February 2012 - CANCOM AG, one of the TOP 3 German integrated system providers, is now publishing its provisional key figures for the financial year 2011. With a provisional Group revenue of EUR 544.1 million (2010: EUR 474.6 million) and a provisional operating result (EBIT) of EUR 18.5 million (2010: EUR 15.2 million) the IT company has continued its consistent growth in revenue and earnings and thereby has reached a new record level since the establishment of CANCOM AG.
The Group can look back on another successful year in its corporate history of 20 years now. The company is benefitting both from its strong market position and the stable economic environment, so that it can provisionally report consolidated revenue of EUR 544.1 million for the year 2011 as a whole in comparison with EUR 474.6 million in financial year 2010. This is equivalent to a growth of 14.6 percent, whereof 13.3 percent can be regarded as organic growth.
Due to the strong services business, particularly in the high-quality services environment, the Group's provisional consolidated EBITDA was at EUR 25.0 million and rose up 31.6 percent compared with the previous year (2010: EUR 19.0 million). EBITDA margin was 4.6 percent compared to 4.0 percent in 2010.
The provisional consolidated EBIT of EUR 18.5 million (2010: EUR 15.2 million) showed a significant increase of 21.7 percent year on year.
CANCOM Group still has a comfortable liquidity status with cash resources of EUR 44 million as at 31 December 2011 (31 December 2010: EUR 31.5 million).
After a good start into the current financial year the Executive Board of CANCOM AG is, from today's point of view, optimistic for the first quarter of 2012. All in all, CANCOM expects revenues and profits in 2012 to remain at a good level.
The final annual report for the financial year 2011will be published on 27 March 2012 and will then be available on www.cancom.de.