Keep updated with the CANCOM RSS-Feed and do not miss any important news.
Double-digit sales and earnings growth in the second quarter and the first half of the year
Munich/Germany, August 11, 2015 - CANCOM Group has continued its success in the first six months of the current fiscal year. The second quarter was characterized by a strong growth dynamic. The sales increase of 24.6% over the same quarter last year to 232.3 million euros was particularly impressive because of the organic growth of 17.6%. "We were able to record strong development in both business sectors ," says Executive Board Chairman Klaus Weinmann. The Group EBITDA rose by 17.1% to 13.0 million euros. This put the EBITDA margin at 5.6% for the second quarter, continuing the strong performance (5.4%) achieved in the first quarter and the very good performance in the final quarter of the previous year. Earnings per stock from continuing operations in the second quarter of the current fiscal year are negatively influenced by a one-time effect on financial earnings. Revised for this effect, adjusted earnings per stock (pro forma) are 0.29 euros, compared to 0.24 euros last year.
From January to June, Group sales of 430.5 million euros were achieved, compared to 368.2 million euros over the same period last year. Nearly half of the 16.9% growth, 8.3%, was organic. The EBITDA rose by 14.5% to 23.7 million euros. The Group profitability remained high at a nearly constant margin of 5.5%. In total, the IT group reports adjusted earnings per stock of 0.51 euros from continuing operations for the first six months, compared to 0.45 euros for the same period last year.
As of June 30, 2015, CANCOM Group has liquid assets worth 76.3 million euros. Given a capital structure that shows an equity ratio of 47.6%, the IT group is in a good position to take the next steps towards growth. "We believe that the business development in the first six month of 2015, supported by continuing positive economic conditions, is a good basis to achieve our growth goals for the entire year," Klaus Weinmann says.
Manager Corporate Communication & IR
Phone: +49 (0) 89 / 54054 5193
mail to: firstname.lastname@example.org