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CANCOM releases financial figures for the first quarter of 2017
Group revenues and profits increased year-on-year
Munich, Germany, 11 May 2017 - CANCOM group releases convincing financial figures for the first quarter of the current fiscal year. Against the strong first quarter of the previous year, consolidated revenues grew by 9.6 percent to Euro 257.3 million (q1/16: Euro 234.7 million). Also above prior year's quarter, Group EBITDA ended up to EUR 16.8 million. Taking into consideration a positive EBITDA contribution of Euro 1.4 million attributable to a special customer project in the first quarter of 2016, Group EBITDA in q1/17 showed growth of 14.3 percent against the comparable level of previous year's quarter of EUR 14.7 million (q1/16 reported: EUR 16.1 million). "We've made significant investments in recent quarters, especially in highly qualified people, as basis for future growth. Given this background, too, the results achieved are very good in our view", CANCOM CEO Klaus Weinmann comments on the figures.
All in all, the business units developed well, which can be attributed to the ongoing business demand for innovative and integrated IT solution concepts. "Digitization of business models drives importance and requirements of enterprise IT. It covers topics like cloud computing, big data and analytics, mobility or security and thereby the whole range of our portfolio", says Klaus Weinmann.
With reported earnings before taxes (EBT), CANCOM Group achieved an increase of 13.1 percent up to EUR 11.2 million (q1/16: EUR 9.9 million). Earnings per share for the first three months of the current financial year amounted to EUR 0.46 and topped previous year's earnings per share of EUR 0.43.
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