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Munich, 18 March 2014 - The TecDAX-listed CANCOM Group published its final
results for the 2013 financial year today. At the same time, the
Supervisory Board adopted the annual financial statements, thus confirming
the provisional figures that the Group published on 3 February 2014. The
Management Board and Supervisory Board of CANCOM SE have also resolved to
submit a dividend proposal of EUR 0.40 per share for the 2013 financial
year to the Annual General Meeting, up from EUR 0.35 in the previous year.
In the 2013 financial year, the growth of the CANCOM Group outstripped that
of the overall economy and the IT market in Germany. Consolidated sales
were up 10 % year-on-year from EUR 558.1 million to EUR 613.8 million. 6.7
% of the sales growth was organic. Group gross profit also grew from EUR
166.2 million to EUR 186.5 million (+12.2 %) with an improved gross profit
margin of 30.4 % compared with 29.8 % in 2012. This is partly attributable
to the increase in service business.
Earnings performance was positively impacted by factors including strong
business with cloud services in the Private Cloud environment.
Consequently, consolidated EBITDA rose from EUR 28.1 million to EUR 33.4
million, an increase of 18.9%. Consolidated EBITA for 2013 totalled EUR
25.5 million compared with EUR 22.2 million in the same period in the
previous year (+14.9 %).
In terms of earnings per share, CANCOM posts EUR 1.23 for the 2013
financial year, thus exceeding the previous year's figure of EUR 1.15. This
includes amortisation effects of EUR 2.9 million. Adjusted for these
effects, earnings per share for 2013 would amount to EUR 1.41.
Strong balance sheet and sufficient liquidity for further growth
During 2013, equity increased significantly from EUR 80.8 million to EUR
162.9 million, resulting in an equity ratio of 50.7% as at 31 December 2013
compared with 38.7% on the 2012 reporting date. With cash and cash
equivalents of EUR 77.7 million as at the reporting date as against EUR
44.6 million at the end of the 2012 financial year, the Group has
sufficient scope to continue its profitable corporate growth both
organically and through acquisitions. As at 31 December 2013, the CANCOM
Group had 2,360 employees. With the recently acquired HPM Networks in the
USA and Pironet NDH, which will be consolidated from 1 January 2014, CANCOM
now has over 2,600 employees.
"2013 was the most successful financial year in CANCOM's history, with
crucial progress and key events," said CANCOM CEO Klaus Weinmann. "We
continued to reinforce our position in the future-relevant growth markets
such as cloud computing and IT mobility, both with successful operations
and the acquisitions we have made. In addition, we have created the equity
base for maintaining our growth in the current financial year".
Following the record result in 2013, the CANCOM Group has also made a good
start to the 2014 financial year. As it stands, sales and earnings were up
on the previous year in January and February. In view of factors such as
the acquisitions made in 2013 and 2014, most recently DIDAS Business
Services GmbH, as announced today, the Management Board currently expects
gross profit and EBITDA for the Group to increase substantially in the 2014
Forthcoming re-election of the Supervisory Board at the Annual General
Meeting on 25 June 2014
At its meeting today, the Supervisory Board Nominations Committee finalised
its recommended list of candidates for the forthcoming Supervisory Board
re-election to be proposed to the Annual General Meeting. The existing
Supervisory Board members Stefan Kober, Walter Krejci, Dr Lothar Koniarski
and Regina Weinmann and the new candidates Uwe Kemm and Dominik Eberle are
to be proposed. Should he be elected, the Supervisory Board plans to elect
Stefan Kober as its Chairman. The long-serving Supervisory Board Chairman
Walter von Szczytnicki is not standing for re-election. The Management
Board and Supervisory Board of CANCOM SE would like to thank Mr von
Szczytnicki for his many years of faithful and constructive service.