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Munich, Germany, 29 July 2016 - CANCOM SE reports preliminary results as
at 30 June 2016.
For the first six months of the current financial year CANCOM Group
achieved consolidated revenues of Euro 492.2 million after Euro 430.5
million in the first half of 2015, a growth of 14.3 percent. Preliminary
earnings before interest, tax, depreciation and amortization for the Group
(EBITDA) were Euro 33.1 million and 39.7 percent higher than the previous
year's figure of Euro 23.7 million. EBITDA margin rose to 6.7 percent and
shows a further improvement in the Group's profitability compared to prior
year's level of 5.5 percent. Preliminary Group operating result (earnings
before interest and taxes/EBIT) increased by 75.2 percent in the first six
months of the current financial year from Euro 12.9 million in the first
half of 2015 up to Euro 22.6 million.
According to preliminary figures, the second quarter continued with a
strong business development. Group revenues grew by 10.8 percent compared
to the same quarter of the previous year up to Euro 257.5 million (q2/2015:
Euro 232.3 million). Preliminary Group EBITDA of q2/2016 rose by 30.8
percent to Euro 17.0 million after Euro 13.0 million in the second quarter
of 2015. Accordingly, improved group profitability compared to prior-year
quarter is shown in an EBITDA margin of 6.6 percent for q2/2016 (q2/2015:
5.6 percent). Preliminary Group EBIT grew by 52.6 percent from EUR 7.6
million to EUR 11.6 million.
Growth was driven by IT trend tropics such as cloud computing, mobility,
security or big data and analytics, for example.
All results are preliminary. The full q2 report will be published on 10