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Munich, Germany, 28 October 2014 - CANCOM increased consolidated sales
revenues for q3 according to provisional figures up to EUR 208.4 million
compared to EUR 142.3 million for the previous year, which is equivalent to
an increase of 46.5 percent. Preliminary Group EBITDA adjusted for an
one-off effect for the third quarter was EUR 15.5 million, 93.8 percent
higher than the figure of EUR 8.0 million in q3/2013. Respectively, the
adjusted EBITDA margin is 7.4 percent compared to 5.6 percent in 2013. The
one-off effect of EUR 0.5 million results from costs for the early
termination of a rental agreement related to the merger of two locations of
a former acquisition. In this context, CANCOM expects future savings of EUR
0.3 million per year. Adjusted preliminary Group EBITA (earnings before
interest, taxes and amortization on intangible assets) has doubled and
amounted to EUR 12.3 for q3, compared to EUR 6.1 million in 2013 (plus
For the nine months of the current financial year, the group's consolidated
sales revenues according to the provisional figures were EUR 583.1 million
compared to EUR 417.5 million, a year-on-year growth of 39.7 percent.
Preliminary Group EBITDA adjusted for one-off effects amounting to EUR 1.1
million in the first nine months of 2014 was EUR 37.6 million and 64.9
percent higher than the previous year's figure of EUR 22.8 million. The
adjusted EBITDA margin was up from 5.5 percent in 2013 to 6.4 percent. The
one-off effects of EUR 1.1 million result from the costs mentioned above as
well as from external expenses in connection with acquisitions, not to be
capitalized pursuant to IFRS and not incurred related to the operational
business. Preliminary Group EBITA for the first nine months of 2014 amounts
to EUR 28.2 million compared to EUR 17.0 million in 2013 (plus 65.9
The positive development in the third quarter is driven by solid business
demand, from which both reporting segments - IT solutions and cloud
solutions - could benefit.
The nine months report will be published on 11 November 2014.