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Double-digit growth rates for sales revenues and profits
Munich, Germany, 24 March 2016 - CANCOM group has published the annual report for the financial year 2015 today. Group revenues of the TecDAX listed IT company increased by 12.5 percent compared to the previous year up to Euro 932.8 million (2014: Euro 828.9 million). "The positive development was supported by our customers' solid demand for innovative and comprehensive IT solutions", comments CANCOM CEO Klaus Weinmann. Gross profit of the group improved up to Euro 274.2 million (2014: Euro 257.7 million) and group EBITDA showed significant double-digit growth up to Euro 63.1 million (2014: Euro 51.6 million; a plus of 22.3 percent). Increased profitability of the group is expressed in an EBITDA margin of 6.8 percent compared to 6.2 percent in the previous year. "Due to the growing importance and complexity of IT in the context of digital transformation and cloud computing, the services requested become increasingly sophisticated. The clear focus on higher-valued traditional IT solutions business and managed services in the strong growing market cloud computing is a major driver of our earnings performance", says Klaus Weinmann.
With a group EBIT of Euro 41.1 million in 2015 (2014: Euro 28.8 million; a plus of 42.7 percent) and earnings per share from continuing operations of Euro 1.99 (2014: Euro 1.27; a plus of 56.7 percent), CANCOM group hit new records.
Total equity rose to Euro 204.3 million during the course of the year (2014: Euro 193.8 million). The strong equity ratio of 46.8 percent as well as the solid earnings, assets and financial position constitute the base for the group's further growth.
As a Cloud Transformation Partner, systems integrator and managed services provider, the CANCOM Group delivers a forward-looking, business-oriented range of solutions, providing significant added value for companies' business success. Its own cloud solution for enterprises makes CANCOM the first mover in the emerging cloud computing market and allows it to introduce its customers to the New Way of Computing with analysis, consulting, implementation and services, making it an IT- and business-transformation partner for its clients. The internationally active group of companies with its approximately 2,700 employees and a powerful partner network ensure presence and proximity to clients for example in Germany, Austria, Switzerland and the United States, among other locations. CANCOM SE, which is listed on the TecDAX and based in Munich, is headed by Klaus Weinmann (founder and CEO) and Rudolf Hotter (COO).
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