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Revenues and earnings topped previous year's high level once more.
Group key figures h1/2017 at a glance:
- Revenues: Euro 535.9 million (2016: Euro 492.2 million; up 8.9 percent)
- EBITDA: Euro 35.4 million (2016: Euro 33.1 million; up 6.9 percent)
- EBIT: Euro 25.2 million (2016: Euro 22.6 million; up 11.5 percent)
- Earnings per share: Euro 1.01 (2016: Euro 0.88; up 14.8 percent)
Munich, Germany, 11 August 2017 - CANCOM Group continues its growth path after the first six months of the current financial year. Beside the sound operational performance, two acquisitions were made, which are expected to contribute to the future growth of the entire group.
Group revenues of the first six months grew by 8.9 percent compared to the previous year up to Euro 535.9 million. Gross profit for the group improved from Euro 142.9 million in 2016 to Euro 150.3 million now. Also consolidated EBITDA increased from Euro 33.1 million to Euro 35.4 million in the first half of 2017. "We've heavily invested in highly qualified employees. The group structures support an even more powerful market presence to meet our growth targets", comments Klaus Weinmann, CEO of CANCOM SE, on the development in recent months. "Digitization drives business demand for comprehensive IT concepts and solutions, including topics like cloud computing, big data and analytics, mobility or security, and reflecting the whole range of our portfolio. That's why both group segments develop well", says Klaus Weinmann.
In the second quarter of the current year, revenue growth was 8.2 percent, achieving Euro 278.7 million after Euro 257.5 million in the same period of the previous year. Group EBITDA grew by 10.0 percent up to Euro 18.7 million. In total, CANCOM Group reports earnings per share for the second quarter of 2017 of Euro 0.55 compared to Euro 0,45 Euro in q2/2016 (plus 22.2 percent). Earnings per share for the first half of 2017 were Euro 1.01 compared to Euro 0.88 in 2016, which is an increase of 14.8 percent.
As a digital transformation partner, CANCOM guides businesses into the digital future. The CANCOM Group's business-oriented IT solution range encompasses consulting, implementation, and services. Clients benefit from CANCOM's extensive expertise and an innovative portfolio that covers the requirements of business IT for successful digital transformation with smart business solutions and services in IT trends such as cloud computing, analytics, enterprise mobility, or security. The internationally active group of companies, employing around 2,900 people worldwide, and its powerful partner network ensures presence and proximity to clients in Germany, Austria, Switzerland, Belgium, 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). The group achieved an annual turnover of more than one billion Euro in 2016.
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