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CANCOM SE with sound business development according to preliminary nine months figures 2016
Group revenues and EBITDA after nine months on growth track compared to previous year
Preliminary group key figures for nine months at a glance:
- Revenues: Euro 717.7 million (+9.2 percent; 2015: Euro 657.4 million)
- EBITDA: Euro 50.2 million (+22.9 percent; 2015: Euro 40.9 million)
- EBIT: Euro 34.3 million (+40.6 percent; 2015: Euro 24.4 million)
Munich, Germany, 31 October 2016 - CANCOM group shows further growth after nine months of the current year. According to preliminary figures consolidated revenues rose to Euro 717.7 million after Euro 657.4 million in the same period of the previous year. Growth was driven by an increase of revenues in the group's two operating segments. Preliminary group EBITDA showed considerable double-digit growth of 22.9 percent compared to the nine months figure of 2015. Accordingly EBITDA margin for the nine months period was at strong 7.0 percent versus 6.2 percent in the same period 2015. Preliminary group EBIT for the nine months of 2016 was Euro 34.3 million after Euro 24.4 million in 2015, which is a plus of 40.6 percent.
Also, both business segments IT solutions and cloud solutions developed positive in the current year. So the IT solutions segment grew by 7.4 percent according to preliminary figures for nine months up to Euro 603.5 million in revenues. The cloud solutions segment grew according to preliminary figures up to Euro 114.2 million in revenues after Euro 95.3 million in 2015 with an EBITDA for the segment of Euro 22.3 million after Euro 20.8 million in 2015. From January to September 2016, segment EBITDA for IT solutions amounted to Euro 37.1 million and Euro 28.2 million for the same period in 2015. Overall, the Executive Board sees the ongoing customer demand for enterprise IT solutions especially in growth areas such as cloud computing, IT security and mobility as driver for the sound business development of the current year. "Digitization drives IT investments in various sectors which we believe is a big chance for the CANCOM group", says CEO Klaus Weinmann.
In the third quarter of the current year the CANCOM group achieved stable consolidated revenues of Euro 225.5 million according to preliminary figures. Preliminary group EBITDA and EBIT for the third quarter of 2016 continued to be on a strong level of Euro 17.2 million respectively Euro 11.7 million.
CANCOM will release final figures for the third quarter and for nine months of the current financial year on 10 November 2016.
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 AHP enterprise cloud solution makes CANCOM a 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 worldwide and a powerful partner network ensure presence and proximity to clients for example 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 annual sales revenues of more than 930 million euros in 2015.
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