Press

24.01.2011
CANCOM sees EBITDA rise by 82.7 percent in FY 2010 up to EUR 19 million

Jettingen-Scheppach, 24 January 2011 - CANCOM IT Systeme AG, one of the TOP
3 German integrated system providers, is now publishing its provisional key
figures for financial year 2010. With a provisional annual revenue of EUR
548.0 million and a provisional operating result (EBIT) of EUR 13.1 million
the IT group has lived up to its sound track record of achieving consistent
growth in revenue and earnings.

The cloud architect can look back on another successful year in its
corporate history of almost 20 years. The company is benefitting both from
its strong market position and the economic recovery and growing demand for
IT services, so that it can provisionally report consolidated revenue of
EUR 548.0 million for the year as a whole, in comparison with EUR 422.5
million in financial year 2009. This is equivalent to a growth of 29.7
percent. The fourth quarter was particularly strong with provisional
revenue of EUR 167.8 million, as compared with EUR 118.1 million in the
fourth quarter 2009 (+42.1 percent).

With the focus on high-quality services, particularly in the cloud
computing environment, the Group's provisional consolidated EBITDA was at
EUR 19.0 million (up by +82.7 percent) not only well above the previous
year's figure of EUR 10.4 million, but also well in excess of analysts'
estimates.

With the focus on high-quality services, particularly in the cloud
computing environment, the provisional consolidated EBIT of EUR 13.1
million (EUR 7.0 million in 2009) showed a significant increase of 87.1
percent year on year.

After the record figures achieved 2010 the good order situation already
gives us reason to anticipate a strong first quarter in 2011. All in all,
CANCOM expects a further increase in demand for IT in 2011 as a whole and
therefore no change in the Group's positive prospects. The Executive Board
will therefore examine the guidance for financial year 2011 when the final
report for 2010 is published on 29 March 2011.

24.01.2011 DGAP's Distribution Services include Regulatory Announcements,
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Contact

Sebastian Bucher
Manager Investor Relations