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Munich, Germany, 8 November 2012 - CANCOM Group has now confirmed its sustainable and solid growth by the publication of the 9-monts report 2012. The IT Group, ranked among the biggest German full-service solution providers, continued to show both sales and profits on a high level in the third quarter.
The group's consolidated sales revenues in the first nine months were up 5.1 percent year-on-year to EUR 406.8 (previous year: EUR 387.0 million). In the same period, the consolidated gross profit was up 5.3 percent, from EUR 116.9 million to EUR 123.1 million. Consolidated EBITDA in the first nine months of 2012 rose by 16.8 percent from EUR 17.3 million up to EUR 20.2 million. This is equivalent to an EBITDA margin of 5.0 percent after 4.5 percent in 2011. Consolidated EBIT from January to September 2012 also grew up 22.6 percent year-on-year to EUR 15.2 million as compared to EUR 12.4 million.
The Group revenue for the third quarter rose by 2.4 percent from EUR 135.5 million to EUR 138.7 million in Q3/2011. Consolidated gross profit improved 3.0 percent in this period from EUR 39.5 million to EUR 40.7 million. Consolidated EBITDA went up 6.3 percent from EUR 6.4 million to EUR 6.8 million, consolidated EBIT from EUR 4.8 million to EUR 5.1 million (up 6.3 percent). All in all, earnings per share from continuing operations for the first nine months of 2012 amount EUR 0.85 compared to EUR 0.75 with the same period of the previous year.
CANCOM Group enjoys a solid financial basis for the further growth with an equity ratio of 38.2 percent as at 30 September 2012, comfortable cash reserves and the inflow of funds of EUR 11.4 million from the recent capital increase.
The CANCOM Executive Board currently expects to maintain the course of ongoing growth in revenues and profits for the full year 2012 and to reach new record levels, due to the positive development in the first nine months and the good start in q4. This estimate is based on the Group's good positioning in the growth market of cloud computing and its focus on the higher-margin consulting and managed services business.