DGAP-News CANCOM reaches new record level for the financial year 2011
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DGAP-News: CANCOM AG / Key word(s): Preliminary Results
CANCOM reaches new record level for the financial year 2011
03.02.2012 / 11:31
Munich, Germany, 03 February 2012 - CANCOM AG, one of the TOP 3 German
integrated system providers, is now publishing its provisional key figures
for the financial year 2011. With a provisional Group revenue of EUR 544.1
million (2010: EUR 474.6 million) and a provisional operating result (EBIT)
of EUR 18.5 million (2010: EUR 15.2 million) the IT company has continued
its consistent growth in revenue and earnings and thereby has reached a new
record level since the establishment of CANCOM AG.
The Group can look back on another successful year in its corporate history
of 20 years now. The company is benefitting both from its strong market
position and the stable economic environment, so that it can provisionally
report consolidated revenue of EUR 544.1 million for the year 2011 as a
whole in comparison with EUR 474.6 million in financial year 2010. This is
equivalent to a growth of 14.6 percent, whereof 13.3 percent can be
regarded as organic growth.
Due to the strong services business, particularly in the high-quality
services environment, the Group´s provisional consolidated EBITDA was at
EUR 25.0 million and rose up 31.6 percent compared with the previous year
(2010: EUR 19.0 million). EBITDA margin was 4.6 percent compared to 4.0
percent in 2010.
The provisional consolidated EBIT of EUR 18.5 million (2010: EUR 15.2
million) showed a significant increase of 21.7 percent year on year.
CANCOM Group still has a comfortable liquidity status with cash resources
of EUR 44 million as at 31 December 2011 (31 December 2010: EUR 31.5
million).
After a good start into the current financial year the Executive Board of
CANCOM AG is, from today´s point of view, optimistic for the first quarter
of 2012. All in all, CANCOM expects revenues and profits in 2012 to remain
at a good level.
The final annual report for the financial year 2011will be published on 27
March 2012 and will then be available on www.cancom.de.
Contact:
Beate Rosenfeld
Manager Corporate Communication
CANCOM AG
Ridlerstraße 37
80339 München
Germany
Tel.: +49 (0) 8225 / 996 1015
Fax: +49 (0) 8225 / 996 4 1015
mail to: beate.rosenfeld@cancom.de
www.cancom.de
End of Corporate News
03.02.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: CANCOM AG
Ridlerstraße 37
80339 München
Germany
Phone: +49-(0)8225/996-1000
Fax: +49-(0)8225/996-1033
E-mail: info@cancom.de
Internet: http://www.cancom.de
ISIN: DE0005419105
WKN: 541910
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
155319 03.02.2012
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