DGAP-News

CANCOM Group grows in all business segments in the first half of the year

DGAP-News: CANCOM SE / Key word(s): Half Year Results
CANCOM Group grows in all business segments in the first half of the
year

07.08.2014 / 12:19

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CANCOM Group grows in all business segments in the first half of the year

Key financial indicators continued to increase significantly in the second
quarter and in the first six months

Munich, August 7, 2014 - In its 2014 semiannual report, CANCOM SE confirms
its successful business performance in the first half of the current year,
which the preliminary figures previously announced had also shown. With
their strong overall performance, both reporting segments have contributed
to the growth in revenues and profit.

The Groupʼs consolidated sales in the second quarter compared with the
previous year rose by 35.2%, from 140.0 million euros to 189.3 million
euros. The expansion of higher-margin products and services is the reason
for the Groupʼs further improved gross profit and gross profit margin. This
amounts to an increase of 33.3% for the second quarter of 2014 with a gross
profit of 63.1 million euros, following the previous year which saw an
increase of 32.7% and a gross profit of 45.8 million euros. Adjusted for
one-off effects, Group EBITDA grew by 46.2% from 7.8 million euros to 11.4
million euros, equivalent to an adjusted EBITDA margin of 6.0% in the
second quarter of the current year, compared with 5.6% in the previous
year. The one-off effects of 0.1 million euros are external expenses in
connection with the acquisitions, not to be capitalized pursuant to IFRS
and not incurred related to the operational business. Group EBITA (earnings
before interest, taxes, and amortization on intangible assets) also
adjusted for one-off effects is 8.2 million euros for the second quarter,
compared with 5.8 million euros in 2013, an increase of 41.4%. In total,
the one-off effects together with the amortization effects from the
purchase price allocation (PPA) adjusted profit amount to 0.36 euros per
share for the second quarter in 2014, compared to 0.34 euros in 2013.

For the first six months of the current financial year, the Groupʼs
consolidated sales revenues grew 36.2% to 374.7 million euros, increasing
from 275.1 million in the first half of 2013. Adjusted for one-off effects
amounting to 0.6 million euros in the first half of 2014, Group EBITDA
increased by 48.6% to 22.0 million euros, in comparison to the previous
year with 14.8 million euros, which corresponds to an adjusted EBITDA