CANCOM IT Systeme AG / Half Year Results/Quarter Results 08.08.2008 Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- 157.1 million sales revenues in the first half of 2008, compared with 137.8 million in the first half of 2007 (up 14 percent) 47.9 million gross profit, compared with 41.6 million in the first half of 2007 (up 15.1 percent) 3.8 million EBITDA, compared with 3.3 million (as-if basis) recorded in the first half of 2007 (up 16.4 percent) Jettingen-Scheppach, Germany, 7 August 2008 The CANCOM Group, one of the leading German providers of IT infrastructure and professional services, made significant increases in its sales revenues and profits in the first half of 2008, according to final figures. The increases are attributed to the Groups acquisition strategy, in addition to the rise in demand for IT services. Consolidated sales revenues rose by 14 percent to 157.1 million, compared with 137.8 million in the same period of 2007. Consolidated sales revenues in the second quarter of 2008 amounted to 78.8 million. This represents a 13 percent increase in comparison with the 69.7 million made in the second quarter of 2007. As a result of the significant expansion of the Groups IT services activities, consolidated gross profit for the first half of 2008 was 15.1 percent higher than in the same period of 2007, at 47.9 million compared with 41.6 million. This resulted in a gross profit margin of 30.5 percent, compared with 30.2 percent in the same period of 2007. At 24.2 million, the consolidated gross profit for the second quarter of 2008 was 13.6 percent higher than the 21.3 million achieved in the second quarter of 2007. For a clearer comparison with the figures for the same period of 2007, the following comparative figures for 2007 are shown on an as-if basis since they have been adjusted for a non-recurring item not subject to tax, comprising 633k in income from the sale of Maily Distribution GmbH in the second half of 2007. Consolidated EBITDA was 16.4 percent higher in the second half of 2008 than in the same period of 2007, at 3.8 million compared with 3.3 million (as-if basis). The EBITDA for the second quarter of 2008 was up 31.2 percent on last years figure, at 1.9 million compared with 1.4 million (as-if basis). Consolidated EBIT was 12 percent higher in the second half of 2008 than in the same period of 2007, at 2.8 million compared with 2.5 million (as-if basis). The consolidated EBIT for the second quarter of 2008 increased by 30.4 percent compared with the same quarter of 2007, from 1.0 million to 1.4 million (as-if basis). The general slowdown in the economy has yet to make itself shown in CANCOM's books, and the Executive Board is moderately optimistic for the current quarter. The takeover of Sysdat GmbH on 1 August 2008 is expected to lead to a boost in revenue in the second half of the year, which should also mean improved earnings. On the whole, the Executive Board therefore expects 2008 to be another record-breaking year for CANCOM in terms of revenue and earnings. Note: The report for the first six months of 2008 will be available in German from 11 August 2008 at www.cancom.de. Publication of the report in English will follow shortly afterwards. Contact: Dr. Johannes Mauser Vice President Director Corporate Development CANCOM IT Systeme AG Messerschmittstr. 20 89343 Jettingen-Scheppach Germany Tel.: +49 (0) 8225 / 996 1272 Fax: +49 (0) 8225 / 996 4 1272 mail to: johannes.mauser@cancom.de www.cancom.de DGAP 08.08.2008 --------------------------------------------------------------------------- Language: English Issuer: CANCOM IT Systeme AG Messerschmittstraße 20 89343 Jettingen-Scheppach Deutschland Phone: +49 (0)82 259 96-1000 Fax: +49 (0)82 259 96-41051 E-mail: ir@cancom.de Internet: www.cancom.de ISIN: DE0005419105 WKN: 541910 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Stuttgart, München, Hamburg, Düsseldorf End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-News: CANCOM IT Systeme AG: CANCOM IT Systeme AG sales revenues up 14 percent in the first half of 2008
| Source: EQS Group AG