CANCOM IT Systeme AG / Quarter Results 27.10.2008 Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- CANCOM IT Systeme AG increases revenue by 23.2 percent during first nine months of 2008 Preliminary accounts: Euro 255,5 million sales revenue during the first nine months of 2008, compared with Euro 207,4 million in the same period of 2007 (up 23,2 percent) Euro 76.6 million gross profit, compared with Euro 61.8 million in the same period of 2007 (up 23.9 percent) Euro 6.0 million EBITDA, compared with Euro 5.5 million in the same period of 2007 (up 9.3 percent) Euro 4.2 million EBIT, compared with Euro 4.2 million in the same period of 2007 (up 0 percent) Jettingen-Scheppach, October 27 2008 The CANCOM Group, one of the foremost German suppliers of IT infrastructure and professional services, has achieved its best operational result ever, partly due to acquisitions, based on preliminary accounts. The CANCOM Group´s consolidated sales revenue amounted to Euro 255.5 million, compared with Euro 207.4 million in the first nine months of 2007 (up 23.2 percent). In the third quarter of 2008 consolidated sales revenue reached Euro 98.4 million compared with Euro 69.6 million in the same period of 2007, an increase of 41.4 percent. This increase is mainly due to the acquisition of Sysdat GmbH. The CANCOM Group´s consolidated gross profit amounted to Euro 76.6 million, compared with Euro 61.8 million in the first nine months of 2007 (up 23.9 percent). In the third quarter of 2008 consolidated gross profit reached due to significant contribution of Sysdat GmbH Euro 28.7 million compared with Euro 20.1 million in the same period of 2007, an increase of 42.8 percent. The gross profit margin during the first nine months was 30.0 percent compared with 29.8 percent in the same period of 2007. Consolidated EBITDA was up 9.3 percent in the first nine months, rising to Euro 6.0 million after reaching Euro 5.5 million in the same period of 2007. In the third quarter consolidated EBITDA was up 37.5 percent rising to Euro 2.2 million after reaching Euro 1.6 million in the same period of 2007. In the first nine months consolidated EBIT amounted to Euro 4.2 million. This corresponds to previous year´s level. In the third quarter consolidated EBIT was up 30.5 percent rising to Euro 1.5 million after reaching Euro 1.1 million in the same period of 2007. The CANCOM Group´s consolidated third quarter EBITDA and EBIT have been positively influenced particularly by the acquisition of Sysdat GmbH, hence the shown 2008 results are not fully comparable with the previous year. CANCOM Ltd., the 100% UK subsidiary of the CANCOM Group currently can´t oppose recession in the United Kingdom. In addition there are discrepancies out of a vendor claim resulting from parts of business that have been discontinued already and for which a provision had to be built summarizing this former business area under discontinued operations. Based on the results of an impairment test all options including a sale of the subsidiary will be checked in November. This may result in an amortization in the amount of up to two million EURO of the book value of investment which may account for discontinued operations if applicable. If so the corresponding decrease of result won´t effect the EBIT. It will be unique and non cash, i.e. it won´t have a cash flow reducing effect for the group. For the first time impending recession has shown some marks in the third quarter with regards to the accepted orders. Due to the stronger service business contributing two thirds to the CANCOM group´s Gross Profit in the meantime and due to a solid estate of the balance sheet the management sees itself in a good position compared with many competitors. Note: The German language version of the 9-month-report 2008 will be available on www.cancom.de during November 11 2008. Information and Explaination of the Issuer to this News: The CANCOM Group, formed in 1992, is a leading provider of IT infrastructure and professional services. Being one of the largest German systems houses CANCOM offers its customers a broad range of products and services. As one of the most important partners of HP, IBM, Microsoft, Symantec, Citrix, Apple and Adobe in Germany, CANCOM has crucial know-how in IT in order to provide comprehensive solutions. CANCOM employs around 1,500 staff, thereof 1,000 staff in the professional services division, at more than 20 locations in Germany, Austria, Switzerland and the UK. 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 27.10.2008 --------------------------------------------------------------------------- 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-Adhoc: CANCOM IT Systeme AG: CANCOM IT Systeme AG increases revenue by 23.2 percent during first nine months of 2008
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