DGAP-News: CANCOM SE / Key word(s): Quarter Results
CANCOM: strong growth in sales revenues and profits in first quarter
13.05.2014 / 11:08
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CANCOM: strong growth in sales revenues and profits in first quarter
- Consolidated sales revenues: EUR 185.4 million (up 37.2 percent year on
year)
- Adjusted consolidated EBITDA: EUR 10.6 million (up 51.4 percent year on
year)
- Adjusted consolidated EBITA: EUR 7.7 million (up 51.0 percent year on
year)
Munich, Germany, 13 May 2014 - The CANCOM group has recorded a significant
year-on-year increase in sales revenues and profits in the first quarter of
2014 - the best first quarter in the history of the company. Commenting on
the group's strong performance in the first quarter, CANCOM's CEO Klaus
Weinmann said: 'Our growth continues unabated.'
In the first three months of the current fiscal year consolidated sales
revenues were up 37.2 percent at EUR 185.4 million compared with EUR 135.1
million in the same quarter of 2013. The reason for this was that business
was good across more or less all segments and group companies. The organic
growth was 13.1 percent.
The consolidated gross profit was increased by 39.5 percent to EUR 61.1
million, in comparison with EUR 43.8 million in the first quarter of 2013.
This was owing to the successful expansion of the high-margin services
business.
The consolidated EBITDA before non-recurring items in the first quarter of
2014 was up 51.4 percent, at EUR 10.6 million compared with EUR 7.0 million
in 2013. As a result, the adjusted EBITDA margin was up from 5.2 percent in
the first quarter of 2013 to 5.7 percent in the same period of 2014.
Non-recurring items totalling EUR 0.5 million are external expenses
connected with the most recent acquisitions, which cannot be capitalized
according to IFRS, and costs not arising from operating activities.
Consolidated earnings before interest, tax and amortization (EBITA), also
excluding non-recurring items, amount to EUR 7.7 million - an increase of
51.0 percent on the consolidated EBITA figure of EUR 5.1 million for the
first quarter of 2013.
The earnings per share for the first three months of the year, adjusted for
non-recurring items and amortization, was EUR 0.33 compared with EUR 0.30
in the previous year (q1/2013 adjusted for amortization on intangible
assets from purchase price allocation (PPA)).
The CANCOM group's balance sheet as at March 31, 2014 continues to show a
solid asset and financial structure. There was an increase in equity from
EUR 162.9 million as at December 31, 2013 to EUR 182.3 million as at March
31, 2014. Owing to the increase in total assets as a result of the
expansion of the group's business activities, the equity ratio was down
slightly at 48.2 percent on March 31, 2014 compared with 50.7 percent as at
December 31, 2013. As at March 31, 2014, CANCOM employed a total of 2,750
people across the group in Germany, Austria and the United States.
Contact:
Beate Rosenfeld
Manager Corporate Communication & IR
CANCOM SE
Erika-Mann-StraÃe 69
80636 München
Germany
Phone: +49 (0) 89 / 54054 5193
mail to: beate.rosenfeld@cancom.de
www.cancom.de
End of Corporate News
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13.05.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: CANCOM SE
Erika-Mann-StraÃe 69
80636 München
Germany
Phone: +49-(0)89/54054-0
Fax: +49-(0)89/54054-5119
E-mail: info@cancom.de
Internet: http://www.cancom.de
ISIN: DE0005419105
WKN: 541910
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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268065 13.05.2014
DGAP-News: CANCOM: strong growth in sales revenues and profits in first quarter
| Source: EQS Group AG