DGAP-Adhoc: CANCOM SE: Pironet NDH AG intends to sell its subsidiary Imperia AG

| Source: EQS Group AG EQS Group AG 

CANCOM SE  / Key word(s): Investment

30.12.2014 16:25

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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CANCOM SE: Pironet NDH AG intends to sell its subsidiary Imperia AG 

Munich, Germany, 30 December 2014 - Pironet NDH AG, a majority-owned
subsidiary of CANCOM SE, intends to sell its 100 percent subsidiary Imperia
AG in the near future. The reason for Pironet NDH AG is to focus on the
high profitable data center services business, which shows double-digit
growth currently. Due to the intended sale, the earnings of Imperia AG is
therefore shown under discontinued operations in the consolidated financial
statement of Pironet NDH AG as well as in the consolidated financial
statement of CANCOM SE and the figures for the previous year have been
adjusted accordingly.

An examination at Imperia AG resulted in an extraordinary depreciation on
goodwill and intangible assets in the amount of up to EUR 5 million. The
one-off effect is non-cash and will not affect the operating result from
continuing operations of Pironet NDH AG, as Imperia AG is classified as
"discontinued operation" according to IFRS.

For the consolidated financial statement of CANCOM SE, the classification
as discontinued operation respectively asset held for sale of Imperia AG
and the extraordinary depreciation means a decline of Group EBITDA for the
financial year 2014 in the amount of about EUR 1.0 million. However, there
will be an improvement of Group EBITA as well as Group EBIT out of dropped
depreciation of about EUR 1.5 million, which leads to an increase in
earnings per share from continuing operations of CANCOM SE of EUR 0.02.




Contact:
Beate Rosenfeld
Manager Corporate Communication & IR

CANCOM SE
Erika-Mann-Straße 69
80636 München
Germany
 
Phone: +49 (0) 89 / 54054 5193
mail to: beate.rosenfeld@cancom.de 
www.cancom.de


30.12.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      CANCOM SE
              Erika-Mann-Straße 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 Announcement                             DGAP News-Service
 
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