CANCOM AG / Key word(s): Half Year Results
27.07.2012 19:54
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
CANCOM grows on a high level in the first half of 2012
Munich, Germany, 27 July 2012 - With publishing figures for the first half
of 2012 CANCOM AG shows a significant growth year-on-year. Thereby revenues
and profits of second quarter of 2012 ended on a constantly high level.
The group's consolidated sales revenues were up 6.6 percent year-on-year to
EUR 268.1 million (first half of 2011: EUR 251.5 million) and show a strong
organic growth. Due to a product shift of Apple MacBook Pro in q2, going
along with a backlog in delivery because of strong customer demand, sales
revenues resulting from this will shift to the third and fourth quarter
2012. Effects on group revenues are estimated three to four million euros.
However group's consolidated sales revenues in q2/2012 reached a
continously high level, with EUR 127.0 million compared with previous
year's EUR 126.9 million.
The consolidated gross profit for the first half of 2012 was up 6.6
percent, from EUR 77.3 million to EUR 82.4 million.
Consolidated EBITDA for the first six months of the current financial year
was EUR 13.4 million, about 24.1 percent higher than the figure of EUR 10.8
million recorded in the first half of 2011. This is equivalent to a
significantly increased EBITDA margin of 5.0 percent as compared with 4.3
percent in 2011. Consolidated EBITDA for the second quarter of 2012 was up
from EUR 6.1 million to EUR 6.4 million (+4.9 percent).
In the first half of 2012 two internal projects, on the one hand the launch
of a new webshop, and on the other hand the implementing of SAP for CANCOM
NSG GmbH, influenced earnings performance. Despite the implementation
costs, a year-on-year increase in earnings was achieved. The projects will
result in sustainable increases in efficiency.
Consolidated EBIT for the first half of 2012 amounts to EUR 10.2 million,
compared with EUR 7.6 million in the first half of 2011 (+34.2 percent).
The consolidated EBIT figure for the second quarter of 2012 is EUR 4.9
million, compared with EUR 4.5 million in the second quarter of 2011 - an
increase of 8.9 percent.
All in all, the adjusted earnings per share from continuing operations for
the first six months of the current financial year were EUR 0.59 compared
with EUR 0.44 in 2011. As reported in a corporate news dated 27 March 2012,
as part of a tax audit, an issue subject to a current fiscal court
proceeding submitted, which results in a fiscal one-time effect. Without
the adjustment for this fiscal one-time effect, earnings per share for the
first half of 2012 amounted EUR 0.53.
Q3/2012 started well. Orders received and invoice of July are significantly
above previous year's level.
Contact:
Beate Rosenfeld
Manager Corporate Communication
CANCOM AG
RidlerstraÃe 37
80339 München
Germany
Tel.: +49 (0) 8225 / 996 1015
Fax: +49 (0) 8225 / 996 4 1015
mail to: beate.rosenfeld@cancom.de
www.cancom.de
27.07.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: CANCOM AG
RidlerstraÃe 37
80339 München
Germany
Phone: +49-(0)8225/996-1000
Fax: +49-(0)8225/996-1033
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
---------------------------------------------------------------------------
DGAP-Adhoc: CANCOM grows on a high level in the first half of 2012
| Source: EQS Group AG