CANCOM: further significant growth in sales and profits in the third quarter of 2011

CANCOM AG  / Key word(s): Preliminary Results

26.10.2011 18:24

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Munich, Germany, 26 October 2011 - The preliminary results as at 30
September  2011 for CANCOM AG for the first nine months of 2011 show a
further year-on-year leap in sales revenues and profits. In a quarterly
comparison, the company's earnings before interest and taxes (EBITDA) for
q3 were thus the strongest in the course of the year.

CANCOM's Executive Board attributes the positive trading results to the
persistently strong demand and the IT growth trend cloud computing.

According to the preliminary figures, the group's consolidated sales
revenues were up 18.4 percent year-on-year to EUR 387.0 million, compared
with EUR 326.8 million in the first nine months of 2011. The preliminary
figures for the third quarter are up 10.7 percent year-on-year, from EUR
122.4 million to EUR 135.5 million. Organic growth in the third quarter was
9.5 percent.

Consolidated EBITDA for the first nine months of the current financial year
was according to the preliminary figures EUR 17.4 million, about 62.6
percent higher than the figure of EUR 10.7 million recorded in the first
nine months of 2010. This is equivalent to a significantly increased EBITDA
margin of 4.5 percent as compared with 3.3 percent in 2010. Consolidated
EBITDA for q3/2011 was up 35.4 percent year-on-year, from EUR 4.8 million
to EUR 6.5 million. This is equivalent to an EBITDA margin of 4.8 percent
in q3/2011 compared with 3.9 percent in q3/2010.

Consolidated EBIT for the first nine months of 2011 according to the
preliminary figures amounts to EUR 12.5 million, compared with EUR 7.9
million in 2010 (+58.2 percent). The consolidated EBIT figure for q3/2011
according to the preliminary figures is EUR 4.9 million compared with EUR
3.9 million in the third quarter of 2010 (+25.6 percent).

The preliminary earnings per share for the first nine months of 2011 rose
from EUR 0.47 in 2010 to EUR 0.73. This is equivalent to an increase of
55.3 percent.

The detailed interim report for the first nine months of 2011 will be
published on 10 November 2011 and will be available from that date at
www.cancom.de/berichte.



Contact:
Beate Rosenfeld
Corporate Communication Specialist

CANCOM AG
Ridlerstraße 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




26.10.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language:     English
Company:      CANCOM AG
              Ridlerstraße 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
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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