CANCOM IT Systeme AG / Final Results/Preliminary Results
22.02.2008
Release 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.
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CANCOM IT Systeme AG: earnings per share up 88% in 2007 to 0,45 - sharp
rise in sales revenues and profits
Jettingen-Scheppach, Germany, 22 February 2008 - The CANCOM Group achieved
its best ever result in the 2007 financial year, according to the
provisional figures, and is continuing on its path to growth. Consolidated
sales revenues and earnings showed a marked increase on the previous years
figures. The extraordinary increase in profitability is mainly due to the
company's strategic focus on providing services with high profit margins.
The Executive Board expects a further increase in both sales revenues and
profits in the current financial year, driven in part by acquisitions.
In the 2007 financial year the CANCOM Group recorded consolidated sales
revenues of 300,1 million, compared with 265,0 million in 2006, an
increase of 13,2 percent.
Consolidated gross profit improved by some 33,9 percent - from 66,1
million to 88,5 million - following the expansion of the company's IT
services. This represented an improvement in the gross profit margin on the
previous year, up from 24.9 percent to 29,5 percent.
Consolidated EBITDA was up 37,9 percent, rising to 8,0 million after
reaching 5,8 million in 2006.
Consolidated EBIT was up 41,9 percent - from 4,3 million to 6,1
million.
The consolidated income for the year was up from 2,4 million to 4,6
million, an increase of 91,7 percent. This figure includes a net positive
tax effect which can be attributed to the German reform of the sales tax
system and the ensuing ability to utilise existing loss carryovers more
quickly due to the positive outlook in respect of profits.
The result is earnings per share of 0,45, compared with 0,24 in the
previous year, an increase of 87,5 percent.
The annual report for 2007 will be available from 28 March 2008 at
www.cancom.de, Investor Relations.
Dr. Johannes Mauser
Vice President
Director Corporate Development
CANCOM IT Systeme AG
Messerschmittstr. 20
89343 Jettingen-Scheppach
Germany
Tel.: +49 (0) 8225 / 996 1272
Mob.: +49 (0) 1511 /8833542
Fax: +49 (0) 8225 / 996 4 1272
johannes.mauser@cancom.de
www.cancom.de
DGAP 22.02.2008
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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
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DGAP-Adhoc: CANCOM IT Systeme AG: earnings per share up 88% in 2007 to 0,45 - sharp rise in sales revenues and profits
| Source: EQS Group AG