CANCOM SE — Earnings Release 2001

Jul 30, 2001

News Details

Ad-hoc | 30 July 2001 06:51

Cancom IT Systeme AG english

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– CANCOM IT Systeme AG (German security code: WKN 541 910) Interim results: sales increased 66 % and EBITDA 37 % In first six-months 2001, consolidated sales of CANCOM Group increased by 66 percent over the prior year’s period to DM 196.4 million and, just as the result, are conform with planning. Gross yield in the period under review went up from 12.9 percent in 2000 to 19.5 percent in the first half of 2001, equivalent to a nominal increase of 146 percent from DM 15.2 million to DM 37.3 million. Consequently, the value-added was clearly increased over last year’s comparable period. Consolidated EBITA was DM 3.7 million, that means 37 percent over the first half 2000 figure. As in the prior year, consolidated EBIT reached DM 1.9 million. It must be considered that the prior year’s consolidated EBIT was only slightly influenced by the investment and participation sector, first created in April 2000. Planning envisages that the EBIT of this sector will only result negative in the first six months of 2001. As a result, the investment and participation sector will no longer burden the consolidated EBIT in the second half of 2001. International business went up by 35 percent in the first six months of the year. Annual planning for 2001 forecasts sales of DM 502 million with an EBIT of DM 10.0 million. Despite the actual slowdown in the economic environment, the CANCOM Executive Board assumes that the 2001 target figures will be reached. Our Investor Relations division is happy to answer your questions. For more details, please contact: IR@cancom.de Phone +49 (0)8225 99651 Fax +49 (0)8225 99633 end of ad hoc announcement (c) DGAP 30.07.2001 ——————————————————————————– WKN: 541910 ; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 300651 Jul 01