CANCOM SE — Earnings Release 2004

Aug 11, 2004

News Details

Ad-hoc | 11 August 2004 10:03

CANCOM’s growth continues

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– CANCOM’s growth continues Jettingen-Scheppach, 11 August 2004 – CANCOM Group’s growth has continued during the first six months of 2004 according to the final figures. The company’s sales exceeded the previous year’s values significantly, both during the second quarter and during the entire first half-year of 2004. During the first six months of 2004, consolidated sales of EUR 100.0 million were realised. During the same period of 2003, Group sales after adjustment for discontinued operations amounted to EUR 88.6 million. This constitutes organic sales growth of 12.8 percent. Sales during the second quarter of 2004 amounted to EUR 48.3 million compared with EUR 42.0 million in the second quarter of 2003. This corresponds to an organic growth in sales of 15.0 percent. Group earnings before interest, taxes, depreciation and amortisation (EBITDA) increased significantly from EUR -0.7 million in the first half-year of 2003 to EUR 1.3 million in the first half-year of 2004. For the second quarter of 2004, Group EBITDA was EUR 0.6 million compared to EUR -1.2 million during the previous year’s second quarter. Group earnings before interest and taxes (EBIT) also moved into the black. Although negative Group EBIT of EUR -1.8 million was reported in the first six months of 2003, positive Group EBIT of EUR 0.5 million was realised in the first-half year of 2004. Correspondingly, Group EBIT of EUR 0.2 million was reported for the second quarter of 2004, compared to negative Group EBIT of EUR -1.7 million during the second quarter of 2003. Furthermore a positive free cash flow of EUR 1.6 million was realised in the second quarter of 2004. The reason for the positive business developments is the gradual increase in our customers’ willingness to invest, which the Executive Board expects will improve further in the second half of 2004. The report for the first six months of 2004 will be published on http://www1.cancom.de during the course of the day. For further information, please contact: CANCOM IT Systeme AG Armin Blohmann Investor & Public Relations Messerschmittstraße 20 D-89343 Jettingen-Scheppach Germany Phone: +49 (0)8225 996 1051 Fax: +49 (0)8225 996 1033 E-mail to : armin.blohmann@cancom.de end of ad-hoc-announcement (c)DGAP 11.08.2004 ——————————————————————————– WKN: 541910 ; ISIN: DE0005419105; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover und Stuttgart 111003 Aug 04