CANCOM SE — Earnings Release 2007

May 15, 2007

News Details

Ad-hoc | 15 May 2007 09:06

CANCOM IT Systeme AG achieves increase in profits and raises guidance figures

CANCOM IT Systeme AG / Quarter Results

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
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The issuer is solely responsible for the content of this announcement.

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CANCOM IT Systeme AG achieves increase in profits and raises guidance
figures

* € 69.1 million sales revenues in the first quarter of 2007, compared with
€ 58.4 million in the first quarter of 2006 (up 18.3 percent)
* € 1.6 million EBIT, compared with € 0.9 million in the first quarter of
2006 (up 82.1 percent)
* € 0.10 earnings per share, compared with € 0.06 in the first quarter of
2006 (up 66.7 percent)
* Sales revenues guidance for 2007: € 300 million
* EBIT guidance for 2007: € 6.5 million

Jettingen-Scheppach, Germany, 15 May 2007

The CANCOM Group, one of the foremost German suppliers of IT infrastructure
and professional services, has achieved a significant increase in sales
revenues and profits in the first quarter of 2007. The positive results are
primarily due to the positive trend in the group’s IT services business.

Consolidated sales revenues in the first quarter of 2007 amounted to
approximately € 69.1 million, compared with € 58.4 million in the same
period of 2006 – an increase of 18.3 percent.

The consolidated gross profit rose by 78.1 percent, from € 11.7 million to
€ 20.8 million. This has resulted in an increase in the gross profit margin
from 20.0 percent to 30.1 percent.

Consolidated EBITDA was up 77.8 percent, from € 1.1 million in the first
quarter of 2006 to € 2.0 million in the first quarter of 2007.
Consolidated EBIT was up 82.1 percent, from € 0.9 million to € 1.6 million.

The consolidated net profit for the period rose from € 0.6 million in 2006
to € 1.0 million in 2007. This gives rise to an increase of 66.7 percent in
earnings per share, from € 0.06 in the first quarter of 2006 to € 0.10 in
the first quarter of 2007.

The Transfer of the consolidated net profit for the period to net profits
for the year, along with a fall in the balance sheet total, gave rise to a
further strengthening of the equity base. The equity ratio has risen to
44.1 percent, compared with 38.9 percent as at 31 December 2006.
The repayment of the existing mortgage loan of € 4.0 million following the
sale of the company headquarters, which was announced on 7 May, will
contribute to a further reduction in the balance sheet total and therefore
to an increase in the equity ratio.

Against the background of the positive business trend in the first quarter,
the Executive Board has raised its guidance figures for the financial year
2007.
Assuming that the economy continues its upward trend, consolidated sales
revenues of at least € 300 million are expected for the year as a whole
(2006: € 265 million) and consolidated EBIT of at least € 6.5 million
(2006: € 4.3 million).

The German language version of the interim report for the first quarter of
2007 is available from today at www.cancom.de/berichte.

Any queries should be addressed to:

Armin Blohmann
Director Corporate Communications & Corporate Affairs
CANCOM IT Systeme AG
Messerschmittstrasse 20
89343 Jettingen-Scheppach
Germany
Phone: +49 (0)8225 / 996 1051
Fax: +49 (0)8225 / 996 4 1051
armin.blohmann@cancom.de
www.cancom.de

DGAP 15.05.2007

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
www: www.cancom.de
ISIN: DE0005419105
WKN: 541910
Indices:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf

End of News DGAP News-Service

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