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CANCOM SE — Earnings Release 2007
May 2, 2007
71_rns_2007-05-02_70ea3399-a0d2-4709-aba1-c52186f974fc.html
Earnings Release
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Ad-hoc | 2 May 2007 12:15
First quarter of 2007 brings significant increase in profits for CANCOM IT Systeme AG
CANCOM IT Systeme AG / Quarter Results
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.
First quarter of 2007 brings significant increase in profits for CANCOM IT
Systeme AG
* € 69.1 million sales revenues in the first quarter of 2007,
compared with € 58.4 million in the first quarter of 2006 (up 15.5 percent)
* € 20.8 million gross profit,
compared with € 11.7 million in the first quarter of 2006 (up 78.1 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)
Jettingen-Scheppach, Germany, 2 May 2007
The CANCOM Group, one of the foremost suppliers of IT infrastructure and
professional services, has achieved a significant increase in sales
revenues and profits in the first quarter of 2007, according to preliminary
figures. The main reason for the improvement is the successful expansion of
the group’s higher-margin IT services activities.
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 15.5 percent.
The consolidated gross profit rose by 78.1 percent, from € 11.7 million in
the first quarter of 2006 to € 20.8 million in the first quarter of 2007.
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 rose by 82.1 percent in comparison with the same period
of 2006, from € 0.9 million to € 1.6 million.
Consolidated net profit for the period rose from € 0.6 million in 2006 to €
1.0 million in 2007. This gave 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 Executive Board expects to be able to bring about further increases in
sales revenues and particularly profits in the financial year 2007. The
company also plans to continue to realise appropriate acquisitions.
The interim report for the first quarter of 2007 will be available from 15
May 2007 at www.cancom.de/reports.
Please address any queries to:
CANCOM IT Systeme AG
Armin Blohmann
Investor & Public Relations
Messerschmittstrasse 20
89343 Jettingen-Scheppach
Germany
phone: +49 (0)8225 996 1051
fax: +49 (0)8225 996 4 1051
email: [email protected]
DGAP 02.05.2007
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: [email protected]
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