CANCOM SE — Earnings Release 2006

Mar 2, 2007

News Details

Ad-hoc | 2 March 2007 09:45

CANCOM IT Systeme AG had the best financial year in the company’s history

CANCOM IT Systeme AG / Final Results

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CANCOM IT Systeme AG had the best financial year in the company’s history

• Sales revenues 2006: € 265 million (up 17.2 percent)
• EBITDA 2006: € 5.8 million (up 51.8 percent)
• EBIT 2006: € 4.3 million (up 80.4 percent)
• Earnings per share 2006: € 0.24 (up 118.2 percent)
• As if sales revenues 2006: € 292.9 million (up 29.5 percent)
• As if EBITDA 2006: € 7.6 million (up 99.5 percent)
• As if EBIT 2006: € 5.8 million (up 141.7 percent)

Jettingen-Scheppach, Germany, 2 March 2007 – The growth trend of the CANCOM
Group continued in financial year 2006. In the best financial year to date
in the company’s history consolidated sales revenues and consolidated
profit were substantially higher than the respective figures for the
previous year. The reason for the positive business development was
primarily the successful expansion of service activities and the upturn in
commercial transactions.
The Executive Board expects a further increase in sales figures and profit
in the current financial year.

The CANCOM Group achieved consolidated sales revenues totalling € 265.0
million after € 226.1 million for the financial year 2005 (up 17.2
percent).

The consolidated gross profit rose by 53.9 percent from € 43.0 million to €
66.1 million thanks to the expansion in the IT services business. The gross
profit margin thus increased from 19.0 percent to 24.9 percent compared
with the previous year.

The consolidated EBITDA increased by 51.8 percent from € 3.8 million to €
5.8 million compared with the previous year.

The consolidated EBIT was 80.4 percent higher than for the same period in
2005 increasing from € 2.4 million to € 4.3 million.

The consolidated income for the year rose from € 1.0 million to € 2.4
million (up 140.5 percent).
This resulted in earnings per share of € 0.24 compared with € 0.11 in the
previous year (up 118.2 percent).

A voluntary back-payment to personnel, who had temporarily sacrificed
salaries in 2003, and a non-recurring adjustment in the value of the
merchandise information system, which will be replaced by a new system in
the near future, lowered the reported profit by a one-off burden of € 0.5
million. In addition NSG GmbH, which was acquired last year, was only
consolidated from the second half of 2006.
If these non-recurring effects are excluded and an as if consolidation of
NSG GmbH from 1 January 2006 is assumed the reporting figures read as
follows: consolidated sales revenues: € 292.9 million (up 29.5 percent),
consolidated EBITDA: € 7.6 million (up 99.5 percent)
and consolidated EBIT: € 5.8 million (up 141.7 percent).

The Executive Board expects that, thanks to organic growth and cost
optimisation measures, it will be possible to further increase the above
shown as if results in the financial year 2007. Further growth through
appropriate acquisitions is also planned.

The annual report for the year 2006 shall be published on the company’s
website (www.cancom.de) under Investor Relations on 30 March 2007.

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: armin.blohmann@cancom.de

DGAP 02.03.2007

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

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