CANCOM SE — Earnings Release 2008

May 13, 2008

News Details

Corporate | 13 May 2008 16:16

CANCOM IT Systeme AG: Figures confirm CANCOM IT Systeme AG’s path of strong growth

CANCOM IT Systeme AG / Quarter Results

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Figures confirm CANCOM IT Systeme AG’s path of strong growth

• € 79.1 million sales revenues in the first quarter of 2008, compared with
  € 69.1 million in the first quarter of 2007 (up 14.5 percent)
• € 24.2 million gross profit in the first quarter of 2008, compared with €
  20.8 million in the first quarter of 2007 (up 16.3 percent)
• € 2.1 million EBITDA in the first quarter of 2008, compared with € 2.0
  million the first quarter of 2007 (up 5.0 percent)

Jettingen-Scheppach, Germany, 13 May 2008

The CANCOM Group, one of the leading German providers of IT infrastructure
and professional services, significantly increased its sales revenues and
EBITDA in the first quarter of 2008, according to preliminary figures.

CANCOM IT Systeme AG made consolidated sales revenues of about € 79.1
million in the first quarter of 2008, in comparison with € 69.1 million in
the same quarter of 2007. The 14.5 percent increase is the result of
organic growth of 5.8 percent that is considerably higher than the market
rate, as well as the inclusion of newly acquired companies in the
consolidated figures. Consolidated gross profit grew by 16.3 percent, from
€ 20.8 million to € 24.2 million.

This year, March had three working days fewer because of the early Easter
holiday, so that in the services business fewer working days could be
charged. However, this seasonal shift will be balanced out over the first
half-year. Nevertheless, consolidated EBITDA rose by 5 percent, from € 2.0
million to € 2.1 million.

As a result of a € 0.1 million increase in depreciation and amortisation,
consolidated EBIT remained at the same level as in the first quarter of
2007, at € 1.6 million.

The consolidated net profit for the period fell slightly from € 1.1 million
to € 0.9 million, since in 2007 it was possible to utilise uncapitalised
tax loss carryovers. This resulted in earnings per share of € 0.09, in
comparison with € 0.10 in the same quarter of 2007.

The German Association of Information Economy, Telecommunications and New
Media (BITKOM) forecasts steady growth of 1.6 percent in the German
information technology and communications market in 2008. However, in view
of the upward trend in incoming orders and the introduction of a new ERP
system, the Executive Board expects that sales revenues and especially
profits will continue to grow. There are also plans for further appropriate
acquisitions.

Note: the English version of the report for the first quarter of 2008 will
be available from 30 May 2008 at www.cancom.de.

Dr. Johannes Mauser
Vice President
Director Corporate Development
CANCOM IT Systeme AG
Messerschmittstr. 20
89343 Jettingen-Scheppach
Germany

Tel.: +49 (0) 8225 / 996 1272
Mob.: +49 (0) 1511 /8833542
Fax: +49 (0) 8225 / 996 4 1272
mail to: johannes.mauser@cancom.de
www.cancom.de

13.05.2008 Financial News transmitted by DGAP

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

End of News DGAP News-Service

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