CANCOM SE — Earnings Release 2007

Mar 18, 2008

News Details

Corporate | 18 March 2008 08:47

CANCOM IT Systeme AG: Profits reach the highest level in the company’s history

CANCOM IT Systeme AG / Final Results

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CANCOM IT Systeme AG: Profits reach the highest level in the company’s
history

CANCOM group closes financial year 2007 with record sales revenues of €
300.1 million, as profits reach the highest level in the company’s history

Jettingen-Scheppach, Germany, 14 March 2008

The consolidated sales revenues of the CANCOM group rose by 13.2 percent to
€ 300.1 million in its financial year 2007, compared with € 265.0 million
in 2006.

Increases in sales revenues were recorded across all divisions, but the IT
solutions segment showed particularly strong gains, with revenues up 41.7
percent, from € 73.2 million in 2006 to € 103.7 million in 2007.

Consolidated gross profit rose by 33.6 percent, from € 66.1 million to €
88.3 million. This increase is attributed to the expansion of the
higher-margin IT services business. The gross profit margin rose from 24.9
percent in 2006 to 29.4 percent in 2007.

Consolidated EBITDA was up 37.9 percent to € 8.0 million, compared with €
5.8 million in 2006, and consolidated EBIT rose by 44.2 percent from € 4.3
million to € 6.2 million.

The consolidated income for the year was double that in 2006, at € 5.2
million compared with € 2.6 million, after minority interest which rose by
95.8 percent, from € 2.4 million to € 4.7 million. This figure includes a
tax item with a net positive impact, arising from German business tax
reform and the quicker use of existing loss carryovers as a consequence of
the positive earnings prospects. This gave rise to an 87.5 percent increase
in earnings per share, from € 0.24 in 2006 to € 0.45 in 2007.

The number of employees had risen to 1,319 by the end of 2007, as a result
of both acquisitions and new appointments.

The cash flow from ordinary activities totalled € 6.0 million as at 31
December 2007. Cash and cash equivalents at the balance sheet date amounted
to € 11.78 million. As Klaus Weinmann, CEO of CANCOM IT Systeme AG,
explained, 'In 2008 we plan to continue investing in acquisitions that will
further advance our business. Our high level of liquidity enables us to do
this.'

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
johannes.mauser@cancom.de
www.cancom.de

18.03.2008 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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