CANCOM SE — Earnings Release 2009

Oct 28, 2009

News Details

Ad-hoc | 28 October 2009 19:41

CANCOM IT Systeme AG: provisional figures for the third quarter of 2009 – revenue and net profit represent a new record

CANCOM IT Systeme AG / Preliminary Results/Quarter Results

28.10.2009

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Jettingen-Scheppach, Germany, 28 October 2009 - The CANCOM Group recorded
further solid growth in the third quarter and the first nine months of the
current financial year despite continued difficulties in the market
environment.

Nine months into 2009, the provisional figure for Group revenue is EUR
293.5 million compared to EUR 242.3 million over the same period in 2008.
This is equivalent to an increase of 21.1 percent. In the same period,
gross profit rose by around 13 percent from EUR 73.8 million to EUR 83.3
million. Consolidated EBITDA for the first nine months was down
approximately 15 percent from EUR 5.9 million to EUR 5.0 million. Compared
to the same period in 2008, earnings before interest and taxes (EBIT)
declined 30 percent from EUR 4.3 million to EUR 3.0 million.

According to provisional calculations, consolidated revenue in the third
quarter showed a year-on-year increase of 2.5 percent from EUR 93.8 million
to EUR 96.1 million. Gross profit for this period was up 3.3 percent from
EUR 27.6 million to EUR 28.5 million. Both EBITDA and EBIT maintained the
levels of the previous year at EUR 2.2 million and EUR 1.5 million
respectively. Cost reductions and a greater concentration on managed
services had a correspondingly positive impact on the Group's consolidated
results.

Results in the current financial year and particularly in the third quarter
were affected by restructuring expenses totalling around EUR 0.4 million at
CANCOM SYSDAT and Home of Hardware, both of which the Group acquired in
2008. Despite these charges to the statement of income, the provisional
figure for consolidated net profit for the period nearly doubled from EUR
0.5 million in the third quarter of 2008 to EUR 1.0 million in the third
quarter of 2009, well beyond the expectations of analysts.

Based on these figures, revenue and net profit for the third quarter of
2009 exceeded not only last year's results but also those for the same
period in 2007, which had been the best results in the 17 year old history
of CANCOM ever.

Earnings per share from continuing operations amount EUR 0.09 in the third
quarter an EUR 0.18 in the nine months of 2009. CANCOM is confident of
gaining earnings per share of EUR 0.25 up to EUR 0.30 in the current
financial year 2009.

All the results shown above are provisional. The complete interim report
for the third quarter and first nine months of 2009 will be published on 9
November 2009 (interim disclosure pursuant to Section 37x paragraph 1,
sentence 2 of the German Securities Trading Act (Wertpapierhandelsgesetz,
WPHG)).

Contact:
Beate Rosenfeld
Corporate Communication Specialist

CANCOM IT Systeme AG
Messerschmittstr. 20
89343 Jettingen-Scheppach
Germany

Tel.: +49 (0) 8225 / 996 1015
Fax: +49 (0) 8225 / 996 4 1015
mail to: beate.rosenfeld@cancom.de
www.cancom.de

28.10.2009 Financial News transmitted by DGAP

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Language: English
Company: CANCOM IT Systeme AG
Messerschmittstr. 20
89343 Jettingen-Scheppach
Deutschland
Phone: +49-(0)8225/996-1000
Fax: +49-(0)8225/996-1033
E-mail: info@cancom.de
Internet: http://www.cancom.de
ISIN: DE0005419105
WKN: 541910
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart, Hamburg

End of News DGAP News-Service

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