CANCOM SE — Earnings Release 2008

Feb 11, 2009

News Details

Ad-hoc | 11 February 2009 17:34

CANCOM IT Systeme AG: Provisional figures – revenues and operative result at record level

CANCOM IT Systeme AG / Preliminary Results

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Jettingen-Scheppach, Germany, 11 February 2009 – The provisional figures
show that in financial year 2008 the CANCOM Group increased its
consolidated sales revenues by 24.5 percent to € 345.6 million, as compared
with € 277.5 million in financial 2007.

Consolidated gross profit was up due to the expansion of the IT service
business, rising from € 82.5 million to € 104.4 million (up 26.5 percent).
As a result, the gross profit margin rose from 29.7 percent to 30.2
percent.

According to the provisional figures, consolidated EBITDA rose
significantly by 21.1 percent, from € 7.6 million to € 9.2 million.

Consolidated EBIT was up by 18.6 percent, rising from € 5.9 million to €
7.0 million.

The consolidated income for the year, according to the provisional figures,
reflects the positive, one-time effects resulting from the takeover of Home
of Hardware (€ 1.5 million) and the burden resulting from the discontinued
operations in the UK (€ 1.9 million). So with the additional burden of a
higher tax rate, consolidated net profit was down on that of the previous
year, € 2.7 million as compared with € 5.2 million.

Consequently, earnings per share were lower than in the previous year, i.e.
€ 0.26 as compared with € 0.45. After being adjusted to take account of the
discontinued operations in the UK, earnings per share amounted to € 0.44.

The number of employees had risen from 1,319 to 1,745.

The annual report 2008 with the final figures will be published on March
31st 2009 and will be available at www.cancom.de.

In view of the acquisitions made in 2008 and the positive business
development, which remains pleasing despite the difficult market
conditions, the Executive Board generally expects a significant increase in
revenues in 2009. A positive effect has the high cash flow, which, despite
the Group's investments, caused the cash figure to rise from
€ 11.4 million to € 18.3 million as at the balance sheet date.

Contact:
Dr. Johannes Mauser
Vice President
Director Corporate Development

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

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

11.02.2009 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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