29. October 2018 | Corporate News
– According to preliminary figures, consolidated sales in 3Q 2018 rose by 30.1 percent year-on-year to EUR 355.2 million.
– EBITDA of EUR 26.7 million was also 23.6 percent higher than the comparable figure for the previous year and thus strongly improved.
Munich, 29 October 2018 – According to preliminary figures, the CANCOM Group achieved the highest quarterly revenue in its history in the third quarter of 2018 with EUR 355.2 million (previous year: EUR 273.1 million). This corresponds to an improvement of 30.1 percent over the previous year, with organic growth of 22.8 percent. Parallel to this increase in revenue, CANCOM was also able to strongly improve earnings before interest, taxes, depreciation and amortization (EBITDA) despite investments in the cloud business.
“The third quarter continues CANCOM’s success story. The demand for our services is constantly increasing and our success confirms our chosen path of transformation and additional investments in the cloud business. Although we again made additional investments of more than two million euros in the quarter, our EBITDA increased by 23.6 percent to 26.7 million euros. Without these measures, the EBITDA increase would be over 35 percent and thus higher than revenue growth,” said Thomas Volk, CEO of CANCOM SE.
The CANCOM Group’s EBITDA of EUR 26.7 million was 23.6 percent higher than the comparable figure for the previous year (EUR 21.6 million), with organic EBITDA growth of 14.8 percent.
The CANCOM Group’s complete interim report as at 30 September 2018 will be published on 12 November 2018.
Note: The previous year’s EBITDA was adjusted retrospectively by the effect of the first-time application of IFRS 16 in order to ensure comparability.
As Digital Transformation Partner, CANCOM guides businesses into the digital future. The CANCOM Group’s IT solution range encompasses consulting, implementation, services and operation of IT systems. Clients benefit from extensive expertise and an innovative portfolio that covers business IT requirements for a successful digital transformation. IT trends such as cloud computing, analytics, enterprise mobility or security are addressed with business solutions and managed services.
The CANCOM Group operates internationally and has more than 3,000 employees worldwide. Together with a powerful partner network, many geographies enjoy market presence allowing close client proximity including Germany, Austria, Switzerland, Belgium, the United Kingdom and the United States. CANCOM Group is headed by Thomas Volk (CEO), Rudolf Hotter (COO) and Thomas Stark (CFO). The company’s headquarter is in Munich, Germany. CANCOM achieves an annual turnover of more than one billion euros and the group’s parent company CANCOM SE is listed on the Frankfurt Stock Exchange in the indices TecDAX and SDAX (ISIN DE0005419105).