6. February 2020 | Corporate News

CANCOM: Preliminary results for 2019 confirm raised annual forecast

– CANCOM Group closes fiscal year 2019 with preliminary consolidated revenue of EUR 1.64 billion. This corresponds to a revenue growth of 18.9 percent.

– EBITDA (adjusted) rises to EUR 134.0 million and thus by 16.7 percent. EBITDA margin (adjusted) amounts to 8.2 percent.

Munich, Germany, 6 February 2020 – According to preliminary figures, the CANCOM Group has achieved growth of 18.9 percent in consolidated revenue in the 2019 fiscal year, to EUR 1.64 billion (prior year: EUR 1.38 billion). The EBITDA (adjusted)* of EUR 134.0 million, which represents an increase of 16.7 percent, was also very significantly above the prior year’s figure (prior year: EUR 114.8 million). The CANCOM Group’s EBITDA margin (adjusted) for the 2019 fiscal year was therefore 8.2 percent (prior year: 8.3 percent) on the basis of preliminary figures.
The CANCOM Group’s EBITDA under IFRS, i.e. without adjustment, was EUR 123.0 million (prior year: EUR 104.9 million). This represents an increase of 17.3 percent compared to the previous year’s figure.

“The preliminary Group figures for 2019 confirm our annual forecast, which we raised last summer. We have achieved very significant growth, which is supported by a large number of products and solutions in our portfolio and thus has a stable foundation. Backed by this success, we intend to gain further market share while continuing the transformation of the CANCOM Group towards cloud solutions and the high-margin managed services business,” said Rudolf Hotter, CEO of CANCOM SE.

The preliminary figures for the fourth quarter of 2019 show consolidated revenues of EUR 463.6 million (prior year: EUR 415.2 million), EBITDA (adjusted)* of EUR 40.2 million (prior year: EUR 36.6 million) and EBITDA of EUR 35.8 million (prior year: EUR 33.9 million).

The CANCOM Group’s full annual report for 2019, including the forecast for 2020, will be published on 30 March 2020 on in the Investors section.

*For the key figure EBITDA (adjusted), earnings before interest, taxes, depreciation and amortisation in the 2019 financial year were adjusted for special investments in the strategic transformation, ancillary acquisition costs, share-based payments and one-off special income from a property sale totaling EUR 11.0 million (prior year: EUR 9.9 million). A total of EUR 4.4 million (prior year: EUR 2.7 million) was adjusted for EBITDA (adjusted) in the fourth quarter of 2019.

As a Digital Transformation Partner, CANCOM accompanies organizations into the digital future. CANCOM supports customers to simplify complex enterprise IT and increase their business success through the implementation of modern technology. In order to comprehensively meet the IT needs of companies, organizations, and the public sector, CANCOM delivers tailor-made IT end to end from a single source.
The CANCOM Group’s range of IT solutions includes consulting, implementation, services, and the management of IT systems. Customers benefit from the extensive expertise as well as a holistic and innovative portfolio that covers the IT requirements that are necessary for a successful digital transformation. As a hybrid IT integrator and service provider, the Company provides an integrated range of services and solutions including business solutions and managed services, such as cloud computing, analytics, enterprise mobility, IT security, hosting, and as-a-service offerings.

With more than 4,000 employees worldwide, the internationally active CANCOM Group and its efficient partner network ensure market presence and customer proximity in Germany, Austria, Switzerland, Belgium, Great Britain, and the USA. The CANCOM Group is led by Rudolf Hotter (CEO) and Thomas Stark (CFO). The company is headquartered in Munich. CANCOM has an annual revenue of around EUR 1.6 billion and its parent company, CANCOM SE, is listed in the MDAX and TecDAX of the Frankfurt Stock Exchange (ISIN DE0005419105).