PRESS RELEASE: CANCOM SE: Improved Service Business and High Margin in Trading Business Boost EBITDA Margin


DGAP-News: CANCOM SE / Keyword (s): 9-month figures CANCOM SE: Improved service activities and high margin in trading activities boost EBITDA margin 2021-11-11 / 08 : 04 The sender is solely responsible for the content of this advertisement.

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– Group sales for the third quarter of 2021 up 5.6% year-on-year to € 302.6 million.

– EBITDA in the third quarter increased by 30.4% year-on-year to 32.3 million euros. EBITDA margin therefore at 10.7%.

– Annual Recurring Revenue (ARR) as of September 30 was up 23.6% year-on-year.

– Annual forecasts for 2021 already recorded on October 27, 2021.

Munich, Germany, November 11, 2021 – In the third quarter of 2021, the CANCOM group achieved an EBITDA margin of 10.7%. This extraordinarily high level of profitability was achieved mainly through an increase in revenue and margin in the service activities, as well as a very good margin in the sale of hardware and software. Overall, CANCOM Group revenue in the third quarter of 2021 increased 5.6% year-on-year to € 302.7 million (previous year: € 286.6 million). Organically, that is, without the influence of the acquired companies, the growth rate was 3.0%. EBITDA amounted to 32.3 million euros in the third quarter, an increase of 30.4% year-on-year (previous year: 24.8 million euros). EBIT amounted to EUR 20.7 million during the same period and was therefore 44.6% higher than in the previous year (previous year: EUR 14.3 million).

“Given the market environment with weakened GDP forecasts and well-known bottlenecks for hardware supply, it is once again evident that the megatrend towards digitization is uninterrupted and that a portfolio state-of-the-art IT services is the key to our success.In addition, the availability of various hardware products was significantly limited which, on the one hand, resulted in an extremely large backlog that still needs to be processed. On the other hand, we were in a very good negotiating position with regard to the pricing of existing products during the quarter just ended, ”said Rudolf Hotter, CEO of CANCOM SE.

At the end of the third quarter, the results of the CANCOM group for the period from January 1 to September 30, 2021 are as follows: 839.3 million euros). The organic share of this growth was 10.9%. The Group’s EBITDA amounted to 84.6 million euros, up 39.7% compared to the previous year (previous year: 60.5 million euros). The EBITDA margin was thus 8.9% (previous year: 7.2%). The Group’s EBIT for the nine-month period increased by 71.1% to 52.1 million euros (previous year: 30.5 million euros).

Cloud and IT solutions show exceptionally high profitability

In the Cloud Solutions segment, in which CANCOM maps the Managed Services business and associated recurring revenue, Q3 2021 brought a 4.2% increase in segment revenue to € 63.0 million (prior year: 60.4 million euros). Segment EBITDA increased by 18.7% to reach 20.1 million euros during the same period (previous year: 16.9 million euros). The segment’s EBITDA margin was 31.9% (previous year: 28.0%). Annual recurring revenue (ARR), which also comes entirely from the cloud solutions segment, amounted to € 170.4 million as of September 30, 2021, up 23.6% year-on-year. ‘other (September 30, 2020: 137.9 million euros). As a result, the Cloud Solutions segment shows a revenue growth of 3.8% for the nine-month period, or a revenue of 176.9 million euros (previous year: 170.4 million euros). ‘euros), EBITDA growth of 20.3% to 55.4 million euros (previous year: 46.0 million euros), and therefore an EBITDA margin of 31.3%.

The group’s IT Solutions segment, characterized by IT project activity, recorded segment revenue growth of 6.0% to € 239.7 million in the third quarter of 2021 (previous year: 226, 1 million euros). At 16.1 million euros, segment EBITDA increased by 36.8% compared to the previous year (previous year: 11.8 million euros). The segment’s EBITDA margin thus amounted to 6.7% (previous year: 5.2%). In the nine-month period, IT Solutions segment revenue was € 770.8 million, up 15.2% from the previous year (previous year: 668.9 millions of euros). Segment EBITDA increased by 35.7% to 41.8 million euros (previous year: 30.8 million euros) and the EBITDA margin was 5.4% (previous year: 4.6% ).

Net profit for the period and cash flow influenced by the effects of the sale of CANCOM LTD The net profit of the CANCOM Group for the period from January 1 to September 30, 2021 amounts to 260.9 million euros, mainly reflecting the high profit the divestiture of commercial activities in the United States. United Kingdom and Ireland (previous year: € 41.5 million).

Cash and cash equivalents amounted to € 582.5 million as at September 30, 2021, also largely due to the sale of CANCOM LTD (December 31, 2020: € 338.4 million).

2021 annual forecast noted

Based on the preliminary results for the first nine months of fiscal 2021, the CANCOM SE Management Board had already announced on October 27, 2021 that it was raising its annual forecasts for 2021. The Management Board now expects very significant growth in figures. Group sales, Group gross margin and Group EBITDA during fiscal year 2021 (previously: significant growth in each case). The Group’s EBITA forecast, which already predicted very significant growth, remained unchanged.

For the Group’s IT solutions segment, the Management Board now expects very significant growth in turnover and EBITDA (previously: significant growth in each case).

For the Group’s Cloud Solutions segment, the Management Board has not changed its forecast for very significant growth in revenue, EBITDA and annual recurring revenue for fiscal year 2021.

The complete CANCOM Group interim statement as of September 30, 2021 will be published at 10:00 a.m. (CET) on the website www.cancom.de in the Investors section.

About CANCOM As a digital transformation partner, CANCOM supports businesses in the digital future. We help our clients reduce the complexity of their IT and increase their business success through the use of advanced technologies. In order to holistically map the IT needs of businesses, organizations and the public sector, CANCOM offers tailor-made IT from A to Z from a single source.

The IT solutions offered by the CANCOM Group include the consultation, implementation, services and operation of IT systems. Clients benefit from our broad expertise and a holistic and innovative portfolio that covers the IT needs of businesses necessary for a successful digital transformation. As an IT integrator and hybrid service provider, we offer a range of services and solutions including business solutions and managed services such as cloud computing, analytics, enterprise mobility, IT security, l hosting and offers as a service.

The CANCOM group’s workforce of around 4,000 and an efficient network of partners ensure a market presence and proximity to customers in countries such as Germany, Austria, Switzerland, Belgium and the United States. United States. The CANCOM Group is headed by Rudolf Hotter (CEO), Thomas Stark (CFO) and Rüdiger Rath (COO). The company is headquartered in Munich. CANCOM generated annual revenue of around 1.3 billion euros in 2020 and the group’s parent company, CANCOM SE, is listed on the Frankfurt Stock Exchange in the MDAX and TecDAX (ISIN DE0005419105).

Contact Sebastian Bucher Manager Investor Relations Phone: +49 89 54054 5193 E-mail: [email protected]

Note If you do not wish to receive information from us by e-mail, please write to [email protected]

Data Protection Notice You are receiving this message because you have been included on the CANCOM mailing list for investor information. You have been included because you have already expressed the wish to be informed of company news. CANCOM stores and processes personal data about you, such as your name and email address, in order to be able to provide this service to you. CANCOM retains and uses this data exclusively to keep abreast of developments in investor communications and to be able to communicate with investors in the context of investor relations activities.

General information on the use of data by CANCOM CANCOM will not pass on personal data collected in the course of investor relations activities to third parties without the express consent of the person concerned. The only exception to this rule is if CANCOM is requested to provide data by competent authorities such as the Federal Financial Supervisory Authority. Even after you have consented to receive investor information from us, thereby allowing CANCOM to store and use your personal data, you have the right to revoke this consent at any time. All you have to do is send an informal message by e-mail to [email protected] or [email protected] For more information on CANCOM’s privacy policy, the contact person or your individual rights as a data subject, please visit our website at https://www.cancom.de/datenschutz-cancom/.

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2021-11-11 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this advertisement. DGAP’s distribution services include regulatory announcements, financial / corporate news, and press releases. Archives on www.dgap.de

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November 11, 2021 02:04 ET (07:04 GMT)


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