Archive notice: This article was originally published on May 9, 2008. Links and embedded videos are preserved as part of the historical record.
According to preliminary figures, the CANCOM Group achieved revenue of €79.1 million in the first quarter of 2008, compared with €69.1 million in the previous year, an increase of 14.5 percent. Organic growth was 5.8 percent.
Gross profit rose from €20.8 million to €24.2 million. EBITDA increased from €2.0 million to €2.1 million, while EBIT remained unchanged at €1.6 million. Net income was €0.9 million, compared with €1.1 million in the previous year; earnings per share were €0.09 after €0.10.
While BITKOM expected the German IT market to grow by 1.6 percent, CANCOM’s management board expected a further improvement in the company’s business performance.
