Brief: Cancom 2021 Group EBIT Up 31% At EUR 77.5 Mln

Cancom SE

08/02/2022 07:05

Feb 8 (Reuters) - Cancom Se  COKG.DE :
    * CANCOM: STRONG FINISH TO THE YEAR - CANCOM ENDS 2021 WITH
31
PERCENT EBIT GROWTH
    * FY EBITDA 121.5 MILLION EUR VERSUS 99.9 MILLION EUR YEAR
AGO
    * GROUP REVENUE INCREASES VERY SIGNIFICANTLY TO EUR 1.31
BILLION
IN 2021 FINANCIAL YEAR (PRIOR YEAR: EUR 1.18 BILLION)
    * GROUP EBITDA ALSO IMPROVED SIGNIFICANTLY TO EUR 121.5
MILLION
(PRIOR YEAR: EUR 99.9 MILLION). EBITDA MARGIN RISES TO 9.3
PERCENT (PRIOR YEAR: 8.5 PERCENT)
    * GROUP EBIT JUMPS TO EUR 77.5 MILLION (PRIOR YEAR: EUR 59.3
MILLION) AND THUS BY 31 PERCENT.
    * CEO - WE WERE ABLE TO ACHIEVE HIGHEST YEAR-ON-YEAR EBITDA
INCREASE IN LAST TEN YEARS
    * BASED ON PRELIMINARY FIGURES AND EXPECTED CASH FLOW FROM
OPERATING ACTIVITIES OF OVER EUR 70 MILLION IN FINANCIAL YEAR
2021, CANCOM GROUP HAS CASH AND CASH EQUIVALENTS OF AROUND EUR
700 MILLION (CASH AND TREASURY SHARES) AS AT 31 DECEMBER 2021
    * OUR GREAT FINANCIAL LEEWAY FOR ACQUISITIONS AND
EXTRAORDINARILY
STRONG ORGANIC EBITDA GROWTH OF 17 PERCENT ARE AN EXCELLENT
BASIS ON WAY TO OUR AMBITIOUS VISION 2025

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