CANCOM IT Systeme AG / Half Year Results/Quarter Results

08.08.2008

Release of a Corporate News, transmitted by DGAP – a company of EquityStory AG.
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• EUR 157.1 million sales revenues in the first half of 2008, compared with EUR
137.8 million in the first half of 2007 (up 14 percent)
• EUR 47.9 million gross profit, compared with EUR 41.6 million in the first
half of 2007 (up 15.1 percent)
• EUR 3.8 million EBITDA, compared with EUR 3.3 million (as-if basis) recorded
in the first half of 2007 (up 16.4 percent)

Jettingen-Scheppach, Germany, 7 August 2008

The CANCOM Group, one of the leading German providers of IT infrastructure
and professional services, made significant increases in its sales revenues
and profits in the first half of 2008, according to final figures. The
increases are attributed to the Group’s acquisition strategy, in addition
to the rise in demand for IT services.

Consolidated sales revenues rose by 14 percent to EUR 157.1 million, compared
with EUR 137.8 million in the same period of 2007.
Consolidated sales revenues in the second quarter of 2008 amounted to EUR
78.8 million. This represents a 13 percent increase in comparison with the
EUR 69.7 million made in the second quarter of 2007.

As a result of the significant expansion of the Group’s IT services
activities, consolidated gross profit for the first half of 2008 was 15.1
percent higher than in the same period of 2007, at EUR 47.9 million compared
with EUR 41.6 million. This resulted in a gross profit margin of 30.5
percent, compared with 30.2 percent in the same period of 2007.
At EUR 24.2 million, the consolidated gross profit for the second quarter of
2008 was 13.6 percent higher than the EUR 21.3 million achieved in the second
quarter of 2007.

For a clearer comparison with the figures for the same period of 2007, the
following comparative figures for 2007 are shown on an ‘as-if’ basis since
they have been adjusted for a non-recurring item not subject to tax,
comprising EUR 633k in income from the sale of Maily Distribution GmbH in the
second half of 2007.

Consolidated EBITDA was 16.4 percent higher in the second half of 2008 than
in the same period of 2007, at EUR 3.8 million compared with EUR 3.3 million
(as-if basis).
The EBITDA for the second quarter of 2008 was up 31.2 percent on last
year’s figure, at EUR 1.9 million compared with EUR 1.4 million (as-if basis).

Consolidated EBIT was 12 percent higher in the second half of 2008 than in
the same period of 2007, at EUR 2.8 million compared with EUR 2.5 million
(as-if basis).
The consolidated EBIT for the second quarter of 2008 increased by 30.4
percent compared with the same quarter of 2007, from EUR 1.0 million to EUR 1.4
million (as-if basis).

The general slowdown in the economy has yet to make itself shown in
CANCOM’s books, and the Executive Board is moderately optimistic for the
current quarter. The takeover of Sysdat GmbH on 1 August 2008 is expected
to lead to a boost in revenue in the second half of the year, which should
also mean improved earnings. On the whole, the Executive Board therefore
expects 2008 to be another record-breaking year for CANCOM in terms of
revenue and earnings.

Note:
The report for the first six months of 2008 will be available in German
from 11 August 2008 at www.cancom.de. Publication of the report in English
will follow shortly afterwards.

Contact:
Dr. Johannes Mauser
Vice President
Director Corporate Development

CANCOM IT Systeme AG
Messerschmittstr. 20
89343 Jettingen-Scheppach
Germany

Tel.: +49 (0) 8225 / 996 1272
Fax: +49 (0) 8225 / 996 4 1272
mail to: johannes.mauser@cancom.de
www.cancom.de

08.08.2008 Financial News transmitted by DGAP ^[1]

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Language: English
Issuer: CANCOM IT Systeme AG
Messerschmittstraße 20
89343 Jettingen-Scheppach
Deutschland
Phone: +49 (0)82 259 96-1000
Fax: +49 (0)82 259 96-41051
E-mail: ir@cancom.de
Internet: www.cancom.de
ISIN: DE0005419105
WKN: 541910
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf

End of News DGAP News-Service

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