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CANCOM Vision sees EBITDA margin of 6 percent

(PresseBox) (Munich, Germany, ) The TecDAX listed IT Group CANCOM has adjusted its corporate vision due to the very good business development in recent months and the growth opportunities in the business with its own CANCOM Private Cloud solution. According to this CANCOM is still confident to reach revenues of one billion euros with an above-average profitability in the medium-term. This means that the CANCOM Executive Board aims at a Group EBITDA margin of 6 percent in the next four to five years (formerly 5 percent).

"We see the cloud computing business and our own CANCOM AHP Private Cloud solution as our growth-drivers for the coming years", so CANCOM CEO Klaus Weinmann. The company achieves more than EUR 1 million recurring revenues per months out of its cloud portfolio, focused on the CANCOM AHP Private Cloud, even today. Assuming EBITDA margins of minimum 30 percent this business is particularly profitable.

"We currently have a pipeline of several potential cloud project. Each project contributes about EUR 50k in recurring revenues per months after completion and successful approval", Klaus Weinmann describes the strong demand for private cloud implementations at present time. "If the positive development continues, there is a chance for us of cloud recurrings accelerating rapidly and with this the increase of Group EBITDA margin."