Apple dealer CANCOM: We're RAKING IT IN
EBITDA doubles year-on-year at the German firm
Apple dealer CANCOM has announced whopping third-quarter results, way in excess of the same period last year, citing that old favourite "solid business demand".
The German firm has reported raking in €208.4m worth of sales revenue in the last quarter, compared with €142.3m during the same period in 2013.
This all works out to an EBITDA (earning before income tax, depreciation and amortisation) of €15.5m, almost twice as high as the €8m achieved back in 2013.
Cancom said: "The positive development in the third quarter is driven by solid business demand, from which both reporting segments — IT solutions and cloud solutions — could benefit."
For the whole of the first nine months of 2014, the company's consolidated sales revenues were €583.1m, compared with €417.5m, a year-on-year growth of 39.7 per cent.
Two years ago, London-based reseller Trams Group bought the UK wing of Cancom from its German parent Cancom AG for an undisclosed sum. ®