CENIT with high sales growth in the 1st quarter 2018
Stuttgart, May 16th, 2018 - After three months, CENIT AG was able to significantly increase its sales and sales revenues from third-party software, in particular through the acquisition of the KEONYS Group. On the other hand, EBIT decreased by 13% in the first quarter due to the decline in the sale of own software.
During the first three months, CENIT group generated sales revenues of EUR k 40,934 (prior year: EUR k 29,955/36.7%). Sales revenues in CENITs consulting and services segment increased by 2.5% to EUR k 12,553 (prior year: EUR k 12,245). Sales of third-party software decreased by approx. 83.8% to EUR k 24,694 (prior year: EUR k 13,435). Sales proceeds from CENIT's proprietary software decreased from EUR k 4,160 to EUR k 3,616 (-13.1%).
The gross yield (operating output less cost of materials) amounted to EUR k 21,509 (prior year: EUR k 18,584), representing an increase of 15.7%. CENIT achieved EBITDA of EUR k 2,153 (prior year: EUR k 2,656/-18.9%) and EBIT of EUR k 1,428 (prior year: EUR k 2,154/-33.7%). Results per share were EUR 0.13 (prior year: EUR 0.17).
Orders Development During the first three months, the group-wide order intake totaled EUR k 53.505 (prior year: EUR k 33,198). On 31st March 2018 orders in hand amounted to EUR k 58.048 (prior year: EUR k 32,488).
Asset and Financial Situation On the balance-sheet date, equity capital totaled EUR k 41,719 (31 Dec. 2017: EUR k 40,855), accounting for an equity ratio of 41.4% (31 Dec. 2017: 46.8%). On the balance-sheet date, bank deposits and liquid assets totaled EUR k 33,736 (31 Dec. 2017: EUR k 23,692). The operative cash flow was EUR k 13,929 (prior year: EUR k 10,081).
Employees On 31st March 2018, CENIT group employed 758 staff (prior year: 613). Group-wide personnel costs for the reporting period were EUR k 15,209 (prior year: EUR k 12,650).Outlook For the current year, the CENIT Group is anticipating a sales growth by 25% with unchanged earnings (EBIT) compared to the previous year.
Please visit CENIT's homepage for the full 3 Months Report 2018: www.cenit.com/reports.
About CENIT: CENIT is your partner for successful digital transformation. With a broad solutions and services portfolio, CENIT enables clients to optimize their horizontal and vertical business processes. Our solutions are based on innovative technologies in: product lifecycle management, the digital factory and enterprise information management. With interdisciplinary knowledge of the processes involved and their considerable expertise in the field, CENIT consultants provide customers with end-to-end advice to ensure that solutions are implemented with an understanding of the entire value chain. With a holistic approach and based on trusted partnerships, CENIT takes responsibility for solutions on behalf of our clients. From the initial consultation to the introduction of innovative IT solutions, right through to ensuring a cost-effective operation. The CENIT team adapts to each client, taking a practical approach, which enables measurable, operational optimizations. CENIT has been helping prestigious customers in key industries to gain competitive advantages for 30 years! CENIT has around 800 employees worldwide who work with customers from: automotive, aerospace, industrial equipment, tool and mold manufacturing, financial services, and trade and consumer products industries.Please send queries to: CENIT AG Investor Relations Industriestrasse 52-54, D-70565 Stuttgart Tel.:+497117825-3320 Fax:+49711782544-4320 Email: firstname.lastname@example.org
Additional Information: This press/ad hoc report may contain future-oriented statements regarding the business, financial and earnings situation of, as well as profit projections for, CENIT. Such future-oriented statements are characterized by terms or statements such as "the company may" or "the company will", "expects", "assumes", "is considering", "intends to", "plans", "believes", "will continue to" and/or "estimates", as well as similar terms and statements. Such statements contain no guarantee that the projections will in fact be achieved. Rather, such statements involve risks, imponderables and assumptions that are difficult to predict and, in addition, are based on assumptions as to future events which may prove to be incorrect. For this reason, actual events may diverge significantly from the assumptions contained in the respective statement. In a future-oriented statement by which CENIT expresses expectations or assumptions with regard to future events, these expectations or assumptions are made in good faith, and it shall be assumed that they are made upon an appropriate basis; however, it cannot be guaranteed that the said statements, expectations or assumptions shall indeed occur, or be attained or fulfilled. The actual operative result may diverge significantly from such future-oriented statements and is subject to certain risks. In this regard, please refer to the Business Report of CENIT AG.
16.05.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: CENIT AG Industriestraße 52 - 54 70565 Stuttgart
Germany Phone: +49 (0)711 78 25 - 30 Fax: +49 (0)711 78 25 - 4000 E-mail: email@example.com Internet: www.cenit.com ISIN: DE0005407100 WKN: 540710 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service