CENIT 9 months figures 2018: Sales up by around 21 percent
Stuttgart, November 6th, 2018 - In the first nine months, CENIT AG increased its sales by around 21 percent. The company recorded significant growth in sales of third-party software (+43.1%), whereas sales of its own software declined (-8.3%).
In the reporting period, CENIT group generated revenues of EUR k 123,306 (prior year: EUR k 102,219/20.6%). Revenues from CENITs consulting and services segment decreased by -2.4% to EUR k 36,852 (prior year: EUR k 37,746). Sales of third-party software rose significantly by 43.1% to EUR k 75,620 (prior year: EUR k 52,853). Sales from CENIT's proprietary software decreased from EUR k 11,409 to EUR k 10,461 (-8.3%).
The gross result (operating output less cost of materials) amounted to EUR k 63,655 (prior year: EUR k 57,360), representing an increase of 11.0%. CENIT achieved an EBITDA of EUR k 6,927 (prior year: EUR k 8,634/-19.8%) and an EBIT of EUR k 4,731 (prior year: EUR k 6,926/-31.7%). The result per share was EUR 0.41 (prior year: EUR 0.56).
Orders Development During the first nine months, the group-wide order intake totaled EUR k 125,130 (prior year: EUR k 98,708). On 30 September 2018, order backlog amounted to EUR k 47,285 (prior year: EUR k 58,152).
Assets and Liabilities CENIT's bank borrowings amount to EUR k 3 (31 Dec. 2017: EUR k 3,152) and are entirely of short-term nature. On 30 September 2018 equity totaled EUR k 35,862 (31 Dec. 2017: EUR k 40,855), accounting for an equity ratio of 47.2% (31 Dec. 2017: 46.8%). Cash and cash equivalents (bank deposits and liquid assets) totaled EUR k 18,278 (31 Dec. 2017: EUR k 23,692). The operative cash flow was EUR k 9,565 (prior year: EUR k 6,501).
Employees On 30 September 2018, CENIT group employed 739 staff (prior year: 746). Group-wide personnel costs for the reporting period were EUR k 43,825 (prior year: EUR k 37,720).Outlook For the current year, CENIT expects total sales in the range of EUR 175 to 180 million. Based on the course of the business year to date, CENIT expects an operative result (EBIT) of around EUR 10 million.
Please visit CENIT's homepage for the full 9 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 over 25 years! CENIT has over 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: email@example.com
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.
06.11.2018 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: firstname.lastname@example.org 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