31.03.2017
CENIT AG DE0005407100
DGAP-News: CENIT concludes successful 2016 business year: EBIT growth of approx. 12%; Management Board proposes dividend of EUR 1.00 per share
DGAP-News: CENIT AG / Key word(s): Final Results
CENIT concludes successful 2016 business year: EBIT growth of approx. 12%;
Management Board proposes dividend of EUR 1.00 per share
31.03.2017 / 08:13
The issuer is solely responsible for the content of this announcement.
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Stuttgart, March 31, 2017 - CENIT AG has concluded a successful 2016
business year. The software company achieved EBIT growth of approx. 12
percent. Sales increased by around 2 percent. In the proprietary software
field, CENIT was able to boost sales by over 10 percent on-year. Based on
the annual financial statement of CENIT Aktiengesellschaft, Stuttgart, the
Management and Supervisory Boards will propose to the Annual Meeting of
Shareholders on May 12, 2017 that a dividend of EUR 1.00 be disbursed per
share.
During the 2016 business year, CENIT Group achieved total sales revenues of
EUR 123,774 k (2015: EUR 121,479 k/+1.9%). Sales of CENIT's proprietary
software amounted to EUR 17,572 k, an increase of 10.2% over the previous
year EUR 15,949 k. Sales revenues from CENIT Consulting and Services totaled
EUR 48,420 k and thus decreased by -4.8% on-year (EUR 50,862 k). Sales of
third-party software increased by 5.9% to EUR 57,588 k (2015: EUR 54,391 k).
In 2016, gross profits (operating performance less cost of materials)
totaled EUR 77,038 k (2015: EUR 76,379 k), an increase of 0.9%. CENIT
achieved EBITDA in the amount of EUR 14,064 k (2015: EUR 12,696 k/+10.8%)
and EBIT of EUR 11,849 k (2015: EUR 10,601 k /+11.8%). Earnings per share
were EUR 0.97 (2015: EUR 0.87 /+11.5%).
Order Intake
During the 2016 business year, orders received by CENIT Group totaled EUR
124,815 k (2015: EUR 124,901 k). Orders in hand on December 31, 2016
amounted to EUR 35,223 k (2015: EUR 37,914 k).
Asset and Financial Situation
CENIT has no liabilities in relation to credit institutions, whether
short-term or long-term. On the balance-sheet date, the company's equity
capital was EUR 40,578 k (2015: EUR 39,843 k), representing an equity ratio
of 56.2% (2015: 59.6%). On the balance-sheet date, bank deposits and liquid
assets totaled EUR 33,606 k (2015: EUR 33,941 k). Operative cash flow
amounted to EUR 9,055 k (2015: EUR 9,465 k). In 2016, cash flow was
influenced by a dividend payment to shareholders in the total amount of EUR
8,368 k and investments in the amount of EUR 1,221 k.
Employees
On December 31, 2016 CENIT Group employed 615 staff worldwide (2015: 628).
Consolidated personnel expenditures during the reporting period were EUR
48,880 k (2015: EUR 48,554 k). CENIT currently provides training for 40
young professionals in a variety of occupations. Trainees include
informatics and economics students from the Dual University of
Baden-Württemberg (DHBW) and vocational trainees in the field of information
technology.
Dividend
The Management and Supervisory Boards will propose to the General Meeting of
Shareholders on May 12, 2017 that a dividend of EUR 0.50 per share, as well
as the base dividend of EUR 0.50 per share, be disbursed from CENIT AG's
unappropriated profit in the amount of EUR 8,393 k.
Outlook
An equity ratio of well over 50% places CENIT on very secure footing. This
lets CENIT act as a strong and reliable partner to its customers. For the
2017 business year, CENIT Group anticipates sales growth of 2% and a
consistent EBIT.
The complete 2016 Annual Report is available in German and English on the
CENIT homepage: 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 700 employees worldwide who work with customers from: automotive,
aerospace, industrial equipment, tool and mold manufacturing, financial
services, and trade and consumer products industries.
www.cenit.com
Please address queries to:
CENIT AG
Investor Relations
Industriestrasse 52-54, D-70565 Stuttgart
Tel.:+497117825-3320
Fax:+49711782544-4320
Email: [email protected]
Additional Information:
This press release/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 Annual Report of CENIT AG.
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31.03.2017 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.
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Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: 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 protected]
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
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