DGAP-News: CENIT AG / Key word(s): Quarter Results CENIT AG: On-year Q1 hike of 9% in sales and EBIT 14.05.2013 / 07:54 --------------------------------------------------------------------- Stuttgart, 14 May 2013 - During the first 3 months of 2013, CENIT AG was able to increase sales by 9% against the same period of the previous year. The PLM segment grew by 10% on-year, while the EIM segment posted growth of almost 7%. Results developed proportionally to sales and likewise increased by 8.6%. CENIT AG is pleased to note that sales growth is distributed across all product types. Sales of proprietary software were up 74% to EUR k 3,224. During the first 3 months, CENIT Group generated sales revenues of EUR k 31,816 (prior year: EUR k 29,122/9.3%). Sales revenues in CENIT's Consulting and Services segment grew by 2.4% to EUR k 14,884 (prior year: EUR k 14,533). Sales of third-party software increased significantly by approx. 7.4% to EUR k 13,625 (prior year: EUR k 12,681). Sales proceeds from CENIT's proprietary software grew from EUR k 1,854 to EUR k 3,224 (73.9%), owing primarily to successful end-customer sales of the software products FASTSUITE and cenitCONNECT in the PLM field and IBM FileNet System Monitor and ECLISO in the EIM field. The gross yield (operating output less cost of materials) amounted to EUR k 19,238 (prior year: EUR k 18,590), representing growth of 3.5%. CENIT achieved EBITDA of EUR k 2,374 (prior year: EUR k 2,303/3,1%) and EBIT of EUR k 1,786 (prior year: EUR k 1,645/8,6%). Results per share were EUR 0.15 (prior year: EUR 0.15). Orders Development During the first three months, the Group-wide order intake totaled EUR k 34,380 (prior year: EUR k 41,139). On 31 March 2013, orders in hand amounted to EUR k 39,525 (prior year: EUR k 51,468). Asset and Financial Situation The enterprise has no liabilities in relation to credit institutions, either of a short-term or long term nature. On the balance-sheet date, equity capital totaled EUR k 35,925 (31 Dec. 2012: EUR k 34,648), accounting for an equity ratio of 51.8% (31 Dec. 2012: 58.7%). On the balance-sheet date, bank deposits and liquid assets totaled EUR k 32,481 (31 Dec. 2012: EUR k 23,779). The operative cash flow was EUR k 8,980 (prior year: EUR k 8,085). Employees On 31 March 2013, CENIT Group employed 679 staff (prior year: 653). Group-wide personnel costs for the reporting period were EUR k 13,049 (prior year: EUR k 12,488). CENIT is currently training 41 young professionals in various vocations. The trainees include students from the Dual-Training University of Baden-Württemberg (DHBW) in the fields of informatics and economics, as well as trainees in the field of information technology. Outlook CENIT adheres to its most recent annual forecast and continues to expect a 3% increase in annual sales as well as stable EBIT. Against the backdrop of a slowing economy, CENIT expects moderate growth during Q2 2013. Among other factors, the PLM reporting segment is highly dependent on economic conditions and developments in the automotive, aerospace and mechanical engineering industries. Due to the ongoing financial and debt crisis, the EIM segment also faces a difficult market environment. Please visit CENIT's homepage for the full Q1 Report: www.cenit.de/quartalsbericht. About CENIT: CENIT has been successfully active as a specialist for product lifecycle management, enterprise information management solutions and application management services since 1988. CENIT is listed on the Prime Standard of Deutsche Börse and employs about 700 staff. CENIT serves customers such as Allianz, W&W, Daimler, EADS Airbus, Schwäbisch Hall Kreditservice, BWB and Kuka. Many of our clients are medium-sized enterprises, particularly from the automotive and mechanical engineering industry, e.g. Jungheinrich, Flow, Viessmann or Georg Fischer. http://www.cenit.de Please send 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/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. End of Corporate News --------------------------------------------------------------------- 14.05.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 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.de ISIN: DE0005407100 WKN: 540710 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 210827 14.05.2013