16.05.2018
CENIT AG DE0005407100
DGAP-News: CENIT with high sales growth in the 1st quarter 2018
DGAP-News: CENIT AG / Key word(s): Quarter Results
CENIT with high sales growth in the 1st quarter 2018
16.05.2018 / 07:31
The issuer is solely responsible for the content of this announcement.
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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: [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.
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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.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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686071 16.05.2018
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