DGAP-News: CENIT AG / Key word(s): Quarter Results First quarter 2014: CENIT increases EBIT by 21.5% 13.05.2014 / 07:48 --------------------------------------------------------------------- Stuttgart, 13 May 2014 - In the first three months of 2014, CENIT Group achieved a significantly higher EBIT and a decline in sales compared to the same period last year. The PLM segment achieved a slight increase in sales, while the EIM segment has experienced a temporary drop in sales by around 25% compared to the previous year due to ongoing restructuring measures. CENIT AG is pleased to note the continuous rise in sales of proprietary software, which increased by around 5%. During the first 3 months, CENIT Group generated sales revenues of EUR k 29,793 (prior year: EUR k 31,816/-6.4%). Sales revenues in CENIT's Consulting and Services segment declined by -7.3% to EUR k 13,799 (prior year: EUR k 14,884). Sales of third-party software also declined by -8.4% to EUR k 12,479 (prior year: EUR k 13,625). Sales proceeds from CENIT's proprietary software grew from EUR k 3,224 to EUR k 3,392 (5.2%), 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 18,781 (prior year: EUR k 19,238), representing decline of -2.4%. CENIT achieved EBITDA of EUR k 2,767 (prior year: EUR k 2,374/16.6%) and EBIT of EUR k 2,171 (prior year: EUR k 1,786/21.5%). Results per share were EUR 0.19 (prior year: EUR 0.15). Orders Development During the first three months, the Group-wide order intake totaled EUR k 33,874 (prior year: EUR k 34,380). On 31 March 2014, orders in hand amounted to EUR k 32,418 (prior year: EUR k 39,525). 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 37,519 (31 Dec. 2013: EUR k 35,930), accounting for an equity ratio of 55.1% (31 Dec. 2013: 59.5%). On the balance-sheet date, bank deposits and liquid assets totaled EUR k 34,879 (31 Dec. 2013: EUR k 26,632). The operative cash flow was EUR k 9,846 (prior year: EUR k 8,980). Employees On 31 March 2014, CENIT Group employed 674 staff (prior year: 679). Group-wide personnel costs for the reporting period were EUR k 12,592 (prior year: EUR k 13,049). CENIT is currently training 50 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 For the current year, CENIT Group targets sales growth of 5%. With respect to the overall development a proportional development of the segments is expected. Overall, CENIT is anticipating a rise of slightly more than 5% in earnings too (EBIT), which will be contributed to by both business divisions. Please visit CENIT's homepage for the full Q1 Report: www.cenit.com/quartals-bericht. About CENIT: For over 25 years, CENIT has been successfully active as a leading consulting and software specialist for optimizing business processes in the Digital Factory, Product Lifecycle Management (PLM), SAP PLM, Enterprise Information Management (EIM), Business Optimization & Analytics (BOA), and Application Management Services (AMS) fields. CENIT complements standard solutions by strategic partners such as DASSAULT SYSTEMES, SAP and IBM by providing well-established own software solutions. These include the FASTSUITE product family for software solutions in the Digital Factory field, cenitCONNECT for SAP PLM-related processes, cenitSPIN as a high-performance PLM Desktop, as well as CENIT ECLISO for efficient information management. The enterprise employs around 700 staff worldwide, serving customers primarily from the automotive, aerospace, mechanical engineering, tooling and molding, financial services, commercial and consumer goods industries. www.cenit.com 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 --------------------------------------------------------------------- 13.05.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group 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.com ISIN: DE0005407100 WKN: 540710 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 267831 13.05.2014