DGAP-News: CENIT AG / Key word(s): Quarter Results First quarter 2015: CENIT increases EBIT by 10.7%, sales in line with expectations 05.05.2015 / 08:00 --------------------------------------------------------------------- Stuttgart, 5 May 2015 - While in the first three months of 2015 CENIT increased sales in line with the expectations by 2% the company reported a significantly higher EBIT compared to the same period last year. Sales in the segments PLM (+2.0%) and EIM (+2.5%) increased proportionally compared to the same period last year. Very encouraging is the increase in sales of own software by around 25% compared to the same period last year. During the first 3 months, CENIT Group generated sales revenues of EUR k 30,426 (prior year: EUR k 29,793/2.1%). In the PLM segment, CENIT achieved Q1 earnings of EUR k 24,077 (prior year: EUR k 23,599/2.0%). The EIM segment attained a sales total of EUR k 6,349 against EUR k 6,193 during the same period of 2014 (2.5%). Sales revenues in CENIT's Consulting and Services segment declined by -8.1% to EUR k 12,676 (prior year: EUR k 13,799). Sales of third-party software grew by 7.5% to EUR k 13,414 (prior year: EUR k 12,479). Sales proceeds from CENIT's proprietary software grew from EUR k 3,392 to EUR k 4,264 (25.7%), owing primarily to successful end-customer sales of the software products FASTSUITE and cenitCONNECT in the PLM/Industry 4.0 field and IBM FileNet System Monitor in the EIM division. The gross yield (operating output less cost of materials) amounted to EUR k 19,794 (prior year: EUR k 18,781), representing a growth of 5.4%. CENIT achieved EBITDA of EUR k 2,901 (prior year: EUR k 2,767/4.9%) and EBIT of EUR k 2,402 (prior year: EUR k 2,171/10.7%). Results per share were EUR 0.22 (prior year: EUR 0.19). Orders Development During the first three months, the Group-wide order intake totaled EUR k 39,250 (prior year: EUR k 33,874). On 31st March 2015, orders in hand amounted to EUR k 35,884 (prior year: EUR k 32,418). 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 41,898 (31st Dec. 2014: EUR k 39,352), accounting for an equity ratio of 55.9% (31st Dec. 2014: 58.8%). On 31st March 2015 bank deposits and liquid assets totaled EUR k 41,739 (31st Dec. 2014: EUR k 33,250). The operative cashflow was EUR k 8,239 (prior year: EUR k 9,846). Employees On 31 March 2015, CENIT Group employed 640 staff (prior year: 674). Group-wide personnel costs for the reporting period were EUR k 12,750 (prior year: EUR k 12,592). 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, the CENIT Group targets sales growth by 3%. The individual segments are planned to be in line with the overall development. On the whole, CENIT is anticipating a rise of approximately 5% in earnings (EBIT), which will be contributed to by both business divisions. Please visit CENIT's homepage for the full Q1 Report 2015: www.cenit.com/quartalsbericht. About CENIT: CENIT has been successfully active for more than 25 years as a leading consulting and software provider for optimizing business processes in the fields of Digital Factory, Product Lifecycle Management (PLM), SAP Solutions, Enterprise Information Management (EIM), Business Intelligence (BI) and Application Management Services (AMS). CENIT supplements standard solutions from strategic partners such as Dassault Systèmes, SAP and IBM with well-established proprietary software developments. These include the FASTSUITE product family for software solutions in the digital factory world, 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 about 700 staff world-wide, serving customers e.g. from the automotive, aerospace, mechanical engineering, tool and mold construction, financial services, commercial and consumer goods 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. --------------------------------------------------------------------- 05.05.2015 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. 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: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 352559 05.05.2015