DGAP-News

CENIT mit stabilem Umsatz und einer EBIT-Steigerung um rund 4% gegenüber Vorjahr

DGAP-News: CENIT AG / Key word(s): Final Results
CENIT mit stabilem Umsatz und einer EBIT-Steigerung um rund 4%
gegenüber Vorjahr

07.04.2014 / 07:45

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CENIT with stable revenue and an EBIT increase of about 4% compared to
previous year

Stuttgart, 07 April 2014 - CENIT AG concluded the fiscal year 2013
successfully. In a challenging economic environment, the established
software and consulting company increased its earnings in EBIT compared to
the previous year. Based on the financial statement for CENIT
Aktiengesellschaft, Stuttgart, the Management and Supervisory Board will
propose at the shareholders' meeting on 16th May 2014 that a dividend of
EUR 0.35 per share be paid.

In the fiscal year 2013, the CENIT Group achieved revenues of EUR 118,921 k
(PY:EUR 118,854 k/0.1%). Revenue in CENIT's consulting and services
division totaled 55,631 and declined slightly by -1,9% (PY: EUR 56,697 k).
Sales of third party software thereby increased by 2.1% to EUR 50,248 k
(PY: EUR 49,194 k). Sales of CENIT's proprietary software increased from
EUR 12,311 k to EUR 12,791 k (3.9%). In particular, the software products
FASTSUITE and cenitCONNECT in PLM and IBM FileNet System Monitor and ECLISO
in the EIM area were successfully sold to end customers.

Gross profits (operating revenue less cost of materials) totaled EUR 73,242
k in 2013 (PY: EUR 73,579 k), and declined slightly by 0.5%. CENIT achieved
an EBITDA of EUR 10,635 k (PY: EUR 11,044 k/-3.7%) and an EBIT of EUR 8,331
k (PY: EUR 8,017 k/3.9%). Earnings per share were EUR 0.70 (PY: EUR
0.65/7.7%).

Orders Received

The incoming orders within the Group amounted in the past financial year
2013 EUR 111,824 k (PY: EUR 116,510 k). The order backlog as of 31st
December 2013 amounted to EUR 36,868 k (PY: EUR 43,593 k).

Assets and Financial Situation

There are no liabilities with banks - neither of a short-term nor a
long-term nature. As of the balance sheet date, the shareholders' equity
was EUR 35,930 k (PY: EUR 34,648 k). The equity ratio is 59.5% (PY: 58.7%).
The balance of cash and cash equivalents as of the balance sheet date
amounts to EUR 26,632 k (PY: EUR 23,779 k). Operative cash flow reached EUR
8,854 k (PY: EUR 10,444 k). In 2013, the cash flow was affected by the
payment of the dividend to shareholders totaling EUR 4,602 k and by
investments amounting to EUR 1,219 k.

Employees

On 31st December 2013, the number of employees within the Group was 671
(PY: 675). Personnel expenses in the reporting period amounted to EUR
47,728 k in the CENIT Group (PY: EUR 47,456 k). CENIT is currently training