DGAP-News

CENIT reaches a sales increase of 2.4% and an EBIT increase of 18.6% after 9 months

DGAP-News: CENIT AG / Key word(s): 9-month figures
CENIT reaches a sales increase of 2.4% and an EBIT increase of 18.6%
after 9 months

11.11.2014 / 08:00

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Stuttgart, 11 November 2014 - In the first nine months of 2014, CENIT AG
was able to increase sales over the same period last year by 2.4%. The PLM
segment grew by about 5% on-year, while the EIM segment reports a sales
decline. The result after nine months has increased significantly compared
to the previous year. Also encouraging is the increase in sales of
third-party software, which grew by 10.4% to EUR k 41,360.

During the first nine months, CENIT group generated sales revenues of EUR k
91,364 (prior year: EUR k 89,206/2.4%). Sales revenues in CENITs consulting
and services segment decreased by 2.8% to EUR k 40,422 (prior year: EUR k
41,580). Sales of third-party software increased by 10.4% to EUR k 41,360
(prior year: EUR k 37,447). Sales from CENIT's proprietary software
decreased from EUR k 10,007 to EUR k 9,220 (-7.9%).

The gross yield (operating output less cost of materials) amounted to EUR k
55,520 (prior year: EUR k 54,538), representing growth of 1.8%. CENIT
achieved EBITDA of EUR k 8,524 (prior year: EUR k 7,392/15.3%) and EBIT of
EUR k 6,719 (prior year: EUR k 5,664/18.6%). Results per share were EUR
0.57 (prior year: EUR 0.48).

Orders Development

During the first nine months, the group-wide order intake totaled EUR k
90,261 (prior year: EUR k 79,258). On 30 September 2014, orders in hand
amounted to EUR k 34,458 (prior year: EUR k 33,660).

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 38,062 (31 Dec. 2013: EUR k 35,930),
accounting for an equity
ratio of 57.0% (31 Dec. 2013: 59.5%). On the balance-sheet date, bank
deposits and liquid assets totaled EUR k 26,479 (31 Dec. 2013: EUR k
26,632). The operative cash flow was EUR k 4,598 (prior year: EUR k 8,949).

Employees

On 30 September 2014, CENIT group employed 657 staff (prior year: 673).
Group-wide personnel costs for the reporting period were EUR k 36,453
(prior year: EUR k 35,915). CENIT is currently training 57 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