DGAP-News

First quarter 2015: CENIT increases EBIT by 10.7%, sales in line with expectations

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

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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