DGAP-News

CENIT increases half year sales by around 4%

DGAP-News: CENIT AG / Key word(s): Half Year Results
CENIT increases half year sales by around 4%

02.08.2016 / 07:54
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Stuttgart, August 2nd, 2016 - In the first half of 2016, CENIT AG increased
sales by 3.8 percent. Thus significantly involved was the distribution of
own software which rose by around 5 percent as well as sales of third-party
software which grew by more than 10 percent.

During the first six months, CENIT group generated sales revenues of EUR k
61,424 (prior year: EUR k 59,183/3.8%). Sales revenues in CENITs consulting
and services segment decreased by -3.3% to EUR k 24,532 (prior year: EUR k
25,368). Sales of third-party software rose by approx. 10.5% to EUR k
28,722 (prior year: EUR k 25,984). Sales proceeds from CENIT's proprietary
software increased from EUR k 7,707 to EUR k 8,059 (4.6%).

The gross yield (operating output less cost of materials) amounted to EUR k
38,007 (prior year: EUR k 38,154), representing a decrease of -0.4%. CENIT
achieved EBITDA of EUR k 5,917 (prior year: EUR k 5,904/0.2%) and EBIT of
EUR k 4,677 (prior year: EUR k 4,864/-3.8%). Results per share were EUR
0.41 (prior year: EUR 0.43).

Orders Development

During the first six months, the group-wide order intake totaled EUR k
62,887 (prior year: EUR k 66,601). On 30 June 2016, orders in hand amounted
to EUR k 33,293 (prior year: EUR k 39,216).

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 35,848 (31 Dec. 2015: EUR k 39,843),
accounting for an equity ratio of 53.8% (31 Dec. 2015: 59.6%). On the
balance-sheet date, bank deposits and liquid assets totaled EUR k 30,402
(31 Dec. 2015: EUR k 33,941). The operative cash flow was EUR k 5,830
(prior year: EUR k 9,139).

Employees

On 30 June 2016, CENIT group employed 625 staff (prior year: 629). Group-
wide personnel costs for the reporting period were EUR k 25,150 (prior
year: EUR k 24,779).

Outlook

For the current year, the CENIT Group is still anticipating a sales growth
by 5%. On the whole, CENIT is anticipating a high single-digit rise in
earnings (EBIT).

Please visit CENIT's homepage for the full 6 Months Report 2016:
www.cenit.com/reports.

About CENIT:
CENIT is your partner for successful digital transformation. With a broad
solutions and services portfolio, CENIT enables clients to optimize their
horizontal and vertical business processes. Our solutions are based on