EQS-News

In the fiscal year 2022, CENIT AG achieved strong sales of EUR 162.2 million and EBIT of EUR 6.3 million

EQS-News: CENIT AG / Key word(s): Annual Results/Annual Report In the fiscal year 2022, CENIT AG achieved strong sales of EUR 162.2 million and EBIT of EUR 6.3 million 02.04.2023 / 11:02 CET/CEST The issuer is solely responsible for the content of this announcement. Stuttgart, March 31st, 2023 - 2022 was a good year for the CENIT Group. Despite difficult economic and geopolitical conditions, CENIT was able to increase sales by 10.9% to EUR k 162,152 and achieve an EBIT of EUR k 6,305. CENIT continues to pursue its growth strategy 2025 despite the challenging market environment and consistently takes advantage of growth opportunities.

Results in detail
During the 2022 business year, CENIT group generated sales revenues of EUR k 162,152 (prior year: EUR k 146,071/+11.0%). Sales of CENIT’s proprietary software rose by 0.1% at EUR k 17,710 compared to EUR k 17,688. Sales revenues in CENITs consulting and services segment totaled EUR k 55,719 and thus increased by +39.9% on-year (prior year: EUR k 39,822). This increase is to a significant extent due to the acquisition of the ISR AG shares. Sales of third-party software decreased slightly by around -0.5% to EUR k 88,139 (prior year: EUR k 88,543).

The gross profit (operating output less cost of materials) amounted to EUR k 91,995 (2021: EUR k 79,797), representing an increase of 15.3%.

CENIT achieved EBITDA in amount of EUR k 11,937 (2021: EUR k 11,278/+5.8%) and EBIT of EUR k 6,305 (2021: EUR k 6,234/+1.1%). Earnings per share were EUR 0.75 (2021: EUR 0.51).

Orders Development
During the 2022 business year, orders received by CENIT Group were now at EUR k 167,595 (2021: EUR k 148,845). Orders in hand on December 31, 2022 amounted to EUR k 46,054 (2021: EUR k 40,610). This underlines the strength of CENIT's business model.

Asset and Financial Situation
On the balance-sheet date, the company’s equity capital was EUR k 44,783 (2021: EUR k 43,645), representing an equity ratio of 35.3% (2021: 47.0%). On the balance-sheet date, bank deposits and liquid assets totaled EUR k 19,914 (2021: EUR k 26,361). The operative cash flow was EUR k 11,488 (2021: EUR k 8,236). Furthermore, in 2022, cash and cash equivalents were mainly affected by taking out bank loans of EUR k 23,000 to finance acquisitions in the amount of EUR k -27,927.