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

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.