Ad-hoc | 12 February 2004 08:10

CENIT’s results of the financial year 2003 exceed expectations

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– CENIT`s results of the financial year 2003 exceed expectations The Executive Board of CENIT is optimistic about the financial year 2004 Stuttgart, February 12, 2004 The preliminary unaudited results of CENIT AG Systemhaus exceed its expectations and allow to look back at a successful financial year. Group sales amounted to EUR 70.5 million (2002: EUR 94 million/- 25 %). The drop in sales resulted on the one hand from the separation of the French subsidiary. On the other hand concentration on the consulting business led to a drop in sales of hardware. The CENIT Group achieved an EBITDA of EUR 3.2 million (2002: EUR 2.3 million/39 %) and an EBIT of EUR 2.2 million (2002: EUR 5.4 million/140 %). Thus the positive business development was sustainably confirmed. CENIT Germany, which contributed the greatest part of sales and results with about 98%, reached sales of EUR 68.8 million in the period under consideration (2002: EUR 75.8 million /-9%). The EBITDA in Germany amounted to EUR 2.9 million (2002: EUR 2.1 million/+38%). The EBIT of the German company totaled EUR 2 million (2002: EUR 8.6 million/+123%) and was substantially improved in comparison to the prior year. All short-term liabilities to our commercial banks were paid. Cash and cash equivalents amounted to EUR 6.6 million as of December 31, 2003 (2002: EUR 1.9 million/+247%). The Executive Board is convinced that CENIT will continue the positive development in 2004. Please contact: CENIT AG Systemhaus Fabian Rau Investor Relations/Public Relations Industriestraße 52-54, D-70565 Stuttgart Tel.: (+49) 7 11 / 78 25-3185 Fax.: (+49) 7 11 / 78 25-4185 E-Mail: f.rau@cenit.de end of ad-hoc-announcement (c)DGAP 12.02.2004 ——————————————————————————– WKN: 540710; ISIN: DE0005407100; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 120810 Feb 04