Ad-hoc | 10 August 2005 08:31

CENIT increased significant in sales and earnings

Ad hoc announcement §15 WpHG 6 Months results of CENIT CENIT increased significant in sales and earnings Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— 6 Months results of CENIT increased significant in sales and earnings Consulting and software business with strong rise Stuttgart – 10. August 2005 – 8:30 a.m – CENIT again continued with its strategic goal of gaining further market share. According to the latest studies, CENIT is now Germany’s No. 2 in the PLM service market, improving its standing by one position. Earnings in Enterprise Content Management and Outsourcing for the first six months also indicate that CENIT is continuing its success story unabated. Major new customers have been gained in all business areas, particularly among medium-sized companies, though sales of CENIT software product also outperformed expectations, continuing the trend of the first quarter. Consulting and services rose by 11 % and the sales of CENIT software by more than 58 %. Consolidated sales rose by 8% to EUR 34.9 million (2004: EUR 32.3 million). Group gross proceeds reached EUR 25.6 million (2004: EUR 22.5 million/14%). EBITDA for the Group increased by 100% to EUR 4.3 million (2004: EUR 2.1 mil- lion). Group EBIT improved by EUR 2.1 million to EUR 3.9 million (2004: EUR 1.8 million/117%). Group EBT was EUR 4.1 million (2004: EUR 1.8 million/128%). Group basic EPS amounted to EUR 0.59 (2004: EUR 0.35/ 69%). Group operating cash flow was EUR 4.5 million. The Group’s total assets reached EUR 29 million (2004: EUR 28.5 million). The equity ratio improved from 49% to 52%. At the end of the period, equity was EUR 15.2 million (31 December 2004: EUR 13.9 million). Cash and cash equivalents increased to around EUR 17 million as against 31 December 2004 (EUR 14.7 million). Outlook As before CENIT, feels that it is well positioned. Key reasons for this include the sustainability of sales and income growth, the development of its market position in the 2004 financial year and its clear corporate strategy. We have made significant progress towards our goal of becoming a strategically significant and independent consultant for PLM, ECM and Outsourcing solutions for our customers. Our primary goal is still to gain further market share and to grow more strongly than the overall IT market. At the same time, 2005 is a year of selective investments. Above all, this is intended to advance the development of our own product portfolio, continue our focus on the consulting business and extend our sales. We now employ 491 people, and hope to break the 500 mark before the end of this year. The Executive Board of CENIT is assuming that this extremely positive corporate development will continue in the long term. Some of our key balance sheet ratios are displaying a convincing steady and positive performance. CENIT is on a solid footing to provide its custom-ers and investors with the security they need. If you have any questions, please contact: CENIT AG Systemhaus ISIN – DE0005407100 Fabian Rau/Investor Relations Industriestrasse 52-54 /D-70565 Stuttgart Germany Tel.: (+49) 7 11 / 78 25-3185 Fax: (+49) 7 11 / 78 25-4185 E-Mail: f.rau@cenit.de Forward-Looking Statements This news release may contain forward-looking statements about the business, financial condition, results of operations and earnings outlook of CENIT Words such as “may,””will,” “expect,” “anticipate,” “contemplate,” “intend,” “plans,” “believe,””continue” and “estimate,” and variations of these words and similar expressions, identify these forward-looking statements. These statements are not guarantees of future performance, involve certain risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. Therefore, actual outcomes and results may differ materially from what is expressed herein. In any forward-looking statement in which CENIT expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the statement or expectation or belief will result or be achieved or accomplished. Actual operating results may differ materially from such forward-looking statements and are subject to certain risks Information about CENIT: CENIT AG Systemhaus is an internationally operating consulting company which employs more than 490 people. Focusing Product Lifecycle Management Consulting, Outsourcing and Enterprise Content Management solutions, the company is listed in Germany’s Prime Standard. Customers are BMW, DaimlerChyrsler, Audi, VW, AIRBUS, CONTI, Allianz, Metro, REWE and others. CENIT AG Systemhaus Industriestraße 52 – 54 70565 Stuttgart Deutschland ISIN: DE0005407100 WKN: 540710 Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart End of ad hoc announcement (c)DGAP 10.08.2005 100831 Aug 05