Ad-hoc | 7 May 2009 08:11
CENIT AG Systemhaus / Quarter Results
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Service business dominates 1st Quarter 2009
Stuttgart, 7 May 2009 - Despite a difficult overall
economic situation, CENIT began the 2009 business year very solidly. During
the first Quarter 2009, the Group recorded a 38% sales increase to 21.8 m
EUR and a 94% improvement in results to 0.64 m EUR. Increased demand for
CENIT's application management outsourcing services is currently exerting a
major influence on business performance. This development is offset by
customer caution in the software product field.
Overview of 3rd Quarter Figures
Three months into the business year, Group-wide sales have reached 21.8 m
EUR (03/2008: 15.8 m EUR/+38%). The gross surplus grew to 15.8 m EUR
(03/2008: 13.8 m EUR/+14%). EBITDA attained 1.0 m EUR (03/2008: 0.6 m
EUR/+67%). EBIT during the reporting period amounted to 0.64 m EUR
(03/2008: 0.33 m EUR/+94%). The pre-tax result (EBT) was 0.68 m EUR
(03/2008: 0.54 m EUR/+ 26%). The consolidated result was 0.5 m EUR
(03/2008: 0.46 m EUR/+9%). Consolidated EPS (earnings per share) thus
derive to 0.06 EUR per share (03/2008: 0.05 EUR/+20%). The operative cash
flow was 1.1 m EUR (03/2008: 0.7 m EUR). On the balance-sheet date, bank
deposits and securities incl. current assets totalled 18.1 m EUR
(31.12.2008: 13.2 m EUR). The enterprise remains debt-free. Incoming orders
totalled 26.3 m EUR (03/2008: 32 m EUR), and orders in hand amounted to
around 30 m EUR (03/2008: 27 m EUR). The number of employees was 710 on the
balance-sheet date (03/2008: 672).
Breakdown of Earnings
Sales in the services sector grew by 37% to a current 14.45 m EUR (03/2008:
10.55 m EUR), making services the strongest contributor to sales with a
share of 67%. Sales of CENIT software during the first 3 months of the
current business year totalled 2.09 m EUR (03/2008: 2.30 m EUR /-9%). Sales
of CENIT's proprietary software thus account for approx. 10% of total
sales. The non-CENIT software business grew by 163% to 5.07 m EUR (03/2007:
1.93 m EUR), accounting for 23% of total sales.
Holdings - Foreign Subsidiaries
CENIT (Switzerland) AG achieved sales of 1.2 m EUR (03/2008: 1.0 m EUR),
accounting for EBIT of 0.6 m EUR (03/2008: 0.5 m EUR/).
CENIT North America Inc. accomplished sales of 1.6 m EUR (03/2008: 1.1 m
EUR)
and EBIT of - 0.07 m EUR (03/2008: - 0.03 m EUR).
With sales of 0.16 m EUR (03/2008: 0.2 m EUR/%), CENIT SRL achieved EBIT of
0.08 m EUR (03/2008: 0.08 m EUR ).
The CENIT company in Toulouse, France realized sales of 0.1 m EUR (03/2008:
0.07 m EUR) and EBIT of 0.01 m EUR (03/2008: 0.02 m EUR).
CAD Scheffler achieved sales of 0.4 m EUR (03/2008: 0.6 m EUR) and EBIT of
0.1
m EUR (03/2008: 0.05 m EUR).
Outlook
The Managing Board of CENIT continues to expect stable development within
the Group. However, due to the ongoing insecurity of the economic
environment and the investment caution exhibited by our customers, we are
unable to provide a specific forecast for earnings from sales of software
and services during the current business year.
About CENIT:
Since 1988, the company has been active as a specialist for product
lifecycle management, enterprise content management solutions and
application management outsourcing. CENIT is listed on the Prime Standard
of Deutsche Börse and currently employs more than 720 staff. Among others,
CENIT serves clients such as Allianz, BMW, Daimler, EADS Airbus, LBS, Metro
and VW, as well as numerous medium-sized businesses particularly from the
automotive industry and the mechanical engineering sector, e.g. Dürr, Georg
Fischer or Leoni. htthttp://www.cenit.dep://www.cenit.de
Please send queries to:
CENIT AG Systemhaus,
Fabian Rau
Industriestraße 52-54, D-70565 Stuttgart
Tel.:+497117825-3185
Fax:+49711782544-4185
Email: f.rf.rau@cenit.deau@cenit.de
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Information and Explaination of the Issuer to this News:
Additional Information:
This press/ad hoc report may contain future-oriented statements regarding
the business, financial and earnings situation of as well as profit
projections for CENIT. Such future-oriented statements are characterized by
terms or statements such as 'the company may' or 'the company will',
'expects', 'assumes ', 'is considering', 'intends 0r', 'plans', 'believes',
'will continue to' and/or 'estimates', as well as similar terms and
statements. Such statements contain no guarantee that the projections will
in fact be achieved. Rather, such statements involve risks, imponderables
and assumptions that are difficult to predict and, in addition, are based
on assumptions as to future events which may prove to be incorrect. For
this reason, actual events may diverge significantly from the assumptions
contained in the above statement. In a future-oriented statement by which
CENIT expresses expectations or assumptions with regard to future events,
these expectations or assumptions are made in good faith, and it shall be
assumed that they are made upon an appropriate basis; however, it cannot be
guaranteed that the said statements, expectations or assumptions shall
indeed occur, be attained or fulfilled. The actual operative result may
diverge significantly from such future-oriented statements and is subject
to certain risks. In this regard, please refer to the Annual Report of
CENIT AG Systemhaus.
07.05.2009 Financial News transmitted by DGAP
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Language: English
Issuer: CENIT AG Systemhaus
Industriestraße 52 - 54
70565 Stuttgart
Deutschland
Phone: +49 (0)711 78 25 - 30
Fax: +49 (0)711 78 25 - 4000
E-mail: aktie@cenit.de
Internet: www.cenit.de
ISIN: DE0005407100
WKN: 540710
Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin, München, Hamburg, Düsseldorf
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