Ad-hoc | 11 May 2011 07:45
CENIT AG / Key word(s): Quarter Results
11.05.2011 07:45
Dissemination 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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Increase of sales and profit
Stuttgart, 11 May 2011 - CENIT is starting the business year with clear
on-year growth in all segments and is thus continuing the positive trend
set last year. Sales of CENIT's proprietary software as well as sales
proceeds from non-CENIT software increased markedly. The consulting segment
has also registered a slightly positive trend. Provided that economic
recovery and positive industry sentiment continue to set the tone, we hope
to be able to close the coming Quarters with solid growth as well.
During the 1st Quarter of 2011, CENIT Group posted total sales revenue of
24.31 m EUR (2010: 20.71 m EUR/+17%). Sales of non-proprietary software
reached 8.78 m EUR (2010: 6.04 m EUR /+45%). Sales of CENIT's proprietary
software grew from 1.75 m EUR to 2.43 m EUR (+39%). Turnover from services
and consulting amounted to 13.08 m EUR (2010: 12.52 m EUR/+4%). Other sales
totaled 0.02 m. EUR (2010: 0.41 m EUR /-95%).
Gross profits totaled 16.30 m EUR (2010: 14.37 m EUR/+13%). CENIT achieved
EBITDA of 1.39 m EUR (2010: 0.99 m EUR/+40%) and EBIT of 0.95 m EUR (2010:
0.64 m EUR/+48%). The results per share were 0.09 EUR (2010: 0.06
EUR/+50%).
Incoming Orders
During the 1st Quarter, incoming orders totaled 33.38 m EUR (2010: 26.84 m
EUR/+24%) Group-wide. Orders in hand on 31 March 2011 amounted to 39.97 m
EUR (2010: 27.13 m EUR/+47%).
Assets and Financial Status
There are no liabilities in relation to banks and lending institutions -
neither short-term nor long-term. On the balance-sheet date, equity capital
totaled 29.58 m EUR (31 Dec. 2010: 29.04 m EUR). The equity ratio is 57%
(31 Dec. 2010: 58%). On the balance-sheet date, bank deposits totaled 18.2
m EUR (31 Dec. 2010: 13.3 m EUR).
Employees
On 31 March 2011, the total number of staff Group-wide was 636 (31 March
2010: 632).
Participations/Subsidiaries
CENIT (SCHWEIZ) AG, Frauenfeld/Switzerland
During the past Quarter, CENIT (Switzerland) AG achieved sales revenue of
1.0 m EUR (2010: 0.7 m EUR), accounting for EBIT of 0.1 m EUR (2010: 0.04 m
EUR).
CENIT NORTH AMERICA Inc., Auburn Hills/USA
CENIT North America Inc. posted sales of 2.3 m EUR (2010: 1.4 m EUR) and
EBIT of 0.3 m EUR (2010: 0.07 m EUR).
CENIT SRL, Iasi/Romania
CENIT SRL reported sales of 0.2 m EUR (2010: 0.1 m EUR), representing EBIT
of 0,005 Mio. EUR (2010: -0.04 m EUR).
CENIT France SARL, Toulouse/France
CENIT France SARL achieved sales of 0.2 m EUR (2010: 0.1 m EUR), accounting
for EBIT of 0.06 m EUR (2010: 0 m EUR).
Outlook
For the 2011 business year, we expect positive developments on the basis of
the results achieved in 2010, and continue to adhere to the statements made
in the annual report.
The complete Q1 Report is available on our website at
www.cenit.de/quartalsbericht.
About CENIT:
The enterprise has been active as a specialist for product lifecycle
management, enterprise information management solutions, business
optimization and analytics and application management services since 1988.
CENIT is listed on the Prime Standard of Deutsche Börse and currently
employs about 700 staff. Among others, CENIT serves clients such as
Allianz, W&W, Daimler, EADS Airbus, VR kreditwerk, BWB and Kuka. Many of
our customers are medium-sized enterprises, particularly from the
automotive and mechanical engineering sectors, e.g. Jungheinrich, Flow,
Viessmann or Georg Fischer. http://www.cenit.de
Please send queries to:
CENIT AG
Investor Relations
Industriestrasse 52-54, D-70565 Stuttgart
Tel.:+497117825-3320
Fax:+49711782544-4320
Email: aktie@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 to', '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.
11.05.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: CENIT AG
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, Düsseldorf, Hamburg, München
End of Announcement DGAP News-Service
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