Corporate | 10 May 2012 09:57


CENIT posts on-year increase in sales and earnings


CENIT AG / Key word(s): Quarter Results

10.05.2012 / 09:57

CENIT starts 2012 with good 1st Quarter

Stuttgart, 10 May 2012 – Having already ended the year 2011 on a positive note, software and consulting specialist CENIT has again posted substantial increases in sales and earnings during the 1 st Quarter of 2012. Against the previous year's reference period, sales figures were up in both the product lifecycle management (PLM) and the enterprise information management (EIM) segments. Sales of non-proprietary software also grew significantly, and earnings from services and consulting likewise saw increases.

During the first 3 months of the year, CENIT Group achieved total sales revenue of 29.1 m EUR (03/2011: 24.3 m EUR/20%), accounting for EBITDA of 2.3 m EUR (03/2011: 1.4 m EUR/66%) and EBIT of 1.6 m EUR (03/2011: 0.9 m EUR/74%). Results per share were 0.15 EUR (03/2011: 0.09 EUR/67%).

Breakdown of Earnings

In the PLM segment, CENIT achieved Q1 sales revenue of 21.4 m EUR (03/2011: 17.4 m EUR/23%). The EIM segment attained sales of 7.8 m EUR, against 6.9 m EUR during the same period in 2011 (13%). Sales of non-proprietary software amounted to 12.7 m EUR (03/2011: 8.8 m EUR/44%). Sales of CENIT's proprietary software contracted from 2.4 m EUR to 1.9 m EUR (-24%). Income from services and consulting totaled 14.5 m EUR (03/2011: 13.1 m EUR/11%). Other earnings amounted to 0.1 m EUR (03/2011: 0.0 m EUR/123%).

Orders Development

After the first 3 months, incoming orders totaled 41.1 m EUR (03/2011: 33.4 m EUR/23%). Orders in hand on 31 March 2012 amounted to 51.5 m EUR (03/2011: 40 m EUR/29%).

Asset and Financial Situation

The asset and financial situation remains solid. On the balance-sheet date, 31 March 2012, equity capital totaled approx. 33.4 m EUR (31 Dec. 2011: 32.2 m EUR), representing an equity ratio of 50% (31 Dec. 2011: 57%). On 31 March 2012, bank deposits totaled 24.9 m EUR (31 Dec. 2011: 18.1 m EUR). The enterprise is free of debt.

Employees

On 31 March 2012, CENIT employed 653 staff Group-wide (31 March 2011: 636).

Participations/Foreign Holdings

CENIT (SWITZERLAND) AG, Frauenfeld/Switzerland

During the 1st Quarter, CENIT (Switzerland) AG achieved sales revenue of 3.1 m EUR (03/2011: 1.0 m EUR), accounting for EBIT of 0.5 m EUR (03/2011: 0.1 m EUR).

CENIT NORTH AMERICA Inc., Auburn Hills/MI, USA

During the first 3 months, CENIT North America Inc. posted sales of 2.4 m EUR (03/2011: 2.3 m EUR) and EBIT of 0.5 m EUR (03/2011: 0.3 m EUR).

CENIT SRL, Iasi/Romania

With sales of 0.4 m EUR (03/2011: 0.2 m EUR), CENIT Romania attained EBIT of 0.1 m EUR (03/2011: 0.0 m EUR).

CENIT France SARL, Toulouse/France

CENIT France SARL achieved 1 st -Quarter sales of 0.1 m EUR (03/2011: 0.2 m EUR) and EBIT of 0.0 m EUR (03/2011: 0.1 m EUR).

CENIT Japan K.K., Tokyo/Japan

The Japanese subsidiary CENIT Japan K.K., established in July of 2011, posted sales of 0.1 m EUR, representing EBIT of 0.0 m EUR.

Outlook

From today's perspective, CENIT AG adheres to its annual outlook for 2012. The forecast shall be reviewed after the end of the 2 nd Quarter.

To view the complete 1st Quarter Report, please visit www.cenit.de/quartalsbericht .

About CENIT :
The enterprise has been active as a specialist for Product Lifecycle Management, Enterprise Information Management solutions and Application Management Services since 1988. CENIT is listed on the Prime Standard of Deutsche Börse and currently employs about 700 staff. CENIT serves customers such as Allianz, W&W, Daimler, EADS Airbus, VR kreditwerk, BWB and Kuka. Many customers are mid-size enterprises, particularly from the periphery of the automotive industry and mechanical engineering, such as 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

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 suppositions 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.



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Language: English
Company: CENIT AG
Industriestraße 52 – 54
70565 Stuttgart
Germany
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
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169104  10.05.2012