Stuttgart, 16
th
April 2013 – CENIT AG concluded the fiscal year 2012 significantly above the previous year. Despite a difficult macroeconomic environment, the result of CENIT AG increased in terms of both sales and EBIT compared to the previous year. Based on the financial statement for CENIT Aktiengesellschaft, Stuttgart, the Executive and Supervisory Board will propose at the shareholders' meeting on 31
st
May 2013 that a dividend of EUR 0.30 per share and an extra dividend of EUR 0.25 be paid.
In the fiscal year 2012, the CENIT Group achieved revenues of EUR 118,854 k (PY:EUR 107,840 k/10.2%). Revenue in CENIT's consulting and services division increased by 4.0% (PY: EUR 54,540 k). Sales of third party software thereby increased significantly by approximately 18.9% to EUR 49,194 k (PY: EUR 41,358 k). Sales of CENIT's proprietary software increased from EUR 11,676 k to EUR 12,311 k (5.4%). In particular, the software products FASTSUITE and cenitCONNECT in PLM and IBM FileNet System Monitor and ECLISO in the EIM area were successfully sold to end customers.
Gross profits (operating revenue less cost of materials) totaled EUR 73,579 k (PY: EUR 69,740 k), up by 5.9%. CENIT achieved an EBITDA of EUR 11,044 k (PY: EUR 8,736 k/26.4%) and an EBIT of EUR 8,017 k (PY: 6,262 TEUR /28.0%). Earnings per share were EUR 0.65 (PY: 0.52 EUR/25.0%).
Orders Received
The incoming orders within the Group amounted in the past financial year 2012 EUR 116,510 k (PY: EUR 122,900 k). The order backlog as of 31
st
December 2012 amounted to EUR 43,593 k (PY: EUR 48,177 k).
Assets and Financial Situation
There are no liabilities with banks – neither of a short-term or a long-term nature. As of the balance sheet date, the shareholders' equity was EUR 34,648 k (PY: EUR 32,206 k). The equity ratio is 58.7% (PY: 57.1%). The balance of cash and cash equivalents as of the balance sheet date amounts to EUR 23,779 k (PY: EUR 18,135 k). Operative cash flow reached EUR 10,444 k (PY: EUR 8,266 k). In 2012, the cash flow was affected by the payment of the dividend to shareholders totaling EUR 2,510 k and by investments amounting to EUR 2,272 k.
Employees
On 31
st
December 2012, the number of employees within the Group was 675 (PY: 657). Personnel expenses in the reporting period amounted to EUR 47,456 k in the CENIT Group (PY: EUR 45,457 k). CENIT is currently training 41 young people in various apprenticeships and occupations. Some of the trainees are students of computer science and economics at the Dual University Baden-Württemberg (DHBW), as well as trainees in the field of information technology.
Outlook
The general economic situation in Germany is currently neutral. Developments in the international environment, however, especially within the EURO area, have a negative outlook. The corporate strategy of CENIT is designed to achieve sustainability, which seems appropriate in the current economic situation.
The Group's objective is to grow in all segments. After a very strong 2012, CENIT is now expecting a result similar to the previous year, due to the deterioration in the general economic situation. At the current time, CENIT expects in 2013 total revenue growth of about 3% and a similar result (EBIT) can be achieved within the Group. Individual segments will achieve results proportional to the overall development. Higher growth rates are expected in the following fiscal year 2014. We wish to specifically point out that much of the projected growth depends on the further economic development in Germany and the target markets, as well as the willingness of the company's customers.
The complete Annual Report 2012 is available in German and English versions on the CENIT homepage: www.cenit.de/annualreport
About CENIT:
The company has been operative since 1988 as a specialist in Product Lifecycle Management, Enterprise Information Management solutions, Business Optimization Analytics and Application Management Services. CENIT is listed in the Prime Standard of the German stock market (Deutsche Börse) and currently employs around 700 people. CENIT works for clients such as Allianz, W & W, Daimler, EADS Airbus, Schwäbisch Hall Credit Services, BWB or Kuka. A large part of customers comes from the small and medium-sized companies, in particular from the automotive and engineering industries, such as Jungheinrich, Flow, Viessmann or Georg Fischer.
http://www.cenit.de
Queries to:
CENIT AG
Investor Relations
Industriestrasse 52-54, 70565 Stuttgart
Germany
Tel: +497117825-3320
Fax: +49711782544-4320
Email:
aktie@cenit.de
Additional notes:
This release may contain forward-looking statements about the business, financial condition and results of operations and earnings forecasts for CENIT. Words or statements such as 'the company may', or 'the company will', 'expects', 'anticipates', 'contemplates', 'intends', 'plans', 'believes', 'continues' and 'estimates', as well as similar terms and statements, identify these forward-looking statements. These statements are not guarantees that these forecasts shall be achieved. Rather, these statements involve risks, uncertainties and assumptions that are difficult to predict and are based upon assumptions as to future events that may prove to be inaccurate. For this reason, actual results may vary considerably from that which is expressed herein. In a forward-looking statement, in which CENIT expresses an expectation or belief as to future results, these expectations or assumptions are made in good faith, and it is assumed that these are based on a reasonable foundation; there is no guarantee, however, that the statement, expectation or belief will result or be achieved or accomplished. Actual operating results may differ materially from these forward-looking statements and are subject to certain risks. We refer to the entire Annual Report of CENIT AG in this respect.