Corporate | 12 August 2014 08:00

CENIT remains on track – Sales in line with expectations, EBIT was exceeded in Q2

CENIT AG / Key word(s): Half Year Results

12.08.2014 / 08:00

Stuttgart, 12 August 2014 – In the first six months of 2014, CENIT AG generated consistent sales compared to the same period last year. The PLM segment grew by around 3%, while the EIM segment faces a further decline due to the ongoing restructuring measures. EBIT however increased significantly by 17% to EUR k 4,264. Sales of third-party software developed positively as well and could be increased by about 2%.

During the first six months, CENIT group generated sales revenues of EUR k 59,700 (prior year: EUR k 60,389/-1.1%). Sales revenues in CENITs consulting and services segment decreased by -3.6% to EUR k 26,932 (prior year: EUR k 27,937). Sales of third-party software increased by approx. 2.2% to EUR k 26,361 (prior year: EUR k 25,793). Sales proceeds from CENIT’s proprietary software declined from EUR k 6,540 to EUR k 6,141 (-6.1%).

The gross yield (operating output less cost of materials) amounted to EUR k 36,960 (prior year: EUR k 36,590), representing growth of 1.0%. CENIT achieved EBITDA of EUR k 5,481 (prior year: EUR k 4,800/14.2%) and EBIT of EUR k 4,264 (prior year: EUR k 3,645/17.0%). Results per share were EUR 0.36 (prior year: EUR 0.31).

Orders Development

During the first six months, the group-wide order intake totaled EUR k 58,821 (prior year: EUR k 56,208). On 30 June 2014, orders in hand amounted to EUR k 33,022 (prior year: EUR k 36,129).

Asset and Financial Situation

The enterprise has no liabilities in relation to credit institutions, either of a short-term or long term nature. On the balance-sheet date, equity capital totaled EUR k 36,094 (31 Dec. 2013: EUR k 35,930), accounting for an equity ratio of 54.7% (31 Dec. 2013: 59.5%). On the balance-sheet date, bank deposits and liquid assets totaled EUR k 30,968 (31 Dec. 2013: EUR k 26,632). The operative cash flow was EUR k 9,098 (prior year: EUR k 11,372).

Employees

On 30 June 2014, CENIT group employed 671 staff (prior year: 673). group-wide personnel costs for the reporting period were EUR k 24,589 (prior year: EUR k 24,516). CENIT is currently training 45 young professionals in various vocations. The trainees include students from the Dual-Training University of Baden-Württemberg (DHBW) in the fields of informatics and economics, as well as trainees in the field of information technology.

Outlook

CENIT is maintaining its forecast and expects an increase in sales and EBIT of approximately 5%. In order to achieve this goal this years’ focus is on the acquisition of new customers, the software development in particular and the growth in the market segments that are relevant for CENIT.

Please visit CENIT’s homepage for the full 6 Months Report: www.cenit.com/ quartalsbericht.

About CENIT:
For over 25 years, CENIT has been successfully active as a leading consulting and software specialist for optimizing business processes in the Digital Factory, Product Lifecycle Management (PLM), SAP PLM, Enterprise Information Management (EIM), Business Optimization & Analytics (BOA), and Application Management Services (AMS) fields. CENIT complements standard solutions by strategic partners such as DASSAULT SYSTEMES, SAP and IBM by providing well-established own software solutions. These include the FASTSUITE product family for software solutions in the Digital Factory field, cenitCONNECT for SAP PLM-related processes, cenitSPIN as a high-performance PLM Desktop, as well as CENIT ECLISO for efficient information management. The enterprise employs around 700 staff worldwide, serving customers primarily from the automotive, aerospace, mechanical engineering, tooling and molding, financial services, commercial and consumer goods industries.
www.cenit.com

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 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 respective 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, or 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 Business 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.com
ISIN:	DE0005407100
WKN:	540710
Listed:	Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart

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