Corporate | 6 August 2015 08:00

CENIT increases sales with its own software significantly, half-year result 2015 grows by 14%

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

2015-08-06 / 08:00

Stuttgart, 6 August 2015 – In the first half of 2015, CENIT AG has continued its positive EBIT development. This rose by around 14% to EUR k 4,864. Equally pleasing is the significant increase by 25.5% in the sale of proprietary software. Compared to the same period last year, the Group generated consistent sales. The PLM segment recorded a slight increase by 0.4%, while in the EIM segment revenues fell by 5.5%.

During the first six months, CENIT group generated sales revenues of EUR k 59,183 (prior year: EUR k 59,700/-0.9%). Sales revenues in CENITs consulting and services segment decreased by -5.8% to EUR k 25,368 (prior year: EUR k 26,926). Sales of third-party software sank by approx. -1.5% to EUR k 25,984 (prior year: EUR k 26,367). Sales proceeds from CENIT’s proprietary software increased from EUR k 6,141 to EUR k 7,707 (25.5%).

The gross yield (operating output less cost of materials) amounted to EUR k 38,154 (prior year: EUR k 36,960), representing growth of 3.2%. CENIT achieved EBITDA of EUR k 5,904 (prior year: EUR k 5,481/7.7%) and EBIT of EUR k 4,864 (prior year: EUR k 4,264/14.1%). Results per share were EUR 0.43 (prior year: EUR 0.36).

Orders Development

During the first six months, the group-wide order intake totaled EUR k 66,601 (prior year: EUR k 58,821). On 30 June 2015, orders in hand amounted to EUR k 39,216 (prior year: EUR k 33,022).

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 35,869 (31 Dec. 2014: EUR k 39,352), accounting for an equity ratio of 54.4% (31 Dec. 2014: 58.8%). On the balance-sheet date, bank deposits and liquid assets totaled EUR k 33,999 (31 Dec. 2014: EUR k 33,250). The operative cash flow was EUR k 9,139 (prior year: EUR k 9,098).

Employees

On 30 June 2015, CENIT group employed 629 staff (prior year: 671). group-wide personnel costs for the reporting period were EUR k 24.779 (prior year: EUR k 24.589). CENIT is currently training 49 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

For the current year, the CENIT Group targets sales growth by 3%. On the whole, CENIT is anticipating a rise of approximately 5% in earnings (EBIT), which will be contributed to by both business divisions.

Please visit CENIT’s homepage for the full 6 Months Report 2015: www.cenit.com/reports .

About CENIT:

CENIT has been successfully active for more than 25 years as a leading consulting and software provider for optimizing business processes in the fields of Digital Factory, Product Lifecycle Management (PLM), SAP Solutions, Enterprise Information Management (EIM), Business Intelligence (BI) and Application Management Services (AMS). CENIT supplements standard solutions from strategic partners such as Dassault Systèmes, SAP and IBM with well-established proprietary software developments. These include the FASTSUITE product family for software solutions in the digital factory world, 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 about 700 staff world-wide, serving customers e.g. from the automotive, aerospace, mechanical engineering, tool and mold construction, financial services, commercial and consumer goods industries.

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:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart

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382579  2015-08-06