Stuttgart, 15 February 2010 – Over the course of the 2009 business year, CENIT AG was able to prove that the Group can achieve a solid result even in the face of increasingly difficult and unstable economic framework conditions. Indeed, to achieve this feat despite the fact that 2009 saw declining capacity utilization in the service sector. The primary reason for the latter was widespread short-time work in the auto industry customer segment. At the same time, CENIT also had to compensate for persistent investment reluctance in the market for software products.
According to preliminary, unaudited figures, the Group achieved consolidated sales of 86.6 m € (2008: 83.4 m € /+4%). CENIT attained EBITDA of 5.3 m € (2008: 6.2 m €/-13%) and EBIT of 3.9 m € (2008: 4.8 m €/-18%). Earnings per share (EPS) were 0.34 € (2008: 0.40 €/-15%). As at 31 December 2009, the number of employees Group-wide was 695 (2008: 721). At the balance sheet date, equity capital totalled 28.2 m € (2008: 25.4 m €). On the balance sheet date, bank deposits and short-term securities totalled 19.5 m € (2008: 13.2 m €).
Outlook
Over recent years, CENIT AG has created a sound foundation for steady, positive business development. We will continue to build upon this in the years to come, and expect to see positive developments during the 2010 business year. We intend to focus particularly on further developing our operative software business. In addition, our strong cash flow enables us to keep making acquisitions that strengthen us in technological or market position terms.
Detailed results for the 2009 business year as well as the proposal for the allocation of the net profit will be published on the occasion of our balance sheet press conference on 31 March 2010. The figures cited above are preliminary, unaudited Group figures as per IFRS.
About CENIT:
The enterprise has been active as a specialist for product lifecycle management, enterprise content management solutions and application management outsourcing 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.
Please send queries to:
CENIT AG Systemhaus,
Fabian Rau
Industriestraße 52-54, D-70565 Stuttgart
Tel.:+49 711 7825-3185
Fax:+49 711 782544-4185
Email: f.rau@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 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 Business Report of CENIT AG Systemhaus.
