CENIT 9 months figures 2017, after consolidation of KEONYS, with a sales increase of around 13%

02.11.2017

Stuttgart, November 2nd, 2017 - After nine months, CENIT AG was able to increase its sales by approximately 13 percent, following the consolidation of the subsidiary KEONYS. The company also recorded significant sales growth in the sales of third-party software (+25.7%), while the sales of own software declined slightly by -2.4%.

During the first nine months, CENIT group generated sales revenues of EUR k 102,219 (prior year: EUR k 90,319/13.2%). Sales revenues in CENITs consulting and services segment increased by 12,5% to EUR k 37.746 (prior year: EUR k 33.538). Sales of third-party software rose by 17,5% to EUR k 52.853 (prior year: EUR k 44.964). Sales proceeds from CENIT’s proprietary software slightly decreased from EUR k 11.687 to EUR k 11.409 (-2,4%).

The gross yield (operating output less cost of materials) amounted to EUR k 57,360 (prior year: EUR k 55,516), representing an increase of 3.3%. CENIT achieved EBITDA of EUR k 8,634 (prior year: EUR k 9,244/-6.6%) and EBIT of EUR k 6,926 (prior year: EUR k 7,519/-7.9%). Results per share were EUR 0.56 (prior year: EUR 0.64).

Orders Development
During the first nine months, the group-wide order intake totaled EUR k 98,708 (prior year: EUR 84,520k). On 30 September 2017, orders in hand amounted to EUR k 58,152(prior year: EUR k 30,759).

Asset and Financial Situation
The enterprise has liabilities in relation to credit institutions in amount of EUR k 1,312 (31 Dec. 2016: EUR k 0), which is of a short-term nature. On the balance-sheet date, equity capital totaled EUR k 36,490 (31 Dec. 2016: EUR k 40,578), ac-counting for an equity ratio of 42.1% (31 Dec. 2016: 56.2%). On the balance-sheet date, bank deposits and liquid assets totaled EUR k 24,948 (31 Dec. 2016: EUR k 33,606). The operative cash flow was EUR k 6,501 (prior year: EUR k 6,737).

Employees
On 30 September 2017, CENIT group employed 746 staff (prior year: 616). Group-wide personnel costs for the reporting period were EUR k 37,720 (prior year: EUR k 35,928).

Outlook
As a result of the KEONYS acquisition, CENIT is raising its growth forecast for the 2017 business year. With EBIT remaining virtually unchanged, the company expects on-year sales growth of about 25%.

Please visit CENIT’s homepage for the full 9 Months Report 2017: www.cenit.com/reports.