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