In the fiscal year 2012, the CENIT Group achieved revenues of EUR 118,854 k (PY:EUR 107,840 k/10.2%). Revenue in CENIT's consulting and services division increased by 4.0% (PY: EUR 54,540 k). Sales of third party software thereby increased significantly by ap-proximately 18.9% to EUR 49,194 k (PY: EUR 41,358 k). Sales of CENIT's proprietary software increased from EUR 11,676 k to EUR 12,311 k (5.4%). In particular, the software products FASTSUITE and cenitCONNECT in PLM and IBM FileNet System Monitor and ECLISO in the EIM area were successfully sold to end customers.
Gross profits (operating revenue less cost of materials) totaled EUR 73,579 k (PY: EUR 69,740 k), up by 5.9%. CENIT achieved an EBITDA of EUR 11,044 k (PY: EUR 8,736 k/26.4%) and an EBIT of EUR 8,017 k (PY: 6,262 TEUR /28.0%). Earnings per share were EUR 0.65 (PY: 0.52 EUR/25.0%).
Orders Received
The incoming orders within the Group amounted in the past financial year 2012 EUR 116,510 k (PY: EUR 122,900 k). The order backlog as of 31st December 2012 amounted to EUR 43,593 k (PY: EUR 48,177 k).
Assets and Financial Situation
There are no liabilities with banks - neither of a short-term or a long-term nature. As of the balance sheet date, the shareholders' equity was EUR 34,648 k (PY: EUR 32,206 k). The equity ratio is 58.7% (PY: 57.1%). The balance of cash and cash equivalents as of the bal-ance sheet date amounts to EUR 23,779 k (PY: EUR 18,135 k). Operative cash flow reached EUR 10,444 k (PY: EUR 8,266 k). In 2012, the cash flow was affected by the payment of the dividend to shareholders totaling EUR 2,510 k and by investments amounting to EUR 2,272 k.
Employees
On 31st December 2012, the number of employees within the Group was 675 (PY: 657). Personnel expenses in the reporting period amounted to EUR 47,456 k in the CENIT Group (PY: EUR 45,457 k). CENIT is currently training 41 young people in various apprenticeships and occupations. Some of the trainees are students of computer science and economics at the Dual University Baden-Württemberg (DHBW), as well as trainees in the field of information technology.
Outlook
The general economic situation in Germany is currently neutral. Developments in the inter-national environment, however, especially within the EURO area, have a negative outlook. The corporate strategy of CENIT is designed to achieve sustainability, which seems ap-propriate in the current economic situation.
The Group's objective is to grow in all segments. After a very strong 2012, CENIT is now expecting a result similar to the previous year, due to the deterioration in the general eco-nomic situation. At the current time, CENIT expects in 2013 total revenue growth of about 3% and a similar result (EBIT) can be achieved within the Group. Individual segments will achieve results proportional to the overall development. Higher growth rates are expected in the following fiscal year 2014. We wish to specifically point out that much of the pro-jected growth depends on the further economic development in Germany and the target markets, as well as the willingness of the company's customers.
The complete Annual Report 2012 is available in German and English versions on the CENIT homepage.
