Stuttgart, 10 August 2012 – During the first half of 2012, CENIT AG recorded a significant increase in sales and earnings against the same period of the previous year. This result was achieved particularly due to the strength of manufacturing industry demand, occasioning correspondingly strong figures for the product lifecycle management (PLM) reporting segment. PLM was able to more than compensate the earnings decline posted by the enterprise information management (EIM) segment. Sales of CENIT’s proprietary software also contracted slightly. However, sales of third-party software grew significantly on-year. The trend for the consulting business remains positive. Based on these positive developments we have raised our annual forecast for the 2012 business year. The preconditions for achieving this target are continued stability of the economic framework and positive developments in the automotive, mechanical engineering and aerospace industries.
After 6 months, CENIT Group posted sales revenues of 57.8 m EUR (as at 06/2011: 50.3 m EUR/ 15%), accounting for EBITDA of 5.1 m EUR (as at 06/2011: 2.9 m EUR/73%) and EBIT of 3.7 m EUR (as at 06/2011: 2.0 m EUR/86%). Earnings per share were 0.31 EUR (as at 06/2011: 0.17 EUR/82%).
Breakdown of Earnings
During the first 6 months, CENIT’s PLM segment achieved total sales of 43.1 m EUR (as at 06/2011: 35.7 m EUR/21%). The EIM segment posted sales of 14.7 m EUR against 14.6 m EUR in the same period of 2011 (0%). Sales of non-proprietary software totaled 24.3 m EUR (as at 06/2011: 18.6 m EUR/31%). Sales of CENIT’s proprietary software contracted from 5.7 m EUR to 5.0 m EUR (-13%). Turnover from services and consulting amounted to 28.2 m EUR (as at 06/2011: 25.9 m EUR/9%). Other sales totaled 0.3 m EUR (as at 06/2011: 0.1 m EUR/132%).
During the first 6 months, incoming orders amounted to 59.1 m EUR Group-wide (as at 06/2011: 56.5 m EUR/5%). On 30 June 2012, orders in hand totaled 44.0 m EUR (as at 06/2011: 35.4 m EUR/24%).
Asset and Financial Status
The asset and financial situation remains solid. On the balance-sheet date, 30 June 2012, equity capital totaled approx. 32.3 m EUR (31 Dec. 2011: 32.2 m EUR), at an equity ratio of 52% (31 Dec. 2011: 57%). On the balance-sheet date, 30 June 2012, bank deposits totaled 21.6 m EUR (31 Dec. 2011: 18.1 m EUR). The enterprise is free of debt.
On 30 June 2012, the total number of staff employed Group-wide was 658 (30 June 2011: 652).
CENIT (SWITZERLAND) AG, Effretikon/Switzerland
During the first six months of 2012, CENIT (Switzerland) AG achieved sales revenue of 5.5 m EUR (as at 06/2011: 4.5 m EUR), accounting for EBIT of 0.8 m EUR (as at 06/2011: 0.5 m EUR).
CENIT NORTH AMERICA Inc., Auburn Hills/MI, USA
With total sales of 4.8 m EUR during the first six months of 2012 (as at 06/2011: 4.8 m EUR), CENIT North America Inc. posted EBIT of 0.7 m EUR (as at 06/2011: 0.7 m EUR).
CENIT SRL, Iasi/Romania
CENIT SRL reported total sales of 0.7 m EUR (as at 06/2011: 0.5 m EUR), resulting in EBIT of 0.1 m EUR (as at 06/2011: 0.0 m EUR).
CENIT France SARL, Toulouse/France
CENIT France SARL achieved sales of 0.3 m EUR (as at 06/2011: 0.3 m EUR) and EBIT of 0.1 m EUR (as at 06/2011: 0.1 m EUR).
CENIT Japan K.K., Tokyo/Japan
The Japanese subsidiary CENIT Japan K.K., established in July of 2011, posted sales of, 0.1 m EUR (as at 06/2011: 0.0 m EUR), accounting for EBIT of -0.1 m EUR (as at 06/2011: 0.0 m EUR).
CENIT is raising its annual forecast and from today’s perspective expects annual sales growth of approx. 7% as well as EBIT between 20% and 25%. The PLM segment posted excellent growth during the first half of the year on the strength of two extraordinary customer orders. During the second half of the year, CENIT expects moderate growth because this reporting segment is highly dependent on economic developments in the automotive, aerospace and mechanical engineering industries. These industries in turn depend on the level of global demand. In the EIM segment – as was already the case during the previous year – the enterprise is strongly dependent on the level of demand from financial service providers and, in view of the persistent instability in this sector, expects the business field to remain challenging.
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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.