CENIT reaches an EBIT growth of 13.6% and a significant increase in sales with own software after 9 months
During the first nine months, CENIT group generated sales revenues of EUR k 89,424 (prior year: EUR k 91,364/-2.1%). Sales revenues in CENITs consulting and services segment decreased by -4.7% to EUR k 38,505 (prior year: EUR k 40,422). Sales of third-party software decreased by -4.0% to EUR k 39,695 (prior year: EUR k 41,360). Sales from CENIT’s proprietary software increased from EUR k 9,220 to EUR k 11,027 (19.6%).
The gross yield (operating output less cost of materials) amounted to EUR k 56,762 (prior year: EUR k 55,520), representing growth of 2.2%. CENIT achieved EBITDA of EUR k 9,203 (prior year: EUR k 8,524/8.0%) and EBIT of EUR k 7,633 (prior year: EUR k 6,719/13.6%). Results per share were EUR 0.66 (prior year: EUR 0.57).
During the first nine months, the group-wide order intake totaled EUR k 87,774 (prior year: EUR k 90,261). On 30 September 2015, orders in hand amounted to EUR k 33,193 (prior year: EUR k 34,458).
Asset and Financial Situation
The enterprise has no liabilities in relation to credit institutions, either of a short-term or long term nature. On the balance-sheet date, equity capital totaled EUR k 37,778 (31 Dec. 2014: EUR k 39,352), accounting for an equity ratio of 56.7% (31 Dec. 2014: 58.8%). On the balance-sheet date, bank deposits and liquid assets totaled EUR k 33,260 (31 Dec. 2014: EUR k 33,250). The operative cash flow was EUR k 8,594 (prior year: EUR k 4,598).
On 30 September 2015, CENIT group employed 632 staff (prior year: 657). Group-wide personnel costs for the reporting period were EUR k 36,600 (prior year: EUR k 36,453). CENIT is currently training 54 young professionals in various vocations. The trainees include students from the Dual-Training University of Baden-Württemberg (DHBW) in the fields of informatics and economics, as well as trainees in the field of information technology.
For the current year, CENIT Group targets consistent sales. On the whole, CENIT is anticipating a rise of 8-10% in earnings (EBIT).
Please visit CENIT’s homepage for the full 9 Months Report 2015: www.cenit.com/reports.