During the first six months, CENIT group generated sales revenues of EUR k 59,700 (prior year: EUR k 60,389/-1.1%). Sales revenues in CENITs consulting and services segment decreased by -3.6% to EUR k 26,932 (prior year: EUR k 27,937). Sales of third-party software increased by approx. 2.2% to EUR k 26,361 (prior year: EUR k 25,793). Sales proceeds from CENIT’s proprietary software declined from EUR k 6,540 to EUR k 6,141 (-6.1%).
The gross yield (operating output less cost of materials) amounted to EUR k 36,960 (prior year: EUR k 36,590), representing growth of 1.0%. CENIT achieved EBITDA of EUR k 5,481 (prior year: EUR k 4,800/14.2%) and EBIT of EUR k 4,264 (prior year: EUR k 3,645/17.0%). Results per share were EUR 0.36 (prior year: EUR 0.31).
During the first six months, the group-wide order intake totaled EUR k 58,821 (prior year: EUR k 56,208). On 30 June 2014, orders in hand amounted to EUR k 33,022 (prior year: EUR k 36,129).
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 36,094 (31 Dec. 2013: EUR k 35,930), accounting for an equity ratio of 54.7% (31 Dec. 2013: 59.5%). On the balance-sheet date, bank deposits and liquid assets totaled EUR k 30,968 (31 Dec. 2013: EUR k 26,632). The operative cash flow was EUR k 9,098 (prior year: EUR k 11,372).
On 30 June 2014, CENIT group employed 671 staff (prior year: 673). group-wide personnel costs for the reporting period were EUR k 24,589 (prior year: EUR k 24,516). CENIT is currently training 45 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.
CENIT is maintaining its forecast and expects an increase in sales and EBIT of approximately 5%. In order to achieve this goal this years’ focus is on the ac-quisition of new customers, the software development in particular and the growth in the market segments that are relevant for CENIT. Please visit CENIT’s homepage for the full 6 Months Report.