After nine months, CENIT Group generated sales revenues of EUR 109,237 k (previous year: EUR 109,710 k/-0.4%). Sales revenues in the CENIT consulting and services segment decreased by -2.7% to EUR 28,334 k (previous year: EUR 29,127 k). Sales of third-party software increased by 0.4% to EUR 69,524 k (previous year: EUR 69,227 k). Sales of CENIT's own software increased also from EUR 11,053 k to EUR 11,363 k (+2.8%).
Gross profit (operating performance less cost of materials) amounted to EUR 55,181 k (previous year: EUR 53,770 k) and thus increased by 2.6%. CENIT achieved EBITDA of EUR 6,217 k (previous year: EUR 6,049 k/+2.8%) and EBIT of EUR 2,436 k (previous year: EUR 1,672 k/+45.7%). Earnings per share amounted to Cent 19.4 (previous year: Cent 11.4).
Looking at the third quarter of 2021 alone, a positive development can be noticed compared to the third quarter of 2020. Thus, consolidated sales increased by 0.8% to EUR 35,309 k (previous year: EUR 35,021 k), EBITDA increased by 20.3% to EUR 2,697 k (previous year: EUR 2,241 k) and EBIT amounted to EUR 1,500 k after EUR 891 k in the previous year (+68.3%).
Incoming orders in the Group amounted to EUR 111,538 k as of September 30, 2021 (previous year: EUR 105,195 k). The order backlog amounted to EUR 40,137 k (previous year: EUR 42,708 k).
Asset and Financial Situation
As of the balance sheet date, equity amounted to EUR 40,544 k (Dec. 31, 2020: EUR 42,723 k). The equity ratio amounted to 49.6% (Dec. 31, 2020: 51.2%). Bank balances and cash and cash equivalents amounted to EUR 27,375 k as of the balance sheet date (Dec. 31, 2020: EUR 26,056 k). The operating cash flow reached EUR 8,382 k (previous year: EUR 12,320 k).
As of September 30, 2021, the number of employees in the Group was 675 (previous year: 711). Personnel expenses amounted to EUR 43,004 k in the CENIT Group in the reporting period (previous year: EUR 41,325 k).
For the current year, we still confirm our outlook for the CENIT Group given at the beginning of the year. We expect sales of around EUR 152,000 k and earnings (EBIT) of around EUR 4,900 k, provided that the general conditions do not deteriorate significantly due to the Corona pandemic.
Please visit CENIT’s homepage for the full quarterly statement as of September 30, 2021.