CENIT with high sales growth in the 1st quarter 2018


Stuttgart, May 16th, 2018 - After three months, CENIT AG was able to significantly increase its sales and sales revenues from third-party software, in particular through the acquisition of the KEONYS Group. On the other hand, EBIT decreased by 13% in the first quarter due to the decline in the sale of own software.

During the first three months, CENIT group generated sales revenues of EUR k 40,934 (prior year: EUR k 29,955/36.7%). Sales revenues in CENITs consulting and services segment increased by 2.5% to EUR k 12,553 (prior year: EUR k 12,245). Sales of third-party software increased by approx. 83.8% to EUR k 24,694 (prior year: EUR k 13,435). Sales proceeds from CENIT’s proprietary software decreased from EUR k 4,160 to EUR k 3,616 (-13.1%).

The gross yield (operating output less cost of materials) amounted to EUR k 21,509 (prior year: EUR k 18,584), representing an increase of 15.7%. CENIT achieved EBITDA of EUR k 2,153 (prior year: EUR k 2,656/-18.9%) and EBIT of EUR k 1,428 (prior year: EUR k 2,154/-33.7%). Results per share were EUR 0.13 (prior year: EUR 0.17).

Orders Development
During the first three months, the group-wide order intake totaled EUR k 53.505 (prior year: EUR k 33,198). On 31st March 2018 orders in hand amounted to EUR k 58.048 (prior year: EUR k 32,488).

Asset and Financial Situation
On the balance-sheet date, equity capital totaled EUR k 41,719 (31 Dec. 2017: EUR k 40,855), accounting for an equity ratio of 41.4% (31 Dec. 2017: 46.8%). On the balance-sheet date, bank deposits and liquid assets totaled EUR k 33,736 (31 Dec. 2017: EUR k 23,692). The operative cash flow was EUR k 13,929 (prior year: EUR k 10,081).

On 31st March 2018, CENIT group employed 758 staff (prior year: 613). Group-wide personnel costs for the reporting period were EUR k 15,209 (prior year: EUR k 12,650).

For the current year, the CENIT Group is anticipating a sales growth by 25% with unchanged earnings (EBIT) compared to the previous year. Please visit CENIT’s homepage for the full 3 Months Report 2018.

Tanja Marinovic
Tanja Marinovic
Marketing/ Investor Relations