CENIT with slight sales increase in the third quarter 2019


Stuttgart, November 5th, 2019 - During the first nine months, CENIT group generated sales revenues of EUR k 126,156 (prior year: EUR k 123,306/2.3%). Sales revenues in CENITs consulting and services segment decreased by -1.0% to EUR k 36,474 (prior year: EUR k 36,852). Sales of third-party software increased by 3.5% to EUR k 78,231 (prior year: EUR k 75,620). Sales proceeds from CENIT’s own software increased as well from EUR k 10,461 to EUR k 11,364 (8.6%). Looking at the third quarter alone, CENIT was able to increase sales by 1.1% and EBIT by 15.6% compared to the same quarter previous year.

The gross profit (operating output less cost of materials) amounted to EUR k 63,119 (prior year: EUR k 63,655/-0.8%). CENIT achieved EBITDA of EUR k 8,901 (prior year: EUR k 6,927/28.5%) and EBIT of EUR k 4,546 (prior year: EUR k 4,731/-3.9%). Results per share were EUR 0.36 EUR (prior year: 0.39 EUR).

KEONYS, the software specialist acquired by CENIT in 2017, meanwhile positively contributes to our results. The development of the entire KEONYS Group is consistently satisfactory and fully meets our expectations.

Orders Development
During the first nine months, the group-wide order intake totaled EUR k 124,939 (prior year: EUR k 125,130). On September 30th, 2019 orders in hand amounted to EUR k 52,172 (prior year: EUR k 47,285).

Asset and Financial Situation
On the balance-sheet date, equity capital totaled EUR k 36,930 (31 Dec. 2018: EUR k 39,102), accounting for an equity ratio of 42.0% (31 Dec. 2018: 49.4%). On the balance-sheet date, bank deposits and liquid assets totaled EUR k 21,885 (31 Dec. 2018: EUR k 18,041). The operative cash flow was EUR k 10,000 (prior year: EUR k 9,565).

On September 30th, 2019, CENIT group employed 734 (prior year: 739). Group-wide personnel costs for the reporting period were EUR k 45,520 (prior year: EUR k 43,825).

For the current year, the CENIT group expects sales of around EUR 170 million at the previous year's level and earnings (EBIT) of around EUR 8 to 10 million.

Please visit CENIT’s homepage for the full 9 Months Report 2019.

Tanja Marinovic
Tanja Marinovic
Marketing/ Investor Relations