On-year Q1 hike of 9% in sales and EBIT

13.05.2013

Stuttgart, 14 May 2013 – During the first 3 months of 2013, CENIT AG was able to increase sales by 9% against the same period of the previous year. The PLM segment grew by 10% on-year, while the EIM segment posted growth of almost 7%. Results developed proportionally to sales and likewise increased by 8.6%. CENIT AG is pleased to note that sales growth is distributed across all product types. Sales of proprietary software were up 74% to EUR k 3,224.

During the first 3 months, CENIT Group generated sales revenues of EUR k 31,816 (prior year: EUR k 29,122/9.3%). Sales revenues in CENIT’s Consulting and Services segment grew by 2.4% to EUR k 14,884 (prior year: EUR k 14,533). Sales of third-party software increased significantly by approx. 7.4% to EUR k 13,625 (prior year: EUR k 12,681). Sales proceeds from CENIT’s proprietary software grew from EUR k 1,854 to EUR k 3,224 (73.9%), owing pri-marily to successful end-customer sales of the software products FASTSUITE and cenitCONNECT in the PLM field and IBM FileNet System Monitor and ECLISO in the EIM field.

The gross yield (operating output less cost of materials) amounted to EUR k 19,238 (prior year: EUR k 18,590), representing growth of 3.5%. CENIT achieved EBITDA of EUR k 2,374 (prior year: EUR k 2,303/3,1%) and EBIT of EUR k 1,786 (prior year: EUR k 1,645/8,6%). Results per share were EUR 0.15 (prior year: EUR 0.15).

Orders Development

During the first three months, the Group-wide order intake totaled EUR k 34,380 (prior year: EUR k 41,139). On 31 March 2013, orders in hand amounted to EUR k 39,525 (prior year: EUR k 51,468).

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 35,925 (31 Dec. 2012: EUR k 34,648), accounting for an equity
ratio of 51.8% (31 Dec. 2012: 58.7%). On the balance-sheet date, bank
deposits and liquid assets totaled EUR k 32,481 (31 Dec. 2012: EUR k 23,779). The operative cash flow was EUR k 8,980 (prior year: EUR k 8,085).

Employees

On 31 March 2013, CENIT Group employed 679 staff (prior year: 653). Group-wide personnel costs for the reporting period were EUR k 13,049 (prior year: EUR k 12,488). CENIT is currently training 41 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.

Outlook

CENIT adheres to its most recent annual forecast and continues to expect a 3% increase in annual sales as well as stable EBIT. Against the backdrop of a slow-ing economy, CENIT expects moderate growth during Q2 2013. Among other factors, the PLM reporting segment is highly dependent on economic conditions and developments in the automotive, aerospace and mechanical engineering industries. Due to the ongoing financial and debt crisis, the EIM segment also faces a difficult market environment.

Please visit CENIT’s homepage for the full Q1 Report: www.cenit.com/reports.