Analysis Prime, which was just acquired in the fiscal year 2024, has not yet met expectations and contributed to the Group's half-year results with a negative result of around -1.6 mEUR. The transformation of the PLM (Product Lifecycle Management) segment, which is currently in progress, is proceeding as expected, but is contributing to the half-year results with a negative effect of approximately -3.8 mEUR.
It is encouraging to note that operating cash flow for the first half year remained stable at around 10% of revenue, as in the same period of the previous year.
In line with the results achieved in the first half of 2025, the forecast for the full 2025 financial year has been revised. Due to the continuing impact of the economic environment on business expectations and the challenges associated with the development of Analysis Prime, the Management Board now anticipates revenue of at least 205.0 mEUR and an EBIT of at least -1.5 mEUR.
It should be noted that the Management Board expects only a temporary slowdown in business. The medium-term management targets (Strategy 2030) remain unchanged.
Business Development
Sales of CENIT's own software increased slightly from EUR 9,291 k to EUR 9,561 k (+2.9%) Sales revenues in the CENIT consulting and services segment increased by 12.0% to EUR 43,905 k (previous year: EUR 39,210 k). Sales of third-party software decreased by -1.2% to EUR 50,152 k (previous year: EUR 50,771 k).
Gross profit (operating performance less cost of materials) amounted to EUR 62,698 k (previous year: EUR 57,463 k) and thus increased by 9.1%. CENIT achieved an EBITDA of EUR 1,201 k (previous year: EUR 5,796 k/-79.3%) and an EBIT of EUR -3,685 k (previous year: EUR 2,006 k). Earnings per share amounted to -54.5 Cent (previous year: 1.3 Cent).
Asset and Financial Situation
As of the balance sheet date, equity amounted to EUR 39,779 k (Dec. 31, 2024: EUR 47,437 k) in the course of the above-mentioned development. The equity ratio amounted to 25.6% (Dec. 31, 2024: 30.3%). Bank balances, cash and cash equivalents amounted to EUR 20,593 k (Dec. 31, 2024: EUR 16,457 k). Operating cash flow totaled EUR 9,990 k (previous year: EUR 11,150 k), mainly due to the change in working capital.
Employees
As of June 30, 2025, the number of employees in the Group was 945 (Dec. 31, 2024: 984). Personnel expenses of the CENIT Group increased partly in connection with the acquisition of Analysis Prime to EUR 52,304 k (previous year: EUR 43,081 k).
The complete quarterly report as of June 30, 2025 will follow as announced on August 1, 2025 and will be available on our website: www.cenit.com/reports.
