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CENIT keeps on growing: Group revenues increase by…

CENIT keeps on growing: Group revenues increase by around 11.5% to EUR 115,863 k EUR compared to previous year

03.11.2022

Stuttgart, November 3rd, 2022 - Continued strong consulting and service business (vs previous year: +35.4%) as well as increased license sales determine the sales growth (vs previous year: +11,908, +11.5%) in the first nine month 2022. The consulting and service business, which was already growing strongly in the first half year (vs previous year +18.9%) continued in the third quarter (+67.3%) and was also boosted by a significant increase in the sale of third-party software licenses (vs previous year: +73.8%) and a general increase in proprietary software business (vs previous year: +11.4%).

After nine months, CENIT Group has generated sales revenues of EUR 115,863 k (previous year:
EUR 103,955 k/+11.5%). Sales revenues in the CENIT consulting and services segment increased by 35.4% to EUR 38,352 k (previous year: EUR 28,334 k). Sales of third-party software increased by 1.7% to
EUR 65,351 k (previous year: EUR 64,242 k). Sales of CENIT's own software also increased from EUR 11,364 k to EUR 12,105 k (+6.5%).

Gross profit (operating performance less cost of materials) amounted to EUR 64,101 k (previous year:
EUR 55,181 k) and thus increased by 16.2%. CENIT achieved EBITDA of EUR 6,132 k (previous year:
EUR 6,217 k/-1.4%) and EBIT of EUR 2,582 k (previous year: EUR 2,436 k/+6.0%). Earnings per share amounted to Cent 14.7 (previous year: Cent 19.4).

Looking at the third quarter alone, the following development can be noticed compared to the third quarter of 2021. Thus, consolidated sales increased by 22.2% to EUR 41,952 k (previous year:
EUR 34,323 k), EBITDA increased by 2.1% to EUR 2,754 k (previous year: EUR 2,697 k) and EBIT amounted to EUR 1,463 k after EUR 1,500 k in the previous year (-2.5%).

Asset and Financial Situation
As of the balance sheet date, equity amounted to EUR 38,253 k (Dec. 31, 2021: EUR 43,645 k). The equity ratio amounted to 34.0% (Dec. 31, 2021: 47.0%). Bank balances and cash and cash equivalents amounted to EUR 22,766 k as of the balance sheet date (Dec. 31, 2021: EUR 26,361 k). The operating cash flow reached EUR 11,316 k (previous year: EUR 8,382 k).

Employees
As of September 30, 2022, the number of employees in the Group was 858 (previous year: 675). Personnel expenses amounted to EUR 48,956 k in the CENIT Group in the reporting period (previous year:
EUR 43,004 k).

Outlook
We confirm our updated forecast for the CENIT Group for the current fiscal year 2022, according to which we expect consolidated sales of around EUR 170.0 million and consolidated earnings (EBIT) of around
EUR 9.0 million. This forecast is subject to the express provision that the global economic and industry-specific conditions do not deteriorate significantly in the current fiscal year 2022, particularly with regard to the growing inflation and economic risks in the context of the war in Ukraine and the continuing effects of the COVID 19 pandemic.
Please visit CENIT’s homepage for the quarterly report as of 30.09.2022: www.cenit.com/reports.

 

Tanja Marinovic
Tanja Marinovic
Marketing/ Investor Relations

+49 711 7825 3320
aktie@cenit.de