CENIT 9 Months 2020: Sales decline by 13% compared to the previous year
The gross profit (operating output less cost of materials) amounted to EUR k 53,977 (prior year: EUR k 63,119), representing a decrease of -14.5%. CENIT achieved EBITDA of EUR k 6,049 (prior year: EUR k 8,901/-32.0%) and EBIT of EUR k 1,672 (prior year: EUR k 4,546/-63.2%). Results per share were 0.11 EUR (prior year: 0.36 EUR).
During the first nine months, the group-wide order intake totaled EUR k 105,195 (prior year: EUR k 124,939). On September 30th, 2020 orders in hand amounted to EUR k 42,708 (prior year: EUR k 52,172).
Asset and Financial Situation
On the balance-sheet date, equity capital totaled EUR k 41,400 (31 Dec. 2019: EUR k 40,940), accounting for an equity ratio of 50.2% (31 Dec. 2019: 45.8%). On the balance-sheet date, bank deposits and liquid assets totaled EUR k 27,234 (31 Dec. 2019: EUR k 18,461). The operative cash flow was EUR k 12,320 (prior year: EUR k 12,540).
On September 30th, 2020, CENIT group employed 711 (prior year: 734). Group-wide personnel costs for the reporting period were EUR k 41,325 (prior year: EUR k 45,520).
The global economic environment continues to be characterized by great uncertainties due to the corona virus pandemic, especially in our main sectors of automotive, aerospace and mechanical engineering. It therefore remains difficult to predict the negative effects.
Based on the results so far and the current business development, we expect sales in the range of EUR k 145,000 to EUR k 150,000 and EBIT of EUR k 1,500 to EUR k 2,000.
Please visit CENIT’s homepage for the full 9 Months Report 2020: www.cenit.com/reports.