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10.02.2000

CENIT AG presents preliminary figures for 1999

Stuttgart, February 10th 2000. - CENIT AG Systemhaus - a company with a Neuer Markt listing - presented its preliminary figures for the fiscal year 1999 today. These show that the company’s sales rose by approximately 29 to Euro 79.6* million (1998: Euro 61.6 million). Gross profit rose by about 34 percent to Euro 40.6* million (1998: Euro 30.3 million). There was also a gratifying development in earnings per share. On a comparable basis, earnings rose from Euro 0.58* to Euro 0.69* per share. This corresponds to an increase of 18.6 percent. Operating earnings were boosted to Euro 5.7* million (1998: Euro 5.0 million). "Despite the impact of the Y2K problem, we still achieved double-digit growth rates in both sales and earnings," spokesman for the board of management, Falk Engelmann points out, when speaking of the preliminary results. "We were also very successful with the recruitment of new staff. We succeeded in engaging 125 highly qualified new people for the company throughout the group, and thus increased the workforce as on December 31st 1999 to a total of 440 (1998: 315). This team provides a very good base for our growth in the year 2000."

Strategic orientation to Internet technologies

"Web technologies open up enormous possibilities to our customers by offering them business-to-business solutions", said Engelmann. "These issues will inspire all our areas of activity in future. Through comprehensive know-how in our three segments - e-business, CAD/CAM-Solutions and IT-Services - we shall be playing an increasingly important role in future. Investments in Internet technologies will be written large in the coming years."

Growth stands in the foreground

In the fiscal year 2000, the board of management reckons with sales of about Euro 112 million, and operating earnings of about Euro 8.4 million. Growth will continue to hold priority in the years thereafter. Our medium-term goal is an average growth rate of about 40 percent per year.

CENIT AG Systemhaus will announce further details for fiscal 1999 at its financial press conference on March 28th in Stuttgart.

Background

With its over 450 employees, CENIT AG Systemhaus, Stuttgart, a company listed on the Neuer Markt, is one of the leading service providers for information technologies in Germany. By concentrating on Internet technologies, this systems provider with business activities in e-business, CAD/CAM-Solutions and IT-Services, offers tailor-made solutions from one source. In 1999, CENIT AG Systemhaus made sales of Euro 79.6 million. In addition to its branches in Berlin, Frankfurt, Düsseldorf, Hanover, Munich and Saarbrücken, the company has subsidiaries in Manchester, U.K. and Frauenfeld near Zurich, Switzerland.

* preliminary figures

Please contact:

CENIT AG Systemhaus
Prime Standard Listing - ISIN DE0005407100

Fabian Rau
Vice President Investor Relations & Marketing
Industriestraße 52-54, D-70565 Stuttgart
Tel.: +49 711 7825-3185
Fax: +49 711 782544-4185
E-Mail: info@cenit.de