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19.02.2002

CENIT AG Systemhaus - Preliminary Figures 2001

Adhoc-announcement following § 15 WpHG

Stuttgart, 19. Februar 2002 – Preliminary balance results 2001 for CENIT Germany show a turnover of 87.3 m. EUR (2000: 92.3 m. EUR). EBITDA losses of the first half year 2001 in Germany could be compensated by realizing appropriate measures and effective cost reduction programs. The outcome of this is a balanced EBITDA year result. The EBIT in Germany resulted in minus 3.5 m. EUR (2000: 3.2m EUR). The EBT adjusted for extraordinary cost and expenses is minus 6.2 m EUR. This includes a depreciation of the investment in the french subsidiary of 2 m. EUR. The discontinuance of the business field e-commerce in Germany and the reverse transaction of the subsidiaries in Great Britain and North America resulted in extraordinary expenses of 12.7 m. EUR. This contains the depreciation and amortization of fixed assets, finance investments and receivables as well as the costs for the reverse transaction of the former subsidiaries in North America and Great Britain. The EBT for CENIT Germany after these special expenses is minus 18.7 m. EUR. The liabilities to banks after the reduction of liquid assets could be reduced to an amount of 9.5 m. EUR, which means a difference of 0.7 m. EUR to the former year 2000. All necessary credits for 2002 are granted and available.

Preliminary balance results for CENIT Group’s financial year 2001 result in a turnover of 118 m. EUR (2000: 118.5 m. EUR). Due to the economic downturn and the negative development in the out-come of the international subsidiaries in North America and Great Britain, the EBITDA for the CENIT Group resulted in minus 2.6 m. EUR (2000: 5.2 m. EUR). The EBIT for the CENIT Group is minus 9 m. EUR (2000: 1.3 m. EUR). CENIT Group’s EBT is expected to be minus 18.3 m. EUR . With subsidiaries in France and Switzerland as well as a sales office in the US, CENIT is still internationally oriented and on the right way towards an increase in profitability. With the reverse transaction of the subsidiaries in USA and UK CENIT parted with his cash burner of the year 2001 and is expecting now a positive result for the year 2002.
We will present the final figures at our annual press conference on March 22st.

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