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CENIT - considerable earnings increase in 2004 according to provisional figures

Executive Board proposed Dividend of 30 cents per share

Ad hoc Disclosure in line with Article 15 of the Securities Trading Actv

Stuttgart, 15 February 2005, 08:30 am – After an initial analysis of the 2004 business results and subject to the audit certificate, the Executive Board at CENIT AG Systemhaus (Prime Standard: CSHG.F ISIN DE0005407100) anticipates consolidated sales of approx. EUR 74,9 million for the 2004 fiscal year. This represents an increase of approximately 6 % on the previous year sales figure of EUR 70.5 million. Growth in the consulting business and the deliberate refusal to generate sales via price resulted in a significant earnings upturn. Gross profit improved by 11 % to EUR 48 million (2003: EUR 43,2 million). In the reporting period, EBIT increased from EUR 2.5 million by over 203 % to approximately EUR 7,5 million. This represents an EBIT margin of 10% after 3,5 % in the previous fiscal year.

Due to the good development of business, the Executive Board and Supervisory Board will propose the distribution of a dividend of 30 cents per share at this year’s Shareholders’ Meeting.

In the 2004 fiscal year, we achieved the most important objectives – improving profitability and the rigorous focus on our core competences. We are facing 2005 optimistically. In 2005, CENIT expects profitable growth combined with the further development of the consultancy business for Product Lifecycle Management, Enterprise Content Management and Outsourcing. For 2005, the CENIT AG Systemhaus Executive Board anticipates consolidated sales of EUR 77 million, gross profit of EUR 51 million and EBIT of EUR 7,3 million.

Detailed results for the 2004 fiscal year will be published as part of a press conference on 22 March 2005.

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