CENIT in the first half-year 2019 with slight sales increase
The gross profit (operating output less cost of materials) amounted to EUR k 42,079 (prior year: EUR k 42,658), representing a decrease of -1.4%. CENIT achieved EBITDA of EUR k 4,984 (prior year: EUR k 4,047/23.2%) and EBIT of EUR k 2,061 (prior year: EUR k 2,581/-20.1%). Results per share were EUR 0.16 (prior year: EUR 0.20).
During the first six months, the group-wide order intake totaled EUR k 87,853 (prior year: EUR k 90,270). On June 30th, 2019 orders in hand amounted to EUR k 56,748 (prior year: EUR k 53,635).
Asset and Financial Situation
On the balance-sheet date, equity capital totaled EUR k 35,171 (31 Dec. 2018: EUR k 39,102), accounting for an equity ratio of 36.9% (31 Dec. 2018: 49.4%). On the balance-sheet date, bank deposits and liquid assets totaled EUR k 22,964 (31 Dec. 2018: EUR k 18,041). The operative cash flow was EUR k 10,958 (prior year: EUR k 10,375).
On June 30th, 2019, CENIT group employed 751 staff (prior year: 748). Group-wide personnel costs for the reporting period were EUR k 31,060 (prior year: EUR k 29,720).
For the current year, the CENIT group expects sales of around EUR 170 million at the previous year's level and earnings (EBIT) of around EUR 10 million.
Please visit CENIT’s homepage for the full 6 Months Report 2019: www.cenit.com/reports.