CENIT increases half year sales by around 4%
During the first six months, CENIT group generated sales revenues of EUR k 61,424 (prior year: EUR k 59,183/3.8%). Sales revenues in CENITs consulting and services segment decreased by -3.3% to EUR k 24,532 (prior year: EUR k 25,368). Sales of third-party software rose by approx. 10.5% to EUR k 28,722 (prior year: EUR k 25,984). Sales proceeds from CENIT’s proprietary software increased from EUR k 7,707 to EUR k 8,059 (4.6%).
The gross yield (operating output less cost of materials) amounted to EUR k 38,007 (prior year: EUR k 38,154), representing a decrease of -0.4%. CENIT achieved EBITDA of EUR k 5,917 (prior year: EUR k 5,904/0.2%) and EBIT of EUR k 4,677 (prior year: EUR k 4,864/-3.8%). Results per share were EUR 0.41 (prior year: EUR 0.43).
During the first six months, the group-wide order intake totaled EUR k 62,887 (prior year: EUR k 66,601). On 30 June 2016, orders in hand amounted to EUR k 33,293 (prior year: EUR k 39,216).
Asset and Financial Situation
The enterprise has no liabilities in relation to credit institutions, either of a short-term or long term nature. On the balance-sheet date, equity capital totaled EUR k 35,848 (31 Dec. 2015: EUR k 39,843), accounting for an equity ratio of 53.8% (31 Dec. 2015: 59.6%). On the balance-sheet date, bank deposits and liquid assets totaled EUR k 30,402 (31 Dec. 2015: EUR k 33,941). The operative cash flow was EUR k 5,830 (prior year: EUR k 9,139).
On 30 June 2016, CENIT group employed 625 staff (prior year: 629). Group-wide personnel costs for the reporting period were EUR k 25,150 (prior year: EUR k 24,779).
For the current year, the CENIT Group is still anticipating a sales growth by 5%. On the whole, CENIT is anticipating a high single-digit rise in earnings (EBIT).
Please visit CENIT’s homepage for the full 6 Months Report 2016: www.cenit.com/reports.