CENIT increases sales with its own software significantly, half-year result 2015 grows by 14%
During the first six months, CENIT group generated sales revenues of EUR k 59,183 (prior year: EUR k 59,700/-0.9%). Sales revenues in CENITs consulting and services segment decreased by -5.8% to EUR k 25,368 (prior year: EUR k 26,926). Sales of third-party software sank by approx. -1.5% to EUR k 25,984 (prior year: EUR k 26,367). Sales proceeds from CENIT’s proprietary software increased from EUR k 6,141 to EUR k 7,707 (25.5%).
The gross yield (operating output less cost of materials) amounted to EUR k 38,154 (prior year: EUR k 36,960), representing growth of 3.2%. CENIT achieved EBITDA of EUR k 5,904 (prior year: EUR k 5,481/7.7%) and EBIT of EUR k 4,864 (prior year: EUR k 4,264/14.1%). Results per share were EUR 0.43 (prior year: EUR 0.36).
During the first six months, the group-wide order intake totaled EUR k 66,601 (prior year: EUR k 58,821). On 30 June 2015, orders in hand amounted to EUR k 39,216 (prior year: EUR k 33,022).
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 35,869 (31 Dec. 2014: EUR k 39,352), accounting for an equity ratio of 54.4% (31 Dec. 2014: 58.8%). On the balance-sheet date, bank deposits and liquid assets totaled EUR k 33,999 (31 Dec. 2014: EUR k 33,250). The operative cash flow was EUR k 9,139 (prior year: EUR k 9,098).
On 30 June 2015, CENIT group employed 629 staff (prior year: 671). group-wide personnel costs for the reporting period were EUR k 24.779 (prior year: EUR k 24.589). CENIT is currently training 49 young professionals in various vocations. The trainees include students from the Dual-Training University of Baden-Württemberg (DHBW) in the fields of informatics and economics, as well as trainees in the field of information technology.
For the current year, the CENIT Group targets sales growth by 3%. On the whole, CENIT is anticipating a rise of approximately 5% in earnings (EBIT), which will be contributed to by both business divisions.
Please visit CENIT’s homepage for the full 6 Months Report 2015: www.cenit.com/reports.