• 354-0-0
  • 498-1-354
  • 632-4-354
06.08.2015

CENIT increases sales with its own software significantly, half-year result 2015 grows by 14%

Stuttgart, 6 August 2015 – In the first half of 2015, CENIT AG has continued its positive EBIT development. This rose by around 14% to EUR k 4,864. Equally pleasing is the significant increase by 25.5% in the sale of proprietary software. Compared to the same period last year, the Group generated consistent sales. The PLM segment recorded a slight increase by 0.4%, while in the EIM segment revenues fell by 5.5%.

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).

Orders Development

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).

Employees

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.

Outlook

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.