CENIT reports decline in sales and earnings in the first quarter of 2021
Sales revenues in CENITs consulting and services segment decreased by -22.2% to EUR k 9,018 (prior year: EUR k 11,594). Sales of third-party software have slightly changed by -0.3% to EUR k 23,641 (prior year: EUR k 23,724). Sales proceeds from CENIT’s proprietary software decreased as well from EUR k 3,640 to EUR k 3,554 (-2.4%).
The gross profit (operating output less cost of materials) amounted to EUR k 17,980 (prior year: EUR k 20,023), representing a decrease of -10.2%. CENIT achieved EBITDA of EUR k 833 (prior year: EUR k 2,338/-64.4%) and EBIT of EUR k -522 (prior year: EUR k 805/>-100.0%). Results per share were -0.06 EUR (prior year: 0.06 EUR).
During the first three months, the group-wide order intake totaled EUR k 50,296 (prior year: EUR k 53,872). On March 31st, 2021 orders in hand amounted to EUR k 51,909 (prior year: EUR k 61,866).
Asset and Financial Situation
On the balance-sheet date, equity capital totaled EUR k 42,236 (31 Dec. 2020: EUR k 42,723), accounting for an equity ratio of 42.6% (31 Dec. 2020: 51.2%). On the balance-sheet date, bank deposits and liquid assets totaled EUR k 32,601 (31 Dec. 2020: EUR k 26,056). The operative cash flow was EUR k 7,676 (prior year: EUR k 9,653).
On March 31st, 2021, CENIT group employed 704 (prior year: 738). Group-wide personnel costs for the reporting period were EUR k 15,297 (prior year: EUR k 15,312).
For the current year, the CENIT group expects sales of around 152.000 EUR k and earnings (EBIT) of around 4.900 EUR k provided that the general conditions do not get significantly worse because of the Corona pandemic.
Please visit CENIT’s homepage for the full 3 Months Report 2021: www.cenit.com/reports.