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05.05.2015

First quarter 2015: CENIT increases EBIT by 10.7%, sales in line with expectations

Stuttgart, 5 May 2015 – While in the first three months of 2015 CENIT increased sales in line with the expectations by 2% the company reported a significantly higher EBIT compared to the same period last year. Sales in the segments PLM (+2.0%) and EIM (+2.5%) increased proportionally compared to the same period last year.

 

Very encouraging is the increase in sales of own software by around 25% compared to the same period last year.

 

During the first 3 months, CENIT Group generated sales revenues of EUR k 30,426 (prior year: EUR k 29,793/2.1%). In the PLM segment, CENIT achieved Q1 earnings of EUR k 24,077 (prior year: EUR k 23,599/2.0%). The EIM segment attained a sales total of EUR k 6,349 against EUR k 6,193 during the same period of 2014 (2.5%). Sales revenues in CENIT’s Consulting and Services segment declined by -8.1% to EUR k 12,676 (prior year: EUR k 13,799). Sales of third-party software grew by 7.5% to EUR k 13,414 (prior year: EUR k 12,479). Sales proceeds from CENIT’s proprietary software grew from EUR k 3,392 to EUR k 4,264 (25.7%), owing primarily to successful end-customer sales of the software products FASTSUITE and cenitCONNECT in the PLM/Industry 4.0 field and IBM FileNet System Monitor in the EIM division.

The gross yield (operating output less cost of materials) amounted to EUR k 19,794 (prior year: EUR k 18,781), representing a growth of 5.4%. CENIT achieved EBITDA of EUR k 2,901 (prior year: EUR k 2,767/4.9%) and EBIT of EUR k 2,402 (prior year: EUR k 2,171/10.7%). Results per share were EUR 0.22 (prior year: EUR 0.19).

Orders Development

During the first three months, the Group-wide order intake totaled EUR k 39,250 (prior year: EUR k 33,874). On 31st March 2015, orders in hand amounted to EUR k 35,884 (prior year: EUR k 32,418).

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 41,898 (31st Dec. 2014: EUR k 39,352), accounting for an equity
ratio of 55.9% (31st Dec. 2014: 58.8%). On 31st March 2015 bank
deposits and liquid assets totaled EUR k 41,739 (31st Dec. 2014: EUR k 33,250). The operative cashflow was EUR k 8,239 (prior year: EUR k 9,846).

Employees

On 31 March 2015, CENIT Group employed 640 staff (prior year: 674). Group-wide personnel costs for the reporting period were EUR k 12,750 (prior year: EUR k 12,592). CENIT is currently training 50 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%. The individual segments are planned to be in line with the overall development. 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 Q1 Report 2015: www.cenit.com/quartalsbericht.