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