Increase of sales and result in the first 6 months in relation to previous year
Ad hoc Report in accordance with §15 WpHG
CENIT AG (ISIN: DE0005407100) - Stuttgart, July 31th 2012 – Significant increase in sales and EBIT compared to previous year. The PLM segment contributed significantly to the result. The PLM segment could more than compensate for the decline in earnings in the EIM segment.
During the first 6 months of 2012, CENIT Group posted total sales revenue of 57.8 m EUR (06/2011: 50.3 m EUR/15%) representing EBITDA of 5.1 m EUR (06/2011: 2.9 m EUR/73%) and EBIT of 3.7 m EUR (06/2011: 2.0 m EUR/86%). Earnings per share (EPS) attained 0.31 EUR (06/2011: 0.17 EUR/82%).
Based on the current assessment, CENIT raises the forecast for the business year 2012 up to 7% for annual sales and about 20% to 25% in earnings. In the first 6 months the PLM segment has grown exceedingly attributable to two large projects. In the second half of the year, CENIT expects a moderate growth, based on the strong dependency from the economic trends in the automotive and engineering industries. Both industries are affected by the worldwide demands. Like in the last year, in the EIM segment CENIT feels the strong dependency from the financial service providers. Given to the ongoing uncertainty in this industry, the company expects an environment that remains difficult.
The company will report fully and provide further key figures when presenting the 6 Months Report 2012 on August 10th, 2012. The complete report will then be available on the website at www.cenit.com/reports.