Sales and EBIT at CENIT in line with expectations - First quarter 2016 goes according to plan
During the first 3 months, CENIT Group generated sales revenues of EUR k 29,628 (prior year: EUR k 30,426/-2.6%). In the PLM segment, CENIT achieved Q1 earnings of EUR k 25,407 (prior year: EUR k 24,077/5.5%). The EIM segment attained a sales total of EUR k 4,221 against EUR k 6,349 during the same period of 2015 (-33.5%). Sales revenues in CENIT’s Consulting and Services segment declined by -4.6% to EUR k 12,088 (prior year: EUR k 12,676). Sales of third-party software grew by 1.3% to EUR k 13,583 (prior year: EUR k 13,414). Sales proceeds from CENIT’s proprietary software fell from EUR k 4,264 to EUR k 3,931 (-7.8%).
The gross yield (operating output less cost of materials) amounted to EUR k 18,526 (prior year: EUR k 19,794), representing a decrease of -6.4%. CENIT achieved EBITDA of EUR k 2,745 (prior year: EUR k 2,901/-5.4%) and EBIT of EUR k 2,095 (prior year: EUR k 2,402/-12.8%). Results per share were EUR 0.19 (prior year: EUR 0.22).
During the first three months, the Group-wide order intake totaled EUR k 34,618 (prior year: EUR k 39,250). On 31st March 2016, orders in hand amounted to EUR k 35,097 (prior year: EUR k 35,884).
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 42,291 (31st Dec. 2015: EUR k 39,843), accounting for an equity
ratio of 57.0% (31st Dec. 2015: 59.6%). On 31st March 2016 bank
deposits and liquid assets totaled EUR k 39,139 (31st Dec. 2015: EUR k 33,941). The operative cashflow was EUR k 5,918 (prior year: EUR k 8,239).
On 31 March 2016, CENIT Group employed 629 staff (prior year: 640). Group-wide personnel costs for the reporting period were EUR k 12,490 (prior year: EUR k 12,750). CENIT is currently training 40 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 5%. On the whole, CENIT is anticipating a high single-digit rise in earnings (EBIT).
Please visit CENIT’s homepage for the full Q1 Report 2016: www.cenit.com/reports.