Category: Corporate, Investor Relations, Ad-hoc, IR News
16.05.2017

CENIT: the first quarter of 2017 goes according to plan

Stuttgart, May 16th, 2017 - After three months, CENIT AG was able to slightly increase its sales and EBIT. The company recorded a sales growth by around 6 percent in its own software compared to the same period of previous year.


During the first three months, CENIT group generated sales revenues of EUR k 29,955 (prior year: EUR k 29,628/1.1%). Sales revenues in CENITs consulting and services seg-ment increased by 1.3% to EUR k 12,245 (prior year: EUR k 12,088). Sales of third-party software decreased by approx. -1.1% to EUR k 13,435 (prior year: EUR k 13,583). Sales proceeds from CENIT’s proprietary software increased from EUR k 3,931 to EUR k 4,160 (5.8%).

The gross yield (operating output less cost of materials) amounted to EUR k 18,584 (prior year: EUR k 18,526), representing an increase of 0.3%. CENIT achieved EBITDA of EUR k 2,656 (prior year: EUR k 2,745/-3.3%) and EBIT of EUR k 2,154 (prior year: EUR k 2,095/2.8%). Results per share were EUR 0.17 (prior year: EUR 0.19).

Orders Development
During the first three months, the group-wide order intake totaled EUR k 33,198 (prior year: EUR k 34,618). On 31st March 2017 orders in hand amounted to EUR k 30,759 (prior year: EUR k 35,097).

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 41,746 (31 Dec. 2016: EUR k 40,578), accounting for an equity ratio of 55.6% (31 Dec. 2016: 56.2%). On the balance-sheet date, bank deposits and liquid assets totaled EUR k 42,884 (31 Dec. 2016: EUR k 33,606). The operative cash flow was EUR k 10,081 (prior year: EUR k 5,918).

Employees
On 31st March 2017, CENIT group employed 613 staff (prior year: 629). Group-wide per-sonnel costs for the reporting period were EUR k 12,650 (prior year: EUR k 12,490).

Outlook
For the current year, the CENIT Group is anticipating a sales growth by 2% with un-changed earnings (EBIT) compared to the previous year.
Please visit CENIT’s homepage for the full 3 Months Report 2017: www.cenit.com/reports.