Category: IR News, Corporate
10.05.2016

Sales and EBIT at CENIT in line with expectations - First quarter 2016 goes according to plan

Stuttgart, May 10, 2016 - Compared to the same period last year sales and EBIT of CENIT AG are, as expected, somewhat lower in the first quarter. This is mainly due to the decline in sales in the EIM field while the PLM area could achieve a sales increase of 5.5%.


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).

Orders Development

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).

Employees

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.

Outlook

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.