CENIT AG Systemhaus / Preliminary Results
13.02.2008
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Order situation promises a considerable increase in sales and earnings for
2008
Stuttgart, February 13, 2008 Essential decisions with far-reaching
consequences as for important investments in expanding internationalisation
and recruiting of skilled personnel as well as the enlargement of the
software area define the previous financial year of CENIT. And even though
the past quarters delays in product related business and software sales,
could not be compensated in the 4th quarter, we continue to look favourably
into the future, due to the identified potential. In 2007, CENIT has
successfully set on its way from a local consulting services and software
provider to a global acting group. In the future this strategic decision
will ameliorate sustainably the operating performance and profitability of
the group.
In 2007, according to preliminary uncertified figures, the CENIT group
generated sales of 77.0 million (2006: 82.4 million / -7%). Gross profit
amounts 58.5 million (2006: 59.0 million / -1%). EBITDA reached 9.7
million (2006: 11.1 million / -13%). In the reporting period, EBIT
decreased to 8.6 million (2006: 10.2 million / -16%). EBT is 9.4
million (2006: 10.0 million / -6%). Earnings per share (EPS) amounts
0.78 (2006: 1.0 / -21%) which is negatively affected by an obvious
higher tax rate. The earnings decline is based on the missing PLM software
revenues as well as delays in IBM product sales for our FileNet System
Monitor software solution.
In 2007 the number of staff increased again by 10% and totals 636 (2006:
576) across the group a gratifying development despite skills shortage.
Outlook
In 2008 we expect a significant increase in group sales and in 2009 a
growth in line with the market. In particular, increasing revenues for the
sale of CENIT proprietary software and the worldwide distribution
cooperation for our software solution with our partners IBM, SAP and
Dassault Systèmes should contribute to increasing the groups earnings. In
the aerospace industry we expect a higher demand in PLM consultancy. The
Enterprise Information Management area has already grown in 2007 stronger
than the market and will benefit in 2008 too from a positive investment
climate for EIM solutions. Our objective is to ameliorate the groups
operative performance in 2008 and 2009 sustainably.
In the coming years we will expand our USA activities, particularly in the
software area together with SAP, Dassault Systèmes and starting 2008 also
with Right Hemisphere. The worldwide available sales agreement with Right
Hemisphere in the SAP environment offers additional potential in the US
American and European market, which will positively affect CENIT sales with
third-party software and related services.
By establishing our subsidiary for software development and Application
Management Outsourcing services in Romania we made another important step
to improve our future competitiveness.
With the integration of cad scheffler, which we have acquired in December
2007, we moreover gain important new customers and market shares in the PLM
environment. In 2008 the integration will be a basic challenge for CENIT
and should contribute positively to the group performance in the following
years.
Our new subsidiary in France builds a bridge to our major customer EADS. At
and with this location, we are planning on setting new standards for the
future. Due to a positive investment climate through our markets we intend
to increase our staff by 10% again. Should the trend continue, a further
expansion in staff numbers is also to be expected in 2009. This expansion
takes place in all subsidiaries and will lead to increased personnel
expenses.
Certified results and figures of the financial year 2007 will be announced
on occasion of our annual press conference on financial statements at March
31, 2008.
About CENIT: The company has been active since 1988 as specialists for
Product Lifecycle Management, Enterprise Information Management solutions
and Application Management Outsourcing. CENIT is listed in the Prime
Standard of the German Stock Market and currently has over 630 employees.
CENIT works for customers such as Allianz, BMW, Daimler, EADS, Airbus, AXA,
Metro, VW and numerous medium-sized companies. http://www.cenit.de
Further Information:
CENIT AG Systemhaus
Fabian Rau/Investor Relations
Industriestrasse 52-54 /D-70565 Stuttgart
Tel.: (+49) 7 11 / 78 25-3185
Fax: (+49) 7 11 / 78 2544-4185
E-mail: f.rau@cenit.de
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Information and Explaination of the Issuer to this News:
Forward-Looking Statements
This news release may contain forward-looking statements about the
business, financial condition, results of operations and earnings outlook
of CENIT Words such s 'may,''will,' 'expect,' 'anticipate,' 'contemplate,'
'intend,' 'plans,' 'believe,''continue' and 'estimate,' and variations of
these words and similar expressions, identify these forward-looking
statements. These statements are not guarantees of future performance,
involve certain risks, uncertainties and assumptions that are difficult to
predict, and are based upon assumptions as to future events that may not
prove accurate. Therefore, actual outcomes and results may differ
materially from what is expressed herein. In any forward-looking statement
in which CENIT expresses an expectation or belief as to future results,
such expectation or belief is expressed in good faith and believed to have
a reasonable basis, but there can be no assurance that the statement or
expectation or belief will result or be achieved or accomplished. Actual
operating results may differ materially from such forward-looking
statements and are subject to certain risks.
DGAP 13.02.2008
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Language: English
Issuer: CENIT AG Systemhaus
Industriestraße 52 - 54
70565 Stuttgart
Deutschland
Phone: +49 (0)711 78 25 - 30
Fax: +49 (0)711 78 25 - 4000
E-mail: aktie@cenit.de
Internet: www.cenit.de
ISIN: DE0005407100
WKN: 540710
Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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DGAP-Adhoc: CENIT Preliminary results 2007
| Source: EQS Group AG