DGAP-News: CENIT AG / Key word(s): Quarter Results
First quarter 2015: CENIT increases EBIT by 10.7%, sales in line with
expectations
05.05.2015 / 08:00
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Stuttgart, 5 May 2015 - While in the first three months of 2015 CENIT
increased sales in line with the expectations by 2% the company reported a
significantly higher EBIT compared to the same period last year. Sales in
the segments PLM (+2.0%) and EIM (+2.5%) increased proportionally compared
to the same period last year.
Very encouraging is the increase in sales of own software by around 25%
compared to the same period last year.
During the first 3 months, CENIT Group generated sales revenues of EUR k
30,426 (prior year: EUR k 29,793/2.1%). In the PLM segment, CENIT achieved
Q1 earnings of EUR k 24,077 (prior year: EUR k 23,599/2.0%). The EIM
segment attained a sales total of EUR k 6,349 against EUR k 6,193 during
the same period of 2014 (2.5%). Sales revenues in CENIT's Consulting and
Services segment declined by -8.1% to EUR k 12,676 (prior year: EUR k
13,799). Sales of third-party software grew by 7.5% to EUR k 13,414 (prior
year: EUR k 12,479). Sales proceeds from CENIT's proprietary software grew
from EUR k 3,392 to EUR k 4,264 (25.7%), owing primarily to successful
end-customer sales of the software products FASTSUITE and cenitCONNECT in
the PLM/Industry 4.0 field and IBM FileNet System Monitor in the EIM
division.
The gross yield (operating output less cost of materials) amounted to EUR k
19,794 (prior year: EUR k 18,781), representing a growth of 5.4%. CENIT
achieved EBITDA of EUR k 2,901 (prior year: EUR k 2,767/4.9%) and EBIT of
EUR k 2,402 (prior year: EUR k 2,171/10.7%). Results per share were EUR
0.22 (prior year: EUR 0.19).
Orders Development
During the first three months, the Group-wide order intake totaled EUR k
39,250 (prior year: EUR k 33,874). On 31st March 2015, orders in hand
amounted to EUR k 35,884 (prior year: EUR k 32,418).
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 41,898 (31st Dec. 2014: EUR k 39,352),
accounting for an equity
ratio of 55.9% (31st Dec. 2014: 58.8%). On 31st March 2015 bank
deposits and liquid assets totaled EUR k 41,739 (31st Dec. 2014: EUR k
33,250). The operative cashflow was EUR k 8,239 (prior year: EUR k 9,846).
Employees
On 31 March 2015, CENIT Group employed 640 staff (prior year: 674).
Group-wide personnel costs for the reporting period were EUR k 12,750
(prior year: EUR k 12,592). CENIT is currently training 50 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 3%. The
individual segments are planned to be in line with the overall development.
On the whole, CENIT is anticipating a rise of approximately 5% in earnings
(EBIT), which will be contributed to by both business divisions.
Please visit CENIT's homepage for the full Q1 Report 2015:
www.cenit.com/quartalsbericht.
About CENIT:
CENIT has been successfully active for more than 25 years as a leading
consulting and software provider for optimizing business processes in the
fields of Digital Factory, Product Lifecycle Management (PLM), SAP
Solutions, Enterprise Information Management (EIM), Business Intelligence
(BI) and Application Management Services (AMS). CENIT supplements standard
solutions from strategic partners such as Dassault Systèmes, SAP and IBM
with well-established proprietary software developments. These include the
FASTSUITE product family for software solutions in the digital factory
world, cenitCONNECT for SAP PLM-related processes, cenitSPIN as a
high-performance PLM desktop, as well as CENIT ECLISO for efficient
information management. The enterprise employs about 700 staff world-wide,
serving customers e.g. from the automotive, aerospace, mechanical
engineering, tool and mold construction, financial services, commercial and
consumer goods industries.
Please send queries to:
CENIT AG
Investor Relations
Industriestrasse 52-54, D-70565 Stuttgart
Tel.:+497117825-3320
Fax:+49711782544-4320
Email: aktie@cenit.de
Additional Information:
This press/ad hoc report may contain future-oriented statements regarding
the business, financial and earnings situation of, as well as profit
projections for, CENIT. Such future-oriented statements are characterized
by terms or statements such as "the company may" or "the company will",
"expects", "assumes", "is considering", "intends to", "plans", "believes",
"will continue to" and/or "estimates", as well as similar terms and
statements. Such statements contain no guarantee that the projections will
in fact be achieved. Rather, such statements involve risks, imponderables
and assumptions that are difficult to predict and, in addition, are based
on assumptions as to future events which may prove to be incorrect. For
this reason, actual events may diverge significantly from the assumptions
contained in the respective statement. In a future-oriented statement by
which CENIT expresses expectations or assumptions with regard to future
events, these expectations or assumptions are made in good faith, and it
shall be assumed that they are made upon an appropriate basis; however, it
cannot be guaranteed that the said statements, expectations or assumptions
shall indeed occur, or be attained or fulfilled. The actual operative
result may diverge significantly from such future-oriented statements and
is subject to certain risks. In this regard, please refer to the Business
Report of CENIT AG.
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05.05.2015 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: CENIT AG
IndustriestraÃe 52 - 54
70565 Stuttgart
Germany
Phone: +49 (0)711 78 25 - 30
Fax: +49 (0)711 78 25 - 4000
E-mail: aktie@cenit.de
Internet: www.cenit.com
ISIN: DE0005407100
WKN: 540710
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart
End of News DGAP News-Service
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352559 05.05.2015
DGAP-News: First quarter 2015: CENIT increases EBIT by 10.7%, sales in line with expectations
| Source: EQS Group AG