CENIT AG

Earnings Release • Nov 4, 2021

News Details

Corporate | 4 November 2021 07:45

CENIT with a strong third quarter: Group EBIT increases by around 46% compared to previous year to EUR 2,436 k

DGAP-News: CENIT AG / Key word(s): 9 Month figures

04.11.2021 / 07:45

The issuer is solely responsible for the content of this announcement.

Stuttgart, November 4, 2021 – In a market environment still characterized by the uncertainties of the COVID 19 pandemic, we succeeded in Q3 2021 in continuing the positive trend of the first half of 2021. Contributing factors were revenue growth from third-party and proprietary software license sales realized in the first nine months of 2021 (EUR +3,208 k, +34.4%) and a consulting and service business that grew by EUR 887 k (+10.2%) in Q3 2021. Given this environment, revenues from proprietary software licenses increased by 23.7% and those from third-party software by as much as 38.9% in the first nine months.

After nine months, CENIT Group generated sales revenues of EUR 109,237 k (previous year: EUR 109,710 k/-0.4%). Sales revenues in the CENIT consulting and services segment decreased by -2.7% to EUR 28,334 k (previous year: EUR 29,127 k). Sales of third-party software increased by 0.4% to EUR 69,524 k (previous year: EUR 69,227 k). Sales of CENIT’s own software increased also from EUR 11,053 k to EUR 11,363 k (+2.8%).

Gross profit (operating performance less cost of materials) amounted to EUR 55,181 k (previous year: EUR 53,770 k) and thus increased by 2.6%. CENIT achieved EBITDA of EUR 6,217 k (previous year: EUR 6,049 k/+2.8%) and EBIT of EUR 2,436 k (previous year: EUR 1,672 k/+45.7%). Earnings per share amounted to Cent 19.4

(previous year: Cent 11.4).

Looking at the third quarter of 2021 alone, a positive development can be noticed compared to the third quarter of 2020. Thus, consolidated sales increased by 0.8% to EUR 35,309 k (previous year: EUR 35,021 k), EBITDA increased by 20.3% to EUR 2,697 k (previous year: EUR 2,241 k) and EBIT amounted to EUR 1,500 k after EUR 891 k in the previous year (+68.3%).

Orders Development

Incoming orders in the Group amounted to EUR 111,538 k as of September 30, 2021 (previous year: EUR 105,195 k). The order backlog amounted to EUR 40,137 k (previous year: EUR 42,708 k).

Asset and Financial Situation

As of the balance sheet date, equity amounted to EUR 40,544 k (Dec. 31, 2020: EUR 42,723 k). The equity ratio amounted to 49.6% (Dec. 31, 2020: 51.2%). Bank balances and cash and cash equivalents amounted to EUR 27,375 k as of the balance sheet date (Dec. 31, 2020: EUR 26,056 k). The operating cash flow reached EUR 8,382 k (previous year: EUR 12,320 k).

Employees

As of September 30, 2021, the number of employees in the Group was 675 (previous year: 711). Personnel expenses amounted to EUR 43,004 k in the CENIT Group in the reporting period (previous year: EUR 41,325 k).

Outlook

For the current year, we still confirm our outlook for the CENIT Group given at the beginning of the year. We expect sales of around EUR 152,000 k and earnings (EBIT) of around EUR 4,900 k, provided that the general conditions do not deteriorate significantly due to the Corona pandemic.

Please visit CENIT’s homepage for the full quarterly statement as of September 30, 2021: www.cenit.com/reports .

About CENIT:

CENIT is your partner for successful digital transformation. With a broad solutions and services portfolio, CENIT enables clients to optimize their horizontal and vertical business processes. Our solutions are based on innovative technologies in: product lifecycle management, the digital factory and enterprise information management. With interdisciplinary knowledge of the processes involved and their considerable expertise in the field, CENIT consultants provide customers with end-to-end advice to ensure that solutions are implemented with an understanding of the entire value chain. With a holistic approach and based on trusted partnerships, CENIT takes responsibility for solutions on behalf of our clients. From the initial consultation to the introduction of innovative IT solutions, right through to ensuring a cost-effective operation. The CENIT team adapts to each client, taking a practical approach, which enables measurable, operational optimizations. CENIT has been helping prestigious customers in key industries to gain competitive advantages for more than 30 years! CENIT has around 700 employees worldwide who work with customers from: automotive, aerospace, industrial equipment, tool and mold manufacturing, financial services, and trade and consumer products industries.

Please send queries to:

CENIT AG

Tanja Marinovic

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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04.11.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.

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Language:	English
Company:	CENIT AG
	Industriestraße 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, Tradegate Exchange
EQS News ID:	1245965

End of News	DGAP News Service