Chat with Filing

Ask questions about this document
Please log in or register to use the chat feature. Please register first.
ER - CENIT Group EBIT increases by 19.8% compared to the previous year

Company: CENIT AG Date: 2021-08-03 Language: English Register to download
Loading document preview...
Document Preview Not Available

The file type (.html) cannot be displayed directly here.
Open Original File
Error loading document preview. Please try the 'Open Original File' link.
You're One Click Away From The Full Filing

Instantly access this document—and 2.8M more—for free. Select your preferred method:
Continue with Google Continue with Microsoft Continue with Facebook Continue with Amazon
 News Details

Corporate | 3 August 2021 08:01

#   

CENIT Group EBIT increases by 19.8% compared to the previous year

DGAP-News: CENIT AG / Key word(s): Half Year Results/Half Year Report  

03.08.2021 / 08:01  

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

**Stuttgart, August 3, 2021** – After six months, CENIT Group generated sales revenues of EUR 73,928 k (previous year: EUR 74,689 k/-1.0%). Sales revenues in the CENIT consulting and services segment decreased by -8.2% to EUR 18,698 k (previous year: EUR 20,378 k). Sales of third-party software increased by 1.8% to EUR 47,552 k (prior year: EUR 46,701 k). Sales of CENIT’s own software also increased from EUR 7,323 k to EUR 7,665 k (+4.7%).

Gross profit (operating performance less cost of materials) amounted to EUR 37,620 k (previous year: EUR 36,878 k) and thus increased by 2.0%. CENIT achieved EBITDA of EUR 3,520 k (previous year: EUR 3,808 k/-7.6%) and EBIT of EUR 936 k (previous year: EUR 781 k/+19.8%). Earnings per share amounted to EUR 0.05 (previous year: EUR 0.04).

Looking at the second quarter of 2021 alone, a consistently positive development can be noticed compared to the second quarter of 2020. Thus, consolidated sales increased by 6.3% to EUR 37,706 k (previous year: EUR 35,461 k), EBITDA increased by 82.7% to EUR 2,686 k (previous year: EUR 1,470 k) and EBIT amounted to EUR 1,458 k after EUR -24 k in the previous year. The development of sales with own software (+11.6%) as well as with third-party software (+4.1%) is also particularly pleasing.  

  

**Orders Development**  

Incoming orders in the Group amounted to EUR 82,837 k as of June 30, 2021 (previous year: EUR 80,087 k). The order backlog amounted to EUR 46,745 k (previous year: EUR 52,620 k).

**Asset and Financial Situation**  

As of the balance sheet date, equity amounted to EUR 39,233 k (Dec. 31, 2020: EUR 42,723 k). The equity ratio amounted to 45.4% (Dec. 31, 2020: 51.2%). Bank balances and cash and cash equivalents amounted to EUR 29,524 k as of the balance sheet date (Dec. 31, 2020: EUR 26,056 k). The operating cash flow reached EUR 9,714 k (previous year: EUR 9,414 k).

**Employees**  

As of June 30, 2021, the number of employees in the Group was 695 (previous year: 717). Personnel expenses amounted to EUR 29,767 k in the CENIT Group in the reporting period (previous year: EUR 28,650 k).  

  

**Outlook**  

For the current year, the CENIT Group expects 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 half-year financial report 2021: [www.cenit.com/reports](https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=a3c28eaa673cd6e004403c192b4c1ea3&application_id=1223417&site_id=news_data&application_name=news) .

**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 750 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](mailto: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.

  

- - -

03.08.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.  

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

  

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.  

Archive at www.dgap.de  

- - -

|     |     |
| --- | --- |
| 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: | 1223417 |

  

|     |     |
| --- | --- |
|     |     |
| End of News | DGAP News Service |

![show this](https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1223417&application_name=news&site_id=news_data)