Earnings Release • Nov 8, 2013
Earnings Release
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Corporate | 8 November 2013 08:00
CENIT AG: After 9 months slight increase in results compared to the same period last year
CENIT AG / Key word(s): Quarter Results
08.11.2013 / 08:00
After 9 months slight increase in results compared to the same period last year
Stuttgart, 08 November 2013 – In the first nine months of 2013, CENIT AG was able to increase sales over the same period last year by 3.4%. The PLM segment grew by about 5% on-year, while the EIM segment shows a slight sales decline. The result after nine months is almost unchanged compared to the previous year. Sales of proprietary software are still developing well with an increase by 27% to EUR k 10,007.
During the first nine months, CENIT group generated sales revenues of EUR k 89,206 (prior year: EUR k 86,233/3.4%). Sales revenues in CENITs consulting and services segment decreased by -1.3% to EUR k 41,580 (prior year: EUR k 42,131). Sales of third-party software increased by approx. 4.5% to EUR k 37,447 (prior year: EUR k 35,843). Sales proceeds from CENIT’s proprietary software grew from EUR k 7,880 to EUR k 10,007 (27.0%), owing primarily to successful end-customer sales of the software products FASTSUITE and cenitCONNECT in the PLM field and IBM FileNet System Monitor and ECLISO in the EIM field.
The gross yield (operating output less cost of materials) amounted to EUR k 54,538 (prior year: EUR k 53,871), representing growth of 1.2%. CENIT achieved EBITDA of EUR k 7,392 (prior year: EUR k 7,535/-1.9%) and EBIT of EUR k 5,664 (prior year: EUR k 5,628/0.6%). Results per share were EUR 0.48 (prior year: EUR 0.47).
Orders Development
During the first nine months, the group-wide order intake totaled EUR k 79,258 (prior year: EUR k 87,224). On 30 September 2013, orders in hand amounted to EUR k 33,660 (prior year: EUR k 38,659).
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 33,984 (31 Dec. 2012: EUR k 34,648), accounting for an equity
ratio of 58.6% (31 Dec. 2012: 58.7%). On the balance-sheet date, bank
deposits and liquid assets totaled EUR k 27,083 (31 Dec. 2012: EUR k 23,779). The operative cash flow was EUR k 8,949 (prior year: EUR k 9,070).
Employees
On 30 September 2013, CENIT group employed 673 staff (prior year: 674). Group-wide personnel costs for the reporting period were EUR k 35,915 (prior year: EUR k 35,071). CENIT is currently training 45 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
CENIT still adheres to its annual forecast for the fiscal year 2013 and expects an increase in sales of around 3% and a stable EBIT. The PLM reporting segment is highly dependent on developments in the automotive, aerospace and mechanical engineering industries. Due to the ongoing financial crisis, the EIM segment still faces a difficult market environment.
Please visit CENIT’s homepage for the full 9 Months Report: www.cenit.com/ quartalsbericht.
About CENIT:
CENIT has been successfully active as a specialist for product lifecycle management, enterprise information management solutions and application management services since 1988. CENIT is listed on the Prime Standard of Deutsche Börse and employs about 700 staff. CENIT serves customers such as Allianz, W&W, Daimler, EADS Airbus, Schwäbisch Hall Kreditservice, BWB and Kuka. Many of our clients are medium-sized enterprises, particularly from the automotive and mechanical engineering industry, e.g. Jungheinrich, Flow, Viessmann or Georg Fischer. http://www.cenit.com
Please send queries to:
CENIT AG
Investor Relations
Industriestrasse 52-54, D-70565 Stuttgart
Tel.:+497117825-3320
Fax:+49711782544-4320
Email: [email protected]
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.
End of Corporate News
08.11.2013 Dissemination of a Corporate News, transmitted by DGAP – a company 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: | [email protected] |
| Internet: | www.cenit.de |
| ISIN: | DE0005407100 |
| WKN: | 540710 |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart |
| End of News | DGAP News-Service |
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| 238728 08.11.2013 |
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