CENIT AG

Earnings Release • Feb 11, 2011

News Details

Ad-hoc | 11 February 2011 07:59

CENIT releases preliminary figures for 2010

CENIT AG / Key word(s): Preliminary Results

11.02.2011 07:59

Dissemination 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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Stuttgart, 11 February 2011 - CENIT AG achieved solid results during the
2010 business year. During the first months of 2010, customers were highly
cautious due to reduced budgets, and short-time work continued in some
CENIT segments. The second half of the year, however, saw a marked increase
in customer appetite for investment - with positive effects on overall
business. Customers evidently draw confidence from the improved economic
conditions and are ready to invest budgets when they are released.
CENIT has posted a clear increase in sales of non-proprietary software,
while revenue from consulting and services is down slightly. Budgeting has
been adjusted in line with the current order volume. The positive trend of
the past months has continued into January 2011.

According to preliminary, unaudited figures, sales totaled 92,5 m EUR
(2009: 86.5 m EUR /7%). CENIT achieved EBITDA in the amount of 5.8 m EUR
(2009: 5.3 m EUR/9%) and EBIT of 4m EUR (2009: 3.9 m EUR/3%). The on-year
EBITDA increase is diminished by increased write-downs resulting from the
acquisition of conunit GmbH. Earnings per share (EPS) attained 0.35 EUR
(2009: 0.34 EUR/3%). On 31 December 2010, CENIT Group employed 634 staff
plus approx. 43 trainees (2009: 647 plus approx. 48 trainees). On the
balance-sheet date, equity capital totaled 28.9 m EUR (2009: 28.1 m EUR)
and bank deposits and short-term securities totaled 14.3 m EUR (2009: 19.5
m EUR).

Outlook

CENIT AG has built a solid foundation for continued positive development.
To achieve the results targets for the 2011 business year, the enterprise
will focus on increased capacity utilization in the services segment and
promote demand for CENIT's proprietary software products. Additionally, we
aim to expand our process consulting segment. The goal for 2011 is a
performance and results increase in the order of 10%. We need to constantly
enhance our market position and will therefore continue to invest in new
technologies and remain on the lookout for acquisition opportunities in our
core business sector.

Detailed results of the 2010 business year as well as the proposal on the
appropriation of the net profits will be published together with the
approved annual financial statements on 31 March 2011. The figures provided
above are preliminary and unaudited consolidated figures within the meaning
of IFRS.

About CENIT:

The enterprise has been active as a specialist for product lifecycle
management, enterprise content management solutions, business optimization
& analytics, and application management services since 1988. CENIT is
listed on the Prime Standard of Deutsche Börse and currently employs about
700 staff. Among others, CENIT serves clients such as Allianz, W&W,
Daimler, EADS Airbus, VR kreditwerk, BWB and Kuka. Many of our customers
are medium-sized enterprises, particularly from the automotive and
mechanical engineering sectors, e.g. Jungheinrich, Flow, Viessmann or Georg
Fischer. http://www.cenit.de

Please send queries to:

CENIT AG
Investor Relations
Industriestrasse 52-54, D-70565 Stuttgart
Tel.: +49 711 7825-3320
Fax: +49 711 782544-4320
Email: aktie@cenit.de

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Information and Explaination of the Issuer to this News:

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 above 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, 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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Language: English
Company: CENIT AG
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, Düsseldorf, Hamburg, München

End of Announcement DGAP News-Service

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