CENIT AG

Earnings Release • Nov 9, 2010

News Details

Ad-hoc | 9 November 2010 07:59

CENIT posts positive 3rd Quarter results

CENIT AG / Key word(s): Quarter Results

09.11.2010 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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High growth in software earnings

Stuttgart, 9 November 2010 - CENIT's stable business trend of the first
half of the year has continued during the 3rd Quarter. As expected,
earnings from sales of non-proprietary software grew most strongly,
accounting for solid gains in the field of Product Lifecycle Management
(PLM). However, sales in the consulting and services segment have declined.
Expenditures have been adjusted to the changing orders situation as
appropriate.

This Quarter is the first to also take into account the results of conunit
GmbH, an enterprise acquired by CENIT at the beginning of the 3rd Quarter.
The consulting provider in the fields of business intelligence (BI) and
analysis is a meaningful addition to CENIT's long-established business
segment Enterprise Information Management (EIM), particularly with a view
to the high technical expertise of conunit's staff in the BI field. CENIT
plans to expand this segment over the coming years. conunit fully merged
with CENIT pursuant to a decision of 20 August. The merger was entered in
the commercial register on 20 September 2010.

At the end of the 3rd Quarter, CENIT Group achieved total sales revenue of
64.8 m EUR (2009: 63.4 m EUR/+2%). The gross profit amounted to 43.1 m EUR
(2009: 43.5 m EUR/-1%). CENIT attained EBITDA of 3.0 m EUR (2009: 2.8 m
EUR/+6%) and EBIT of 1.7 m EUR (2009: 1.7 Mio. EUR). Earnings per share
were 0.15 EUR (2009: 0.21 EUR).

Breakdown of Earnings

In the PLM segment CENIT achieved a sales total of 46.5 m EUR (2009: 43.7 m
EUR/+6%). The EIM segment posted sales of 18.3 m EUR after 19.7 m EUR in
2009 (-7%). Earnings from non-proprietary software attained 21.0 m EUR
(2009:16.9 m EUR/+24% *revised accounting method). Sales of CENIT's
proprietary software increased slightly from 5.7 m EUR to 5.9 m EUR (+2%
*revised accounting method).

Turnover from services and consulting totaled 37.4 m EUR (2009: 40.2 m
EUR/-7%). Other turnover amounted to 0.6 m EUR (2009: 0.5 m EUR /+20%).

Orders Development

Incoming orders Group-wide totaled 70.2 m EUR (2009: 56.9 m EUR/+23%).
Orders in hand on 30 September 2010 amounted to 27.8 m EUR (2009: 21.1 m
EUR/+32%).

Asset and Financial Situation

The asset and financial situation, while influenced by the acquisition of
conunit GmbH, remains comfortable. The acquisition price was in the lower
single-digit millions. On the balance-sheet date, equity capital totaled
approx. 27.2 m EUR (31 Dec. 2009: 28.1 m EUR), accounting for an equity
ratio of 60% (31 Dec. 2009: 64%). On the balance-sheet date, bank deposits
and securities totaled 10.3 m EUR (31 Dec. 2009: 19.5 m EUR). The
enterprise remains debt-free.

Staff

On 30 September 2010, CENIT employed 696 staff Group-wide (30 Sept. 2009:
705).

Holdings/Foreign Subsidiaries

CENIT (Switzerland) AG, Frauenfeld/Switzerland

CENIT (Switzerland) AG achieved sales revenue of 2.1 m EUR (2009: 2.8 m
EUR), accounting for EBIT of 0.1 m EUR (2009: 0.8 m EUR).

CENIT NORTH AMERICA Inc., Auburn Hills/USA

With sales of 3.8 m EUR (2009: 4.1 m EUR), CENIT North America Inc.
attained EBIT of -0.1 m EUR (2009: -0.6 m EUR).

CENIT SRL, Iasi/Romania

CENIT SRL achieved sales of 0.3 m EUR (2009: 0.4 m EUR), accounting for
neutral EBIT (2009: 0.1 m EUR).

CENIT France SARL, Toulouse/France

CENIT France SARL posted sales of 0.4 m EUR (2009: 0.3 m EUR) and EBIT of
0.04 m EUR (2009 0.02 m EUR).

Outlook

CENIT's software business, which has already performed well during the 3rd
Quarter, is expected to remain strong over the coming months. We anticipate
further improvements in capacity utilization within the services segment.
We thus expect positive developments for the 2010 business year based on
the results attained in 2009, and continue to adhere to the statements made
in the 2009 Annual Report.

The full 3rd Quarter Report is available on our website at
www.cenit.de/quartalsbericht.

About CENIT:

The enterprise has been 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 currently employs about 700 staff. CENIT serves
customers such as Allianz, W&W, Daimler, EADS Airbus, VR kreditwerk, BWB
and Kuka. Many customers are mid-size enterprises, particularly from the
periphery of the automotive industry and mechanical engineering, such as
Jungheinrich, Flow, Viessmann or Georg Fischer. http://www.cenit.de

Please send queries to:

CENIT AG
Industriestrasse 52-54
D-70565 Stuttgart
Tel.:+497117825-3320
Fax:+49711782544-4320
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 suppositiuons 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 Annual 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 Hamburg, München, Düsseldorf, Berlin

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