CENIT AG

Earnings Release • May 10, 2010

News Details

Ad-hoc | 10 May 2010 08:00

CENIT posts highly stable 1st Quarter

CENIT AG Systemhaus / Quarter Results

10.05.2010 08:00

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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CENIT posts highly stable 1st Quarter
Moderate contribution by US business

Stuttgart, 10 May 2010 - CENIT has posted a very stable start to the 2010
business year, matching 2009 levels as projected. Early in the year, we
were already able to halt the negative trend that our US business had shown
in 2009. Assuming that the financial markets will see sustained recovery
and that the economic crisis will have no further long-term consequences,
we expect positive business developments for the medium term. Our strategy
aims to increase proceeds from software and software-related sales and to
stabilize our business in the fields of service and consulting. The service
segment continues to suffer from short-time work in the auto industry.

During the 1st Quarter 2010, CENIT Group achieved total sales revenues of
20.7 m EUR (2009: 21.8 m EUR/-5%). Sales of non-CENIT software totaled 6.04
m EUR (2009: 5.35 m EUR/+13%). Sales of proprietary software contracted
from 1.81 m EUR to 1.75 m EUR (-3%). Turnover from services and consulting
reached 12.52 m EUR (2009: 14.45 m EUR/-13%). Other revenue amounted to
0.41 m EUR (2009: 0.19 m EUR /+116%). The gross profit was 14.4 m EUR
(2009: 15.8 m EUR/-9%). CENIT achieved EBITDA of 0.99 m EUR (2009: 1.0 m
EUR) and EBIT of 0.64 m EUR (2009: 0.64 m EUR). The result per share was
0.06 EUR (2009: 0.06 EUR).

Development of Orders

During the past Quarter, incoming orders totaled 26.8 m EUR Group-wide
(2009: 26.3 m EUR). On 31 March 2010, orders in hand totaled 27.1 m EUR
(2009: 30 m EUR).

Asset and Financial Situation

CENIT has neither short- nor long-term obligations towards credit
institutions. On the balance-sheet date, the Group's net worth was 28.71 m
EUR (31 Dec 2009: 28.1 m EUR), with an equity ratio of 60% (31 Dec 2009:
64%). On the balance-sheet date, bank deposits and securities totaled 20.8
m EUR (31 Dec 2009: 19.5 m EUR).

Staff

On 31 March 2010, CENIT employed 669 staff Group-wide (31 Mar 2009: 710).

Participations/Foreign Holdings

CENIT (Switzerland) AG, Frauenfeld/Switzerland

During the past Quarter, CENIT (Switzerland) AG posted sales revenues of
0.7 m EUR (2009: 1.2 m EUR), at EBIT of 0.04 m EUR (2009: 0.6 m EUR).

CENIT NORTH AMERICA Inc., Auburn Hills/USA

CENIT North America Inc. achieved sales of 1.4 m EUR (2009: 1.6 m EUR),
accounting for EBIT of 0.07 m EUR (2009: -0.07 m EUR).

CENIT SRL, Iasi/Romania

CENIT SRL recorded sales of 0.1 m EUR (2009: 0.16 m EUR), achieving EBIT of
-0.04 EUR (2009: 0.08 m EUR).

CENIT France SARL, Toulouse/France

Posting a sales total of 0.1 m EUR (2009: 0.1 m EUR), CENIT France SARL
attained EBIT of 0 m EUR (2009: 0.01 m EUR).

Outlook

For the 2010 business year, we project positive developments on the basis
of the results attained in 2009, and continue to adhere to the statements
made in the Annual Report.

You can find the complete 3-Months Report on our webpage
www.cenit.de/quartalsbericht.

About CENIT:

Since 1988, the company has been active as a specialist for product
lifecycle management, enterprise information management and application
management services. 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, as well as numerous medium-sized businesses particularly from the
automotive industry and the mechanical engineering sector, e.g.
Jungheinrich, Flow, Viessmann or Georg Fischer. http://www.cenit.de

Please send queries to:

CENIT AG Systemhaus,
Fabian Rau
Industriestrasse 52-54, D-70565 Stuttgart
Tel.:+497117825-3185
Fax:+49711782544-4185
Email: f.rau@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 Annual Report of
CENIT AG Systemhaus.

10.05.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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

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