CENIT AG

Earnings Release • Feb 13, 2009

News Details

Ad-hoc | 13 February 2009 08:10

CENIT AG Systemhaus:CENIT sales increase by 8 percent in 2008

CENIT AG Systemhaus / Preliminary Results/Preliminary Results

Release 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 sales increase by 8 percent

Stuttgart, 13 February 2009 – The 2008 business year was characterized by a
staff increase of 13 percent and sales growth of 8 percent. According to
preliminary, as yet unverified figures, CENIT Group achieved total sales of
€ 83.2 m (2007: € 77.0 m). Hardware sales contracted as projected. CENIT’s
hardware segment, which had been in decline for years, has now been
comprehensively restructured and outsourced to an experienced hardware
distributor to handle CENIT’s existing customer pool in this field. Sales
of non-proprietary software grew significantly thanks to a reorganization
of our partner Dassault Systèmes’ sales strategy. A commission-driven
business model has been replaced by a value-added reseller partnership,
supporting increased sales activities. Sales of CENIT’s proprietary
software did not reach expected levels. CENIT achieved EBITDA of € 5.9 m
(2007: € 9.5 m / -38%) and EBIT of € 4.5 m (2007: € 8.4 m / -46%) and thus
slightly exceeded the results forecast for 2008. Earnings per share (EPS)
attained 0.37€ (2007: € 0.73 / -49%). On 31 December 2008, the number of
employees was 721 Group-wide (2007: 636), representing a distinct increase
by 13 percent despite a shortage of specialists on the market. CENIT’s
conservative financial policies over the past years are now paying off and
are reflected in the Group’s stable financial situation. On the
balance-sheet date, CENIT’s shareholder equity amounted to € 25.2 m (2007:
€ 26.2 m), with a total of bank deposits and short-term securities of €
13.2 m (2007:€ 18.3 m).

Outlook

For the 2009 business year we expect a stable development of sales and
results. However, the growing insecurities in the financial and real
markets prevent us from making quantifiable projections. We will offer more
concrete comments on the current business year during our annual results
press briefing, as well as in our quarterly reports.
Detailed results and figures of the financial year 2008 and the proposal on
the appropriation of the balance sheet profit will be announced on occasion
of our press conference on financial statements on 30 March 2009

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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 Systemhaus.

Contact:
Fabian Rau
Direktor Investor Relations
f.rau@cenit.de
Telefon: 0711 - 78 25 3185
Fax: 0711 - 78 25 44 4185

13.02.2009 Financial News transmitted by DGAP

Language: English
Issuer: 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, Hamburg, Düsseldorf

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