CENIT AG

Earnings Release • May 9, 2005

News Details

Ad-hoc | 9 May 2005 08:31

CENIT AG Systemhaus:EBIT rose by 1 Mill. to EUR 1.6 Mill.

Ad hoc announcement §15 WpHG CENIT increased revenue by 11 % in the first quarter 2005 CENIT AG Systemhaus:EBIT rose by 1 Mill. to EUR 1.6 Mill. Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— CENIT increased revenue by 11 % in the first quarter 2005 EBIT rose by 1 Mill. to EUR 1.6 Mill. – incoming orders increased by 6 % Stuttgart – 09. May 2005 – 8:30 a.m – The start of 2005 has been extremely successful for CENIT. Business development and incoming orders are very positive. With sales growth of 11 percent, the highest in the last three years, CENIT confirmed its excellent position in the market for Product Lifecycle Management, Document Management and Outsourcing. Moreover, the consultancy share ot the total revenue and also the sales of CENIT software increased extremly positive. A significant contribution to this was made by our international sales alliances, particularly in the USA and Asia. The strategic goal of increasing market shares is progressing as planned and is reflected positively in the earnings for the first quarter. Consolidated sales rose by 11 percent to EUR 16.11 million (2004: EUR 14.45 mil-lion). The Group gross proceeds reached EUR 12.17 million (2004: EUR 10.98 mil-lion/11 percent). EBITDA for the Group increased by 127 percent to EUR 1.77 mil-lion (2004: EUR 0.78 million). Group EBIT rose by EUR 1 million to EUR 1.60 million (2004: EUR 0.60 million/167 percent). Group EBT was EUR 1.68 million (2004: EUR 0.61 million/175 percent). Group EPS amounted to EUR 0.26 (2004: EUR 0.12/117 percent) undiluted. Group free cash flow was EUR 3.3 million. The Group’s total assets reached EUR 27.7 million (2004: EUR 28.5 million). The equity ratio improved from 49 percent to 54 percent. At the end of the period under review, equity was EUR 15.0 million (31 December 2004: EUR 13.9 million). Cash and cash equivalents increased by more than EUR 3.0 million to approximately EUR 18 million in comparison to 31 Decem-ber 2004 (EUR 14.7 million). Outlook The CENIT Executive Board assumes that the positive sales and earnings trend of recent quarters will continue in 2005. It is already clear today that our customers continue to welcome innovation and that, in contrast with the overall economic situation, particularly in Germany, it is characterised by growth. Every single step of our customers’ innovation process is now supported by IT. The coming months at CENIT will be, among other things, by ambitious personnel development, which will meet the increasing demand for our consultancy services. If you have any questions, please contact: CENIT AG Systemhaus ISIN – DE0005407100 Fabian Rau/Investor Relations Industriestrasse 52-54 /D-70565 Stuttgart Germany Tel.: (+49) 7 11 / 78 25-3185 Fax: (+49) 7 11 / 78 25-4185 E-Mail: f.rau@cenit.de Forward-Looking Statements This news release may contain forward-looking statements about the business, financial condition, results of operations and earnings outlook of CENIT Words such as “may,””will,” “expect,” “anticipate,” “contemplate,” “intend,” “plans,” “believe,””continue” and “estimate,” and variations of these words and similar expressions, identify these forward-looking statements. These statements are not guarantees of future performance, involve certain risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. Therefore, actual outcomes and results may differ materially from what is expressed herein. In any forward-looking statement in which CENIT expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the statement or expectation or belief will result or be achieved or accomplished. Actual operating results may differ materially from such forward-looking statements and are subject to certain risks Information about CENIT: CENIT AG Systemhaus is an internationally operating consulting company which employs more than 480 people. Focusing Product Lifecycle Management Consulting, Outsourcing and Enterprise Content Management solutions, the company is listed in Germany’s Prime Standard and in the GateM in Stuttgart. Customers are BMW, DaimlerChyrsler, Audi, VW, AIRBUS, CONTI, Allianz, Metro, REWE and others. CENIT AG Systemhaus Industriestraße 52 – 54 70565 Stuttgart Deutschland ISIN: DE0005407100 WKN: 540710 Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart End of ad hoc announcement (c)DGAP 09.05.2005 090831 Mai 05