CENIT AG

Earnings Release • Oct 26, 2004

News Details

Ad-hoc | 26 October 2004 08:00

CENIT reached EBIT Margin of 12 % in the Third Quarter

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– CENIT reached EBIT Margin of 12 % in the Third Quarter Significant increase of earnings up to 3,9 Mill. Euro in the first 9 months – revenue rose over 10 % Stuttgart, Oktober 26, 2004 – CENIT recorded a significant increase in earnings up to 3.9 Mill. EUR in the past 9 months. The utilisation of the employees and the level of orders were extremely pleasant and confidently indicate the coming months. The consultancy business could be increased by 17 %, which resulted in an superproportional increase of the gross profit in comparison to the sales. Consolidated sales rose by 10.5 % up to EUR 50.95 million (September 2003: EUR 46,12 million). The group gross profit reached EUR 34.3 million (2003: EUR 30.15 million/ 14%). EBITDA for the group amounted to EUR 4.43 million (2003: EUR 0.91 million EUR/ 387%). Group EBIT rose up to EUR 3.93 million (2003:EUR 0.12 million/3175% ). Group EBT was at EUR 3.98 million (2003:EUR 0.05 million/7860%). Group EPS amounted to 0.71 EUR (2003: 0.01 EUR/ 7000%) undiluted. Group cash flow from operating activities totalled EUR 4.05 million. The Group’s total assets amounted from EUR 24.29 million to EUR 25.21 million. The equity ratio improved from 41% to 52%. At the end of the period under review, equity was at EUR 13.07 million (31 December 2003: EUR 10.06 million). Short-term liabilities to banks include only a goods financing loan of EUR 2.2 million (31 December 2003: EUR 3.25 million). At 30.09.2004, cash and cash equivalents totalled EUR 9.31 million (31 December 2003: EUR 7.15 million). The CENIT Executive Board assumes that the positive sales and earnings trend of recent months will also continue in the remaining months of 2004. As a result of the higher significance of Outsourcing, Product Lifecycle Management solutions in the manufacturing industry and extending document archiving solutions for automated business process solutions, in particular for banks and retail companies, we expect that CENIT will not only strengthen its position but also extend it. Further Information: CENIT AG Systemhaus Fabian Rau Investor Relations/Public Relations Industriestraße 52-54, D-70565 Stuttgart Tel.: (+49) 7 11 / 78 25-3185 Fax: (+49) 7 11 / 78 25-4185 E-Mail: f.rau@cenit.de end of ad-hoc-announcement (c)DGAP 26.10.2004 ——————————————————————————– WKN: 540710; ISIN: DE0005407100; Index: NEMAX 50 Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 260800 Okt 04