CENIT AG

Earnings Release • May 3, 2001

News Details

Ad-hoc | 3 May 2001 21:01

Ad hoc-Service: CENIT AG Systemhaus english

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Adhoc-Announcement according to § 15 WpHG CENIT presents a rise by 115 per cent in sales revenue for the first quarter of 2001. A rise by 32 per cent in number of orders. CENIT Group developments in the course of the first quarter were in line with our expectations. Conclusive comparisons with the previous year are rendered difficult since the corporation today, in the wake of internationalization efforts carried out in the year 2000, is an entirely different entity. Sales revenue for the CENIT Group showed a rise by 115 per cent to EUR 30.98 million (2000: EUR 14.41 million). In Germany, the CENIT AG Systemhaus realized a sales revenue of EUR 22.72 million and, when compared to the previous year, that represents a rise of 57 per cent. The CENIT Groups gross profits also rose by 76 per cent to EUR 17.79 million (previous year: EUR 10.10 million). Operating earnings (EBIT) for the CENIT Group declined with a shortfall of EUR 1.73 million (Euro -792,000 last year). EBITDA amounted to minus EUR 378,000 (previous year: EUR 304,000). Earnings per Share (EPS) amounted to minus EUR 0.48 (previous year: minus EUR 0.12). This shows that the traditionally cyclical nature of business at CENIT has not changed with the addition of the foreign subsidiaries. The reasons for the burdens on profits include outlays for the integration of the subsidiaries and ongoing weak business activity in the UK and Switzerland. The staff increased to 877 employees worldwide (as against 470 emloyees on March 31, 2001). With orders valued at EUR 23,57 million, it was possible to ring up an increase of 32 per cent, in comparison with the same period last year. In the first quarter of the year 2001, contracts, to the value of several EUR million, were signed with renowned companies such as the EADS Airbus Group, Credit Suisse, Renault, Eurocopter or the Jungheinrich AG. For further information, contact: CENIT AG Systemhaus, Fabian Rau, Investor Relations/Public Relations Schulze-Delitzsch-Str. 50 D-70565 Stuttgart Tel.(+49) 7 11 / 7 80 73-388 Fax (+49) 7 11 / 7 80 73-688 E-Mail aktie@cenit.de , www.cenit.de end of ad hoc announcement (c) DGAP 03.05.2001 ——————————————————————————– WKN: 540710; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 032101 Mai 01