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ER - In the first nine months, CENIT recorded a significant year-on-year increase in consolidated sales of around 13.6% to EUR 151,433 k

Company: CENIT AG Date: 2024-11-05 Language: English Register to download
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 News Details

Corporate | 5 November 2024 07:57

#   

In the first nine months, CENIT recorded a significant year-on-year increase in consolidated sales of around 13.6% to EUR 151,433 k

EQS-News: CENIT AG / Key word(s): 9 Month figures/Quarter Results  

In the first nine months, CENIT recorded a significant year-on-year increase in consolidated sales of around 13.6% to EUR 151,433 k  

05.11.2024 / 07:57 CET/CEST  

The issuer is solely responsible for the content of this announcement.  

**Stuttgart, November 5th, 2024** – In the third quarter of 2024 CENIT continues its strong performance seen in the first half-year of 2024 and remains on its growth path. After nine months, CENIT Group has generated sales revenues of EUR 151,433 k (previous year: EUR 133,305 k/+13.6%). Sales of third-party software increased by 12.0% to EUR 75,700 k (previous year: EUR 67,607 k). Sales of CENIT’s own software increased significantly from EUR 11,605 k to EUR 13,633 k (+17.5%). Sales revenues in the CENIT consulting and services segment increased by 15.3% to EUR 61,983 k (previous year: EUR 53,757 k).

Gross profit (operating performance less cost of materials) amounted to EUR 88,838 k (previous year: EUR 78,970 k) and thus increased by 12.5%. CENIT achieved EBITDA of EUR 10,413 k (previous year: EUR 9,471 k/+9.9%) and EBIT of EUR 3,966 k (previous year: EUR 4,599 k/-13.8%). The adjusted EBITDA totaled EUR 11.11 million (previous year: EUR 8.82 million/+26.0%) and the adjusted EBIT was EUR 4.67 million (previous year: EUR 3.95 million/+18.2%). Earnings per share amounted to Cent 11.1 (previous year: Cent 28.6).

**Asset and Financial Situation**  

As of the balance sheet date, equity amounted to EUR 49,770 k (Dec. 31, 2023: EUR 45,003 k). The equity ratio amounted to 32.4% (Dec. 31, 2023: 29.3%). Bank balances, cash and cash equivalents amounted to EUR 12,180 k as of the balance sheet date (Dec. 31, 2023: EUR 24,341 k). Operating cash flow totaled EUR 9,905 k (previous year: EUR 8,500 k), mainly due to the change in working capital.

**Employees**  

As of September 30, 2024, the number of employees in the Group was 1,002 (Dec. 31, 2023: 893). Personnel expenses amounted to EUR 64,252 k in the CENIT Group in the reporting period (previous year: EUR 58,198 k).

**Outlook**  

For the current year, our changed outlook for the CENIT Group is to reach a revenue of around EUR 205,000 – 210,000 k and earnings (EBIT) of around EUR 8,000 – 8,500 k. The company has launched an inside information for the adjustment of the guidance on October 31, 2024.

Please visit CENIT’s homepage for the entire quarterly report as of 30.09.2024:  

https://www.cenit.com/en\_EN/investor-relations/financial-reports

  

**AboutCENIT:**  

CENIT is your partner for successful digital transformation. With a broad solutions and services portfolio, CENIT enables clients to optimize their horizontal and vertical business processes. Our solutions are based on innovative technologies in: product lifecycle management, the digital factory and enterprise information management. With interdisciplinary knowledge of the processes involved and their considerable expertise in the field, CENIT consultants provide customers with end-to-end advice to ensure that solutions are implemented with an understanding of the entire value chain. With a holistic approach and based on trusted partnerships, CENIT takes responsibility for solutions on behalf of our clients. From the initial consultation to the introduction of innovative IT solutions, right through to ensuring a cost-effective operation. The CENIT team adapts to each client, taking a practical approach, which enables measurable, operational optimizations. CENIT has been helping prestigious customers in key industries to gain competitive advantages for more than 30 years! CENIT has around 750 employees worldwide who work with customers from: automotive, aerospace, industrial equipment, tool and mold manufacturing, financial services, and trade and consumer products industries.

**Please send queries to:**

CENIT AG  

Investor Relations  

Tanja Marinovic  

Industriestrasse 52-54  

D-70565 Stuttgart  

Tel.:+497117825-3320  

Fax:+49711782544-4320  

Email: aktie@cenit.de

**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 respective 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 or 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.

  

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05.11.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.  

The issuer is solely responsible for the content of this announcement.  

  

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.  

Archive at www.eqs-news.com  

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|     |     |
| --- | --- |
| Language: | English |
| Company: | CENIT AG |
|     | Industriestraße 52 – 54 |
|     | 70565 Stuttgart |
|     | Germany |
| Phone: | +49 (0)711 78 25 – 30 |
| Fax: | +49 (0)711 78 25 – 4000 |
| E-mail: | aktie@cenit.de |
| Internet: | www.cenit.com |
| ISIN: | DE0005407100 |
| WKN: | 540710 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2022243 |

  

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| --- | --- |
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| End of News | EQS News Service |

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