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ER - CENIT group achieves a sales increase of about 12% to EUR 207.3 million in the business year 2024 compared to previous year

Company: CENIT AG Date: 2025-04-10 Language: English Register to download
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 News Details 

Corporate | 10 April 2025 07:57

#   

CENIT group achieves a sales increase of about 12% to EUR 207.3 million in the business year 2024 compared to previous year

CENIT AG / Key word(s): Annual Results/Annual Report  

CENIT group achieves a sales increase of about 12% to EUR 207.3 million in the business year 2024 compared to previous year  

  

10.04.2025 / 07:57 CET/CEST  

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

  

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**Stuttgart, April 10, 2025 –** Despite challenging economic conditions, CENIT AG recorded solid growth in 2024. Group sales increased by 12.2% year-on-year to EUR 207.3 million, exceeding the original forecast. Organic growth also developed positively: excluding the most recent acquisitions – CCE and Analysis Prime – sales increased by 5.2%. The software licenses segment recorded a strong increase of EUR 12.4 million to EUR 121.9 million, while revenue from service sales increased by 14.7%. The acquisitions made in 2024 not only strengthen the market position in the DACH region but also form an important basis for further growth in North America.

**Results in detail**  

CENIT group generated sales revenue of EUR k 207,333 in the 2024 fiscal year (prior year: EUR k 184,720/+12.2%). Sales of CENIT’s proprietary software increased by 14.8% to EUR k 19,271 compared to EUR k 16,788 in the prior year. Sales revenues in the CENIT consulting and services area amounted to EUR k 85,337, an increase of 14.7% (prior year: EUR k 74,380). Sales of third-party software rose by 10.7% to EUR k 102,592 (prior year: EUR k 92,697).

The gross profit (operating output less cost of materials) amounted to EUR k 124,546 (2023: EUR k 110,606), representing an increase of 12.6%.

CENIT achieved EBITDA in amount of EUR k 17,263 (2023: EUR k 16,408/+5.2%) and EBITA of EUR k 11,345 TEUR (prior year: EUR k. 11,204 TEUR/+1.3%). EBIT amounted to EUR k 7,381 (2023: EUR k 9,218/-19.9%). The negative financial result in the amount of EUR 8,074 k (previous year: EUR 2,413 k) is impacted in the amount of EUR 3,732 k by the derecognition of the investment in ASCon Systems Holding GmbH, as the company filed for insolvency on March 24, 2025. Earnings per share amounted to EUR -0.23 (2023: EUR 0.54).

**Orders Development**  

During the 2024 business year, orders received by CENIT Group totaled EUR k 230,931 (2023: EUR k 196,804). The order backlog as of December 31, 2024 amounted to EUR k 81,089 (2023: EUR k 57,491).

**Asset and Financial Situation**  

On the balance-sheet date, the company’s equity amounted to EUR k 47,437 (31.12.2023: EUR k 45,003), representing an equity ratio of 30.3% (2023: 29.3%). On the balance-sheet date, bank deposits and liquid assets totaled EUR k 16,457 (2023: EUR k 24,341). The operative cash flow amounted to EUR k 10,335 (2023: EUR k 5,331). Furthermore, cash and cash equivalents in the 2024 financial year were mainly influenced by an increase in bank loans of EUR k 3,676 as part of the refinancing and by acquisitions amounting to EUR k 14,792

**Employees**  

As of December 31, 2024, the number of employees in the group was 984 (2023: 893). Personnel expenses in the CENIT group amounted to EUR k 88,045 in the reporting period (prior year: EUR 78,588 k). CENIT is currently training 57 young people in various professions. The trainees include students of the Baden-Württemberg Cooperative State University (DHBW) in the fields of information technology and economics as well as trainees in the field of information technology.

**Dividend**  

At the Annual General Meeting on June 4th, 2025, the Management and Supervisory Boards will propose to distribute no dividend from CENIT AG’s unappropriated profit due to the current economic situation.

**Outlook**  

2025 will be another challenging year for the CENIT Group. The focus will primarily be on improving operational competitiveness. Measures for this were already initiated in Q1 as planned within the agreed budget and have already been mainly implemented. Excluding possible acquisition effects, consolidated sales are expected to be between 229.0 – 234.0 million EUR with EBIT of 6.8 – 7.3 million EUR. EBITA (EBIT before PPA amortization) is expected to be around 12.4 mEUR in 2025. This takes into account the current difficult economic conditions.

In view of the geopolitical situation, the planning presented is based on the assumption that the ongoing war between Russia and Ukraine, the conflict in the Middle East and the current tense economic situation in Germany will not have any significant negative economic impact on our industry and our main customer segments.

The complete 2024 Annual Report is available in a German and English version on the CENIT homepage: www.cenit.com/reports.

**About CENIT:**  

ENIT 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 30 years! CENIT has around 800 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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10.04.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group.  

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: | 2114328 |

  

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

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2114328  10.04.2025 CET/CEST

![](https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=2114328&application_name=news&site_id=airport_aws~~~7cc68db1-74de-43c8-af69-2ae0a97efdc3)