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CENIT AG — Earnings Release 2009
Aug 5, 2009
76_rns_2009-08-05_270bc6b4-266c-4455-a217-c542d1f5533c.html
Earnings Release
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News Details
Ad-hoc | 5 August 2009 17:35
CENIT AG Systemhaus:CENIT 6 months result sees 26 percent growth in sales
CENIT AG Systemhaus / Half Year Results/Half Year Results
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
CENIT 6 months result sees 26 percent growth in sales
Stuttgart, 5 August 2009 - The 2nd Quarter 2009 was strongly influenced by
short-time work at the plants of our auto industry customers. Particularly
our services sector suffered from this development and had to work below
capacity for the first time. Simultaneously, the result was adversely
affected by the US business of CENIT's subsidiary in Michigan. But we
continue to strive against the negative general economic trend. The
services business dominates sales distribution within the Group, because
software sales have been especially hard hit by the general reluctance to
invest. However, we are registering a slight reversal of this trend. The
full consolidation of CAD scheffler GmbH into CENIT AG is another important
development.
Overview of 6 Months Figures
Group-wide sales increased significantly to 43.1 m EUR (06/2008: 34.3 m
EUR/+26%) at the end of the 2nd Quarter. The gross surplus grew to 29.7 m
EUR (06/2008: 28.3 m EUR/+5%). EBITDA attained 1.5 m EUR (06/2008: 1.4 m
EUR/+8%). EBIT during the reporting period amounted to 0.8 m EUR (06/2008:
0.9 m EUR/-5%). The pre-tax result (EBT) was 1.0 m EUR (06/2008: 1.12 m
EUR/-12%). The consolidated result was 0.7 m EUR (06/2008: 1.0 m EUR/-24%).
Consolidated EPS (earnings per share) thus derive to 0.09 EUR per share
(06/2008: 0.12 EUR/-25%).
On 30 June 2009, equity capital totalled approx. 26.1 m EUR (31.12.2008:
25.4 m EUR), accounting for an equity ratio of 61% (31.12.2008: 64%). On
the balance-sheet date, bank deposits and securities incl. current assets
totalled 16.8 m EUR (31.12.2008: 13.2 m EUR). The enterprise remains
debt-free. The operative cash flow amounted to 1.3 m EUR (30.06.2008: 1.5m
EUR). On the balance-sheet date, the number of employees was 705 (06/2008:
687). Orders in hand amounted 24 m EUR (6/2008: 29.6 m EUR) and incoming
orders totalled 39.66 m EUR. (6/2008: 52.3 m EUR). It is not possible to
have a significant comparability to last years figures because the 2nd
quarter in 2008 was affected by a major order.
Breakdown of Earnings
Sales in the services sector grew by 21% to a current 27.8m EUR (06/2008:
23.0 m EUR), making services the strongest contributor to sales with a
share of 64%. Sales of CENIT software during the first 6 months of the
current business year totalled 4.0 m EUR (06/2008: 4.5 m EUR /-11%). Sales
of CENIT's proprietary software thus account for approx. 9% of total sales.
Thanks particularly to the VAR model, the non-CENIT software business grew
by 134% to 10.9 m EUR (06/2008: 4.7 m EUR), accounting for 25% of total
sales. Other revenues amounted 0.3 m EUR.
Holdings - Foreign Subsidiaries
CENIT (Switzerland) AG achieved sales of 1.9 EUR (06/2008: 1.9 m EUR),
accounting for EBIT of 0.6 m EUR (06/2008: 1.0m EUR).
With sales of 2.5 m EUR (06/2008: 2.7 m EUR), CENIT North America Inc.
attained negative EBIT of -0.4 m EUR (06/2008: 0.1m EUR).
With sales of 0.3 m EUR (06/2008: 0.4 m EUR), CENIT SRL achieved EBIT of
0.1 m EUR (06/2008: 0.2 m EUR ).
The CENIT company in Toulouse, France realized sales of 0.2 m EUR
(06/2008:0.1 m EUR) and EBIT of 0.03 m EUR (06/2008: 0.02 m EUR).
Outlook
CENIT AG intends to steadily adhere to its profitable business policy.
About CENIT:
Since 1988, the company has been active as a specialist for product
lifecycle management, enterprise content management solutions and
application management outsourcing. CENIT is listed on the Prime Standard
of Deutsche Börse and currently employs about 710 staff. Among others,
CENIT serves clients such as Allianz, BMW, Daimler, EADS Airbus, LBS, Axa
and VW, as well as numerous medium-sized businesses particularly from the
automotive industry and the mechanical engineering sector, e.g. Dürr,
Georg Fischer or Leoni. http://www.cenit.de
Please send queries to:
CENIT AG Systemhaus,
Fabian Rau
Industriestraße 52-54, D-70565 Stuttgart
Tel.:+497117825-3185
Fax:+49711782544-4185
Email: [email protected]
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 above 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, 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 Annual Report of
CENIT AG Systemhaus.
Contact:
Fabian Rau
Direktor Investor Relations
[email protected]
Telefon: 0711 - 78 25 3185
Fax: 0711 - 78 25 44 4185
05.08.2009 Financial News transmitted by DGAP
Language: English
Issuer: CENIT AG Systemhaus
Industriestraße 52 - 54
70565 Stuttgart
Deutschland
Phone: +49 (0)711 78 25 - 30
Fax: +49 (0)711 78 25 - 4000
E-mail: [email protected]
Internet: www.cenit.de
ISIN: DE0005407100
WKN: 540710
Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin, München, Düsseldorf, Hamburg
End of News DGAP News-Service