Earnings Release • Nov 10, 2011
Earnings Release
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Corporate | 10 November 2011 10:34
CENIT posts positive Q3 results on increased software sales
CENIT AG / Key word(s): Quarter Results
10.11.2011 / 10:34
Results growth across all enterprise segments – improved capacity utilization in service and consulting
Stuttgart, 10 November 2011 – The trend set during the first half of the year has continued during the 3rd Quarter. During the first 9 months of 2011, CENIT AG attained a distinct on-year increase in results. Growth was achieved in both the product lifecycle management (PLM) and the enterprise information management (EIM) segments. Sales of both CENIT's proprietary software and third-party software were up significantly against the previous year. Higher levels of capacity utilization in the service and consulting fields also contributed to higher proceeds. On the basis of these positive developments, the enterprise has again raised its projections for the current business year.
During the first 9 months of the year, CENIT Group achieved sales revenue of 77.94 m EUR (as at 09/2010: 64.82 m EUR/20%), posting EBITDA of 5.85 m EUR (as at 09/2010: 2.96 m EUR/98%) and EBIT of 4.28 m EUR (as at 09/2010: 1.72 m EUR/149%). Earnings per share amounted to 0.36 EUR (as at 09/2010: 0.15 EUR/140%).
Breakdown of Earnings
During the first 9 months, CENIT's PLM segment achieved sales revenue of 55.95 m EUR (as at 09/2010: 46.53 m EUR/20%). The EIM segment attained sales of 21.99 m EUR against 18.29 m EUR posted for the same period of the previous year (20%). Sales of non-proprietary totaled 29.40 m EUR (as at 09/2010: 20.96 m EUR/40%). Sales of CENIT's proprietary software grew from 5.86 m EUR to 8.83 m EUR (51%). Turnover from service and consulting amounted to 39.51 m EUR (as at 09/2010: 37.40 m EUR/6%). Other revenue totaled 0.20 m EUR (as at 09/2010: 0.6 Mio. EUR/-67%).
Orders Development
Group-wide, incoming orders during the first 9 months totaled 80.6 m EUR (as per 09/2010: 70.2 m EUR/15% ). Orders in hand on 30 September 2011 amounted to 33.5 m EUR (as at 09/2010: 27.8 m EUR/20%).
Asset and Financial Situation
The asset and financial situation remains solid. On the balance-sheet date 30 September 2011, equity capital totaled approx. 30.89 m EUR (31 Dec. 2010: 29.04 m EUR), accounting for an equity ratio of 53% (31 Dec. 2010: 58%). On the balance-sheet date, 30 September 2011, bank deposits and securities totaled 21.93 m EUR (31 Dec. 2010: 13.31 m EUR). The enterprise remains debt-free.
Staff
On 30 September 2011, CENIT employed 664 staff group-wide (30 Sept. 2010: 649 *amended reporting)
Holdings/Foreign Subsidiaries
CENIT (SWITZERLAND) AG, Effretikon/Switzerland
During the 2nd Quarter of 2011, CENIT (Switzerland) AG merged with Transcat PLM AG (Switzerland). Over the first 3 Quarters, the subsidiary achieved sales revenue of 7.30 m EUR (as at 09/2010: 2.11 m EUR), posting EBIT of 0.70 m EUR (as at 09/2010: 0.12 m EUR).
CENIT NORTH AMERICA Inc., Auburn Hills/USA
Posting a sales total of 6.99 m EUR during the first 9 months (as at 09/2010: 3.83 m EUR), CENIT North America Inc. attained EBIT of 1.11 m EUR (as at 09/2010: -0.11 m EUR). The high rate of growth is due to a major one-off project.
CENIT SRL, Iasi/Romania
CENIT SRL attained sales of 0.63 m EUR (as at 09/2010: 0.34 m EUR) and EBIT of 0.01 m EUR (as at 09/2010: -0.01 m EUR).
CENIT France SARL, Toulouse/France
During the first 3 Quarters, CENIT France SARL achieved total sales of 0.50 m EUR (as at 09/2010: 0.42 m EUR), accounting for EBIT of 0.05 m EUR (as at 09/2010: 0.04 m EUR).
CENIT Japan K.K., Tokyo/Japan
CENIT has been represented by a subsidiary in Japan since July of 2011. A current staff of three is focusing on Japanese clients in the PLM sphere. With sales of 0.02 m EUR, CENIT Japan K.K. posted EBIT of -0.08 m EUR.
Outlook
The enterprise currently expects positive results for the 4th Quarter as well. For the 2011 business year, CENIT AG projects a sales growth of approx. 10% against 2010, and on-year EBIT growth of approx. 40%.
To view the full 3rd Quarter Report, please go to www.cenit.de/quartalsbericht .
About CENIT :
The enterprise has been active as a specialist for Product Lifecycle Management, Enterprise Information Management solutions and Application Management Services since 1988. CENIT is listed on the Prime Standard of Deutsche Börse and currently employs about 700 staff. CENIT serves customers such as Allianz, W&W, Daimler, EADS Airbus, VR kreditwerk, BWB and Kuka. Many customers are mid-size enterprises, particularly from the periphery of the automotive industry and mechanical engineering, such as Jungheinrich, Flow, Viessmann or Georg Fischer. http://www.cenit.de
Please send queries to:
CENIT AG
Investor Relations
Industriestrasse 52-54
D-70565 Stuttgart
Tel.:+497117825-3320
Fax:+49711782544-4320
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 suppositiuons 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.
End of Corporate News
10.11.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG.
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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: | [email protected] |
| Internet: | www.cenit.de |
| ISIN: | DE0005407100 |
| WKN: | 540710 |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard), Stuttgart; Freiverkehr in Berlin, Düsseldorf, Hamburg, München |
| End of News | DGAP News-Service |
| - - - |
| 145657 10.11.2011 |
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