Earnings Release • Apr 7, 2014
Earnings Release
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Corporate | 7 April 2014 07:45
CENIT mit stabilem Umsatz und einer EBIT-Steigerung um rund 4% gegenüber Vorjahr
CENIT AG / Key word(s): Final Results
07.04.2014 / 07:45
CENIT with stable revenue and an EBIT increase of about 4% compared to previous year
Stuttgart, 07 April 2014 – CENIT AG concluded the fiscal year 2013 successfully. In a challenging economic environment, the established software and consulting company increased its earnings in EBIT compared to the previous year. Based on the financial statement for CENIT Aktiengesellschaft, Stuttgart, the Management and Supervisory Board will propose at the shareholders’ meeting on 16 th May 2014 that a dividend of EUR 0.35 per share be paid.
In the fiscal year 2013, the CENIT Group achieved revenues of EUR 118,921 k (PY:EUR 118,854 k/0.1%). Revenue in CENIT’s consulting and services division totaled 55,631 and declined slightly by -1,9% (PY: EUR 56,697 k). Sales of third party software thereby increased by 2.1% to EUR 50,248 k (PY: EUR 49,194 k). Sales of CENIT’s proprietary software increased from EUR 12,311 k to EUR 12,791 k (3.9%). In particular, the software products FASTSUITE and cenitCONNECT in PLM and IBM FileNet System Monitor and ECLISO in the EIM area were successfully sold to end customers.
Gross profits (operating revenue less cost of materials) totaled EUR 73,242 k in 2013 (PY: EUR 73,579 k), and declined slightly by 0.5%. CENIT achieved an EBITDA of EUR 10,635 k (PY: EUR 11,044 k/-3.7%) and an EBIT of EUR 8,331 k (PY: EUR 8,017 k/3.9%). Earnings per share were EUR 0.70 (PY: EUR 0.65/7.7%).
Orders Received
The incoming orders within the Group amounted in the past financial year 2013 EUR 111,824 k (PY: EUR 116,510 k). The order backlog as of 31 st December 2013 amounted to EUR 36,868 k (PY: EUR 43,593 k).
Assets and Financial Situation
There are no liabilities with banks – neither of a short-term nor a long-term nature. As of the balance sheet date, the shareholders’ equity was EUR 35,930 k (PY: EUR 34,648 k). The equity ratio is 59.5% (PY: 58.7%). The balance of cash and cash equivalents as of the balance sheet date amounts to EUR 26,632 k (PY: EUR 23,779 k). Operative cash flow reached EUR 8,854 k (PY: EUR 10,444 k). In 2013, the cash flow was affected by the payment of the dividend to shareholders totaling EUR 4,602 k and by investments amounting to EUR 1,219 k.
Employees
On 31 st December 2013, the number of employees within the Group was 671 (PY: 675). Personnel expenses in the reporting period amounted to EUR 47,728 k in the CENIT Group (PY: EUR 47,456 k). CENIT is currently training 50 young people in various apprenticeships and occupations. Some of the trainees are students of computer science and economics at the Dual University Baden-Württemberg (DHBW), as well as trainees in the field of information technology.
Outlook
CENIT has a solid basis with an equity ratio well in excess of 50%. This allows CENIT to be a strong and reliable partner to its customers.
For the current business year, CENIT Group expects a revenue and earnings growth of 5%, which will be contributed to by both business divisions.
The complete Annual Report 2013 is available in German and English versions on the CENIT homepage: www.cenit.com/reports
About CENIT:
The company has been operative since 1988 as a specialist in Product Lifecycle Management, Enterprise Information Management solutions, Business Optimization Analytics and Application Management Services. CENIT is listed in the Prime Standard of the German stock market (Deutsche Börse) and currently employs around 700 people. CENIT works for clients such as Allianz, W & W, Daimler, EADS Airbus, Schwäbisch Hall Credit Services, BWB or Kuka. A large part of customers comes from the small and medium-sized companies, in particular from the automotive and engineering industries, such as Jungheinrich, Flow, Viessmann or Georg Fischer.
Queries to:
CENIT AG
Investor Relations
Industriestrasse 52-54, 70565 Stuttgart
Germany
Tel: +497117825-3320
Fax: +49711782544-4320
Email: [email protected]
Additional notes:
This release may contain forward-looking statements about the business, financial condition and results of operations and earnings forecasts for CENIT. Words or statements such as “the company may”, or “the company will”, “expects”, “anticipates”, “contemplates”, “intends”, “plans”, “believes”, “continues” and “estimates”, as well as similar terms and statements, identify these forward-looking statements. These statements are not guarantees that these forecasts shall be achieved. Rather, these statements involve risks, uncertainties and assumptions that are difficult to predict and are based upon assumptions as to future events that may prove to be inaccurate. For this reason, actual results may vary considerably from that which is expressed herein. In a forward-looking statement, in which CENIT expresses an expectation or belief as to future results, these expectations or assumptions are made in good faith, and it is assumed that these are based on a reasonable foundation; there is no guarantee, however, that the statement, expectation or belief will result or be achieved or accomplished. Actual operating results may differ materially from these forward-looking statements and are subject to certain risks. We refer to the entire Annual Report of CENIT AG in this respect.
End of Corporate News
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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.com |
| ISIN: | DE0005407100 |
| WKN: | 540710 |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart |
| End of News | DGAP News-Service |
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| 261837 07.04.2014 |
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