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Industry Summary Articles

Wednesday, May 14, 2014

First Quarter 2014: CENIT Increases EBIT by 21.5%

In the first three months of 2014, CENIT Group achieved a significantly higher EBIT and a decline in sales compared to the same period last year. The PLM segment achieved a slight increase in sales, while the EIM segment has experienced a temporary drop in sales by around 25% compared to the previous year due to ongoing restructuring measures.   CENIT AG is pleased to note the continuous rise in sales of proprietary software, which increased by around 5%.

During the first 3 months, CENIT Group generated sales revenues of EUR k 29,793 (prior year: EUR k 31,816/-6.4%). Sales revenues in CENIT’s Consulting and Services segment declined by -7.3% to EUR k 13,799 (prior year: EUR k 14,884). Sales of third-party software also declined by -8.4% to EUR k 12,479 (prior year: EUR k 13,625). Sales proceeds from CENIT’s proprietary software grew from EUR k 3,224 to EUR k 3,392 (5.2%), owing primarily to successful end-customer sales of the software products FASTSUITE and cenitCONNECT in the PLM field and IBM FileNet System Monitor and ECLISO in the EIM field.

The gross yield (operating output less cost of materials) amounted to EUR k 18,781 (prior year: EUR k 19,238), representing decline of -2.4%. CENIT achieved EBITDA of EUR k 2,767 (prior year: EUR k 2,374/16.6%) and EBIT of EUR k 2,171 (prior year: EUR k 1,786/21.5%). Results per share were EUR 0.19 (prior year: EUR 0.15).

To view an unabridged version of this press release, visit: http://www.cenit.com/en_EN/news/display/news-detail/article/first-quarter-2014-cenit-increases-ebit-by-215.html

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