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Industry Summary Articles

Tuesday, August 12, 2014

CENIT Remains on Track – Sales in Line with Expectations, EBIT was Exceeded in Q2

In the first six months of 2014, CENIT AG generated consistent sales compared to the same period last year. The PLM segment grew by around 3%, while the EIM segment faces a further decline due to the ongoing restructuring measures. EBIT however increased significantly by 17% to EUR k 4,264. Sales of third-party software developed positively as well and could be increased by about 2%.

During the first six months, CENIT group generated sales revenues of EUR k 59,700 (prior year: EUR k 60,389/-1.1%). Sales revenues in CENITs consulting and services segment decreased by -3.6% to EUR k 26,932 (prior year: EUR k 27,937). Sales of third-party software increased by approx. 2.2% to EUR k 26,361 (prior year: EUR k 25,793). Sales proceeds from CENIT’s proprietary software declined from EUR k 6,540 to EUR k 6,141 (-6.1%).

The gross yield (operating output less cost of materials) amounted to EUR k 36,960 (prior year: EUR k 36,590), representing growth of 1.0%. CENIT achieved EBITDA of EUR k 5,481 (prior year: EUR k 4,800/14.2%) and EBIT of EUR k 4,264 (prior year: EUR k 3,645/17.0%). Results per share were EUR 0.36 (prior year: EUR 0.31).

To view an unabridged version of this press release, visit: http://www.cenit.com/en_EN/news/display/news-detail/article/cenit-remains-on-track-sales-in-line-with-expectations-ebit-was-exceeded-in-q2.html

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