CENIT AG has closed out a successful 2014 business year. Despite a difficult global business climate, the software and consulting provider achieved an on-year increase in both sales and EBIT. Based on the Annual Report of CENIT Aktiengesellschaft, Stuttgart, the Managing and Supervisory Boards will propose to the Annual Meeting of Shareholders on May 13, 2015 that a dividend of EUR 0.90 be paid per share.
During the 2014 business year, CENIT Group achieved sales revenue of EUR 123,394 k (2013: EUR 118,921 k/3.8%). Revenue in the CENIT Consulting and Services field totaled EUR 53,943 k, representing a slight contraction of 3.0% (2013: EUR 55,631 k). Sales saw an increase in the field of third-party software, with a gain of 11.9% to EUR 56,251 k (2013: EUR 50,248 k). Sales of CENIT’s proprietary software remained virtually unchanged at EUR 12,728 k against EUR 12,791 k in 2013 (-0.5%).
In 2014, gross profits (operative performance less cost of materials) amounted to EUR 75,200 k (2013: EUR 73,242 k), representing a growth of 2.7%. CENIT achieved EBITDA in the amount of EUR 11,662 k (2013: EUR 10,635 k/9.7%) and EBIT of EUR 9,328 k (2013: EUR 8,331 k/12.0%). Earnings per share were EUR 0.76 (2013: EUR 0.70/8.6%).
