CIMdata PLM Industry Summary Online Archive
10 May 2010
Financial News
CENIT Posts Highly Stable 1st Quarter
CENIT has posted a very stable start to the 2010 business year, matching 2009 levels as projected. Early in the year, we were already able to halt the negative trend that our US business had shown in 2009. Assuming that the financial markets will see sustained recovery and that the economic crisis will have no further long-term consequences, we expect positive business developments for the medium term. Our strategy aims to increase proceeds from software and software-related sales and to stabilize our business in the fields of service and consulting. The service segment continues to suffer from short-time work in the auto industry.
During the 1st Quarter 2010, CENIT Group achieved total sales revenues of 20.7 m EUR (2009: 21.8 m EUR/-5%). Sales of non-CENIT software totaled 6.04 m EUR (2009: 5.35 m EUR/+13%). Sales of proprietary software contracted from 1.81 m EUR to 1.75 m EUR (-3%). Turnover from services and consulting reached 12.52 m EUR (2009: 14.45 m EUR/-13%). Other revenue amounted to 0.41 m EUR (2009: 0.19 m EUR /+116%). The gross profit was 14.4 m EUR (2009: 15.8 m EUR/-9%). CENIT achieved EBITDA of 0.99 m EUR (2009: 1.0 m EUR) and EBIT of 0.64 m EUR (2009: 0.64 m EUR). The result per share was 0.06 EUR (2009: 0.06 EUR).
Development of Orders
During the past Quarter, incoming orders totaled 26.8 m EUR Group-wide (2009: 26.3 m EUR). On 31 March 2010, orders in hand totaled 27.1 m EUR (2009: 30 m EUR).
Asset and Financial Situation
CENIT has neither short- nor long-term obligations towards credit institutions. On the balance-sheet date, the Group’s net worth was 28.71 m EUR (31 Dec 2009: 28.1 m EUR), with an equity ratio of 60% (31 Dec 2009: 64%). On the balance-sheet date, bank deposits and securities totaled 20.8 m EUR (31 Dec 2009: 19.5 m EUR).
Staff
On 31 March 2010, CENIT employed 669 staff Group-wide (31 Mar 2009: 710).
Participations/Foreign Holdings
CENIT (Switzerland) AG, Frauenfeld/Switzerland
During the past Quarter, CENIT (Switzerland) AG posted sales revenues of 0.7 m EUR (2009: 1.2 m EUR), at EBIT of 0.04 m EUR (2009: 0.6 m EUR).
CENIT NORTH AMERICA Inc., Auburn Hills/USA
CENIT North America Inc. achieved sales of 1.4 m EUR (2009: 1.6 m EUR), accounting for EBIT of 0.07 m EUR (2009: -0.07 m EUR).
CENIT SRL, Iasi/Romania
CENIT SRL recorded sales of 0.1 m EUR (2009: 0.16 m EUR), achieving EBIT of -0.04 EUR (2009: 0.08 m EUR).
CENIT France SARL, Toulouse/France
Posting a sales total of 0.1 m EUR (2009: 0.1 m EUR), CENIT France SARL attained EBIT of 0 m EUR (2009: 0.01 m EUR).
Outlook
For the 2010 business year, we project positive developments on the basis of the results attained in 2009, and continue to adhere to the statements made in the Annual Report.
You can find the complete 3-Months Report on our webpage http://www.cenit.de/quartalsbericht.
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