Industry Summary Articles

In the first nine months, CENIT AG increased its sales by around 21 percent. The company recorded significant growth in sales of third-party software (+43.1%), whereas sales of its own software declined (-8.3%).

In the reporting period, CENIT group generated revenues of EUR k 123,306 (prior year: EUR k 102,219/20.6%). Revenues from CENITs consulting and services segment decreased by -2.4% to EUR k 36,852 (prior year: EUR k 37,746). Sales of third-party software rose significantly by 43.1% to EUR k 75,620 (prior year: EUR k 52,853). Sales from CENIT’s proprietary software decreased from EUR k 11,409 to EUR k 10,461 (-8.3%).

The gross result (operating output less cost of materials) amounted to EUR k 63,655 (prior year: EUR k 57,360), representing an increase of 11.0%. CENIT achieved an EBITDA of EUR k 6,927 (prior year: EUR k 8,634/-19.8%) and an EBIT of EUR k 4,731 (prior year: EUR k 6,926/-31.7%). The result per share was EUR 0.41 (prior year: EUR 0.56).

Orders Development
During the first nine months, the group-wide order intake totaled EUR k 125,130 (prior year: EUR k 98,708). On 30 September 2018, order backlog amounted to EUR k 47,285 (prior year: EUR k 58,152).

Assets and Liabilities
CENIT’s bank borrowings amount to EUR k 3 (31 Dec. 2017: EUR k 3,152) and are entirely of short-term nature. On 30 September 2018 equity totaled EUR k 35,862 (31 Dec. 2017: EUR k 40,855), accounting for an equity ratio of 47.2% (31 Dec. 2017: 46.8%). Cash and cash equivalents (bank deposits and liquid assets) totaled EUR k 18,278 (31 Dec. 2017: EUR k 23,692). The operative cash flow was EUR k 9,565 (prior year: EUR k 6,501).

Employees
On 30 September 2018, CENIT group employed 739 staff (prior year: 746). Group-wide personnel costs for the reporting period were EUR k 43,825 (prior year: EUR k 37,720).

Outlook
For the current year, CENIT expects total sales in the range of EUR 175 to 180 million. Based on the course of the business year to date, CENIT expects an operative result (EBIT) of around EUR 10 million.

Please visit CENIT’s homepage for the full 9 Months Report 2018: www.cenit.com/reports.

To view the original press release, please click here.

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