Industry Summary Articles

During the first three months, CENIT group generated sales revenues of EUR k 41,238 (prior year: EUR k 40,934/0.7%). Sales revenues in CENITs consulting and services segment increased by 0.7% to EUR k 12,639 (prior year: EUR k 12,553). Sales of third-party software increased by approx. 1.8% to EUR k 25,136 (prior year: EUR k 24,694). Sales proceeds from CENIT's proprietary software decreased from EUR k 3,616 to EUR k 3,401 (-5.9%).

The gross profit (operating output less cost of materials) amounted to EUR k 20,814 (prior year: EUR k 21,509), representing a decrease of -3.2%. CENIT achieved EBITDA of EUR k 2,306 (prior year: EUR k 2,153/7.1%) and EBIT of EUR k 844 (prior year: EUR k 1,428/-40.9%). Results per share were EUR 0.07 (prior year: EUR 0.12).

Orders Development
During the first three months, the group-wide order intake totaled EUR k 48,940 (prior year: EUR k 53,505). On 31st March 2019 orders in hand amounted to EUR k 61,099 (prior year: EUR k 58,048).

Asset and Financial Situation
On the balance-sheet date, equity capital totaled EUR k 39,411 (31 Dec. 2018: EUR k 39,102), accounting for an equity ratio of 38.7% (31 Dec. 2018: 49.4%). On the balance-sheet date, bank deposits and liquid assets totaled EUR k 27,268 (31 Dec. 2018: EUR k 18,041). The operative cash flow was EUR k 9,989 (prior year: EUR k 13,929).

Employees
On 31st March 2019, CENIT group employed 747 staff (prior year: 758). Group-wide personnel costs for the reporting period were EUR k 15,487 (prior year: EUR k 15,209).

Outlook
For the current year, the CENIT Group expects sales of around EUR 170 million at the previous year's level and earnings (EBIT) of around EUR 10 million.

Please visit CENIT's homepage for the full 3 Months Report 2019: www.cenit.com/reports.<

To view the original press release, please click here.

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