The CENIT Group continues to make progress on its successful transformation path. In the first quarter of 2026, this became particularly evident through a noticeable improvement in operating profitability. During this period, CENIT achieved EBITDA of EUR k 5,033 (previous year: EUR k -2,439/+>100%). The prior-year figures include one-off effects related to the successfully completed restructuring. The significantly improved EBITDA margin, now at 9.6% (of revenue), is primarily the result of a substantially improved cost structure.
In detail: After three months, the CENIT Group generated revenues of EUR k 52,472 (previous year: EUR k 51,508/ +1.9%). Revenues from third-party software declined by 1.4% to EUR k 24,580 (previous year: EUR k 24,917). Revenue from CENIT’s proprietary software increased slightly from EUR k 4,409 to EUR k 4,615 (+4.7%). Revenue in the CENIT Consulting and Services segment rose by 4.5% to EUR k 23,149 (previous year: EUR k 22,147).
Gross profit (total output less cost of materials) amounted to EUR k 31,688 (previous year: EUR k 30,959), representing an increase of 2.4%. CENIT achieved EBITDA of EUR k 5,033 (previous year: EUR k -2,439/+>100%) and EBIT of EUR k 2,968 (previous year: EUR k -5,435/+>100%).
Financial position and net assets
As of the balance sheet date, equity amounted to EUR k 45,476 (December 31, 2025: EUR k 42,692). The equity ratio stood at 28.8% (December 31, 2025: 30.0%). Cash and cash equivalents totaled EUR k 28,640 (December 31, 2025: EUR k 16,223). This results in net bank debt of only EUR k 4,770 (previous year: EUR k 13,770). Operating cash flow reached EUR k 13,757 (previous year: EUR k 11,660), primarily driven by the improvement in quarterly earnings.
Employees
As of March 31, 2026, the Group employed 901 people (December 31, 2025: 903). Personnel expenses in the reporting period amounted to EUR K 22,689 in the CENIT Group (previous year: EUR k 28,737).
Outlook
The Management Board and management team are very optimistic about the upcoming quarters. Based on current business development, the Management Board confirms the published forecast for the current financial year. Considering overall economic and sector-specific developments, Group revenue of at least EUR 210.0 million is still expected. EBITDA for 2026 is forecast at a minimum of EUR 18.0 million, corresponding to an EBITDA margin of 8.57%.
