on CENIT AG (isin : DE0005407100)
CENIT AG Adjusts 2024 Financial Forecast Following Acquisitions
On 31 October 2024, CENIT AG announced an adjusted financial forecast for the 2024 fiscal year. The adjustment follows the inclusion of two newly acquired companies in CENIT AG's financial statements. The firm now expects consolidated sales to reach between EUR 205 million and EUR 210 million, reflecting a growth of over 10% compared to the previous year. EBITDA is projected to increase similarly, ranging from EUR 17.9 million to EUR 18.4 million.
However, the company faces challenges in the final quarter due to a decline in single license sales and a cautious investment climate, notably in the aerospace and automotive industries. These factors contribute to a projected operating result of EUR 9.0 million to EUR 9.5 million, with EBIT impacted by recent acquisitions, estimated between EUR 8.0 million and EUR 8.5 million.
Looking ahead, CENIT AG aims for an earnings improvement in 2025 through internal measures, as digitalization projects maintain a positive investment outlook.
R. E.
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