CENIT AG Reports 13.6% Increase in Half-Year Sales Revenue

Stuttgart, August 1, 2024 – CENIT AG has announced a 13.6% year-on-year increase in its consolidated sales revenue, reaching EUR 99,355k in the first half of 2024. This growth is driven by a significant rise in third-party software sales (+13.4%) and a substantial boost in the company's software sales (+21.7%). Additionally, the consulting and services segment experienced a 12.0% increase in sales revenues.

The company's gross profit climbed by 8.9% to EUR 57,464k. However, EBITDA saw a modest rise of 0.9% to EUR 5,796k, while EBIT declined by 23.4% to EUR 2,006k, affected by acquisition costs and higher depreciation and amortization. Earnings per share were recorded at Cent 1.3.

As of June 30, 2024, CENIT's equity stood at EUR 44,732k, with an equity ratio of 30.0%. The company's bank balances, cash, and cash equivalents totaled EUR 28,627k. Operating cash flow increased to EUR 11,150k, reflecting a project-related rise in receivables.

The number of employees reached 936, with personnel expenses amounting to EUR 43,081k. Looking ahead, CENIT forecasts annual revenue between EUR 195,000k and 202,000k, and an EBIT of around EUR 11,700k to 12,200k.