PRESS RELEASE

from CENIT AG (isin : DE0005407100)

CENIT with a very strong half-year result: Group revenues increase compared to previous year by 18.3% to EUR 87,470 k

EQS-News: CENIT AG / Key word(s): Half Year Report
CENIT with a very strong half-year result: Group revenues increase compared to previous year by 18.3% to EUR 87,470 k

01.08.2023 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


Stuttgart, August 01, 2023 - Continued strong consulting and service business (vs. prev. yr.: +57.5%) as well as increased recurring sales (vs. prev. yr.: +4.8%) determine the revenues growth (vs. prev. yr. +13,558/+18.3%) in the first six months of 2023. CENIT Group is continuing its positive trend from the prior quarter. Among other things, the consulting and service business contributed significantly to this, increasing by EUR 12,777 k (+57.5%) compared to the previous first half-year, both through acquisitions and due to organically strong demand. In particular, after several years of sideways movement, an organic growth in the PLM area of 6.1% - and thus above general market growth - was also achieved.

After six months, CENIT Group has generated sales revenues of EUR 87,470 k (previous year: EUR 73,912 k/+18.3%). Sales revenues in the CENIT consulting and services segment increased by 57.5% to EUR 35,008 k (previous year: EUR 22,231 k). Sales of third-party software increased by 2.5% to EUR 44,754 k (prior year: EUR 43,654 k). Sales of CENIT's own software decreased primarily due to postponed customer orders in the areas of DFS and EIM from EUR 7,985 k to EUR 7,637 k (-4.4%). The order backlog increased by 18.4% to 59,260 TEUR (previous year 50,050 TEUR).

Gross profit (operating performance less cost of materials) amounted to EUR 52,770 k (previous year: EUR 40,125 k) and thus increased by 31.5%. CENIT achieved EBITDA of EUR 5,746 k (previous year: EUR 3,378 k/70.1%) and EBIT of EUR 2,620 k (previous year: EUR 1,119 k/+134.1%). Earnings per share amounted to Cent 18.5 (previous year:
Cent 4.6).

Asset and Financial Situation
As of the balance sheet date, equity amounted to EUR 42,391 k (Dec. 31, 2022: EUR 44,783 k). The equity ratio amounted to 32.8% (Dec. 31, 2022: 35.3%). Bank balances, cash and cash equivalents amounted to EUR 19,600 k as of the balance sheet date (Dec. 31, 2022: EUR 19,914 k). The operating cash flow reached EUR 10,304 k (previous year: EUR 9,280 k) due to a project-related increase in receivables.

Employees
As of June 30, 2023, the number of employees in the Group was 862 (previous year: 858). Personnel expenses amounted to EUR 39,737 k in the CENIT Group in the reporting period (previous year: EUR 31,163 k).

Outlook
We confirm also due to the increased order backlog our forecast for the CENIT Group for the current fiscal year 2023, according to which we expect consolidated sales of around EUR 180.0 million and consolidated earnings (EBIT) of around EUR 9.5 million. This forecast is subject to the express proviso that the global economic and industry-specific conditions do not deteriorate significantly in the current fiscal year 2023, particularly with regard to the growing inflation and economic risks.

Please visit CENIT’s homepage for the entire quarterly report as of 30.06.2023:
www.cenit.com/reports

 

 

 

About CENIT:
ENIT is your partner for successful digital transformation. With a broad solutions and services portfolio, CENIT enables clients to optimize their horizontal and vertical business processes. Our solutions are based on innovative technologies in product lifecycle management, the digital factory and enterprise information management. With interdisciplinary knowledge of the processes involved and their considerable expertise in the field, CENIT consultants provide customers with end-to-end advice to ensure that solutions are implemented with an understanding of the entire value chain. With a holistic approach and based on trusted partnerships, CENIT takes responsibility for solutions on behalf of our clients. From the initial consultation to the introduction of innovative IT solutions, right through to ensuring a cost-effective operation. The CENIT team adapts to each client, taking a practical approach, which enables measurable, operational optimizations. CENIT has been helping prestigious customers in key industries to gain competitive advantages for more than 30 years! CENIT has around 900 employees worldwide who work with customers from: automotive, aerospace, industrial equipment, tool and mold manufacturing, financial services, and trade and consumer products industries.

 

 

Please send queries to:
CENIT AG
Tanja Marinovic
Investor Relations
Industriestrasse 52-54
D-70565 Stuttgart
Tel.:+497117825-3320
Fax:+49711782544-4320
Email: aktie@cenit.de

 

Additional Information:
This press/ad hoc report may contain future-oriented statements regarding the business, financial and earnings situation of, as well as profit projections for, CENIT. Such future-oriented statements are characterized by terms or statements such as "the company may" or "the company will", "expects", "assumes", "is considering", "intends to", "plans", "believes", "will continue to" and/or "estimates", as well as similar terms and statements. Such statements contain no guarantee that the projections will in fact be achieved. Rather, such statements involve risks, imponderables and assumptions that are difficult to predict and, in addition, are based on assumptions as to future events which may prove to be incorrect. For this reason, actual events may diverge significantly from the assumptions contained in the respective statement. In a future-oriented statement by which CENIT expresses expectations or assumptions with regard to future events, these expectations or assumptions are made in good faith, and it shall be assumed that they are made upon an appropriate basis; however, it cannot be guaranteed that the said statements, expectations or assumptions shall indeed occur, or be attained or fulfilled. The actual operative result may diverge significantly from such future-oriented statements and is subject to certain risks. In this regard, please refer to the Business Report of CENIT AG.

    

    

 



01.08.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
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Language:English
Company:CENIT AG
Industriestraße 52 - 54
70565 Stuttgart
Germany
Phone:+49 (0)711 78 25 - 30
Fax:+49 (0)711 78 25 - 4000
E-mail:aktie@cenit.de
Internet:www.cenit.com
ISIN:DE0005407100
WKN:540710
Listed:Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:1692329

 
End of NewsEQS News Service

1692329  01.08.2023 CET/CEST

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