CENIT posts sales and earnings growth in first 6 months of 2011
(firmenpresse) - CENIT AG / Key word(s): Finance/
CENIT posts sales and earnings growth in first 6 months of 2011
DGAP-Media / 11.08.2011 / 07:46
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Positive development underpinned by high software sales and growing demand
for services
Stuttgart, 11 August 2011 - The results of the first 6 months of 2011
increased in comparison to the same period last year. Increased demand is
coming especially from the manufacturing industry and from automotive
suppliers, leading to sustained growth in the product lifecycle management
(PLM) field. However, the enterprise information management (EIM) segment
was likewise able to achieve higher sales during the first half of the
year. Overall, sales of CENIT's proprietary software and third-party
software were up significantly against the previous year. Based on these
positive developments, we have raised our annual forecast for the 2011
business year. The precondition for achieving this goal is continued
stability of the business environment.
With the acquisition of Transcat PLM in Switzerland, CENIT AG is
strengthening its presence on the international market. In July, CENIT also
established a subsidiary in Japan, so that the enterprise is now directly
represented on the Asian continent.
By the end of the 2nd Quarter, CENIT Group posted sales revenue of 50.3 m
EUR (2010: 41.4 m EUR/22%). EBITDA totaled 2.9 m EUR (2010: 1.6 m EUR/85%),
representing EBIT of 1.99 m EUR (2010: 0.9 m EUR/131 %). Earnings per share
amounted to 0.17 EUR (2010: 0.08 EUR/113%).
Breakdown of Earnings
In the PLM segment, we achieved a sales total of 35.7 m EUR (2010: 30.6 m
EUR/17%). The EIM segment posted sales of 14.6 m EUR after 10.7 m EUR in
2010 (36%). Sales of third-party software attained 18.6 m EUR (2010: 12.5 m
EUR/48%), while sales of CENIT's proprietary software grew from 3.8 m EUR
to 5.7 m EUR (53%). Turnover from services and consulting totaled 25.9 m
EUR (2010: 24.6 m EUR/5%). Other sales amounted to 0.1 m EUR (2010: 0.5 m
EUR /-76%).
Orders Development
Incoming orders Group-wide totaled 56.6 m EUR (2010: 42.4 m EUR/33%). On 30
June 2011, orders in hand amounted to 35.4 m EUR (2010: 25.4 m EUR/40%).
Asset and Financial Status
The asset and financial situation remains comfortable. On the balance-sheet
date, equity capital amounted to approx. 29.3 m. EUR (31 Dec. 2010: 29 m
EUR), accounting for an equity ratio of 54% (31 Dec. 2010: 58%). On the
balance-sheet date, bank deposits and securities totaled 19.7 m EUR (31
Dec. 2010: 13.3 m EUR). The enterprise is debt-free.
Employees
On 30 June 2011, 652 staff members were employed Group-wide (30 June 2010:
618).
Participations/Subsidiaries
CENIT (SWITZERLAND) AG, Frauenfeld/Switzerland
During the second Quarter of 2011, CENIT (Switzerland) AG merged with
Transcat PLM AG (Switzerland). As a consequence, the company headquarters
will relocate to Effretikon during the coming weeks. Currently, CENIT
(Switzerland) AG employs 22 staff. The subsidiary achieved sales proceeds
of 4.5 m EUR (2010: 1.4 m EUR), accounting for EBIT of 0.5 m EUR (2010:
0.04 m EUR).
CENIT NORTH AMERICA Inc., Auburn Hills/USA
With sales totaling 4.8 m EUR (2010: 2.5 m EUR), CENIT North America Inc.
posted EBIT of 0.7 m EUR (2010: -0.1 m EUR). The high growth rate is
attributable to a large one-off project.
CENIT SRL, Iasi/Romania
CENIT SRL achieved sales of 0.5 m EUR (2010: 0.2 m EUR) and EBIT of 0.02 m
EUR (2010: -0.01 m EUR).
CENIT France SARL, Toulouse/France
CENIT France SARL posted sales of 0.3 m EUR (2010: 0.3 m EUR), representing
EBIT of 0.05 m EUR (2010: 0.01 m EUR).
Outlook
For the second half of the year, we again expect to achieve strong software
business, as is traditionally the case during the last months of the year.
Assuming continued stability of the economic environment, our current
assessment allows us to raise our annual sales and earnings growth forecast
for the 2011 business year from 10% to 15%, against 2010.
The full Second Quarter Report is available at our website under
www.cenit.de/quartalsbericht.
About CENIT:
The enterprise has been active since 1988 as a specialist for product
lifecycle management, enterprise information management solutions and
application management services. CENIT is listed on the Prime Standard of
Deutsche Börse and currently employs about 700 staff. CENIT serves
customers such as Allianz, W&W, Daimler, EADS Airbus, VR kreditwerk, BWB
and Kuka. Many of the customers are medium-sized enterprises, particularly
from the automotive and mechanical engineering industries, e.g.
Jungheinrich, Flow, Viessmann or Georg Fischer. http://www.cenit.de
Please send queries to:
CENIT AG
Investor Relations
Industriestrasse 52-54
D-70565 Stuttgart
Tel.:+497117825-3320
Fax:+49711782544-4320
Email: aktie(at)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 above 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, 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 Annual Report of
CENIT AG.
End of Media Release
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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(at)cenit.de
Internet: www.cenit.de
ISIN: DE0005407100
WKN: 540710
Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin, Düsseldorf, Hamburg, München
End of News DGAP-Media
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