DGAP-News: CENIT increases sales in 2012 by 10% and EBIT by 28% compared to the previous year
(firmenpresse) - DGAP-News: CENIT AG / Key word(s): Final Results
CENIT increases sales in 2012 by 10% and EBIT by 28% compared to the
previous year
16.04.2013 / 07:57
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Stuttgart, 16th April 2013 - CENIT AG concluded the fiscal year 2012
significantly above the previous year. Despite a difficult macroeconomic
environment, the result of CENIT AG increased in terms of both sales and
EBIT compared to the previous year. Based on the financial statement for
CENIT Aktiengesellschaft, Stuttgart, the Executive and Supervisory Board
will propose at the shareholders' meeting on 31st May 2013 that a dividend
of EUR 0.30 per share and an extra dividend of EUR 0.25 be paid.
In the fiscal year 2012, the CENIT Group achieved revenues of EUR 118,854 k
(PY:EUR 107,840 k/10.2%). Revenue in CENIT's consulting and services
division increased by 4.0% (PY: EUR 54,540 k). Sales of third party
software thereby increased significantly by approximately 18.9% to EUR
49,194 k (PY: EUR 41,358 k). Sales of CENIT's proprietary software
increased from EUR 11,676 k to EUR 12,311 k (5.4%). In particular, the
software products FASTSUITE and cenitCONNECT in PLM and IBM FileNet System
Monitor and ECLISO in the EIM area were successfully sold to end customers.
Gross profits (operating revenue less cost of materials) totaled EUR 73,579
k (PY: EUR 69,740 k), up by 5.9%. CENIT achieved an EBITDA of EUR 11,044 k
(PY: EUR 8,736 k/26.4%) and an EBIT of EUR 8,017 k (PY: 6,262 TEUR /28.0%).
Earnings per share were EUR 0.65 (PY: 0.52 EUR/25.0%).
Orders Received
The incoming orders within the Group amounted in the past financial year
2012 EUR 116,510 k (PY: EUR 122,900 k). The order backlog as of 31st
December 2012 amounted to EUR 43,593 k (PY: EUR 48,177 k).
Assets and Financial Situation
There are no liabilities with banks - neither of a short-term or a
long-term nature. As of the balance sheet date, the shareholders' equity
was EUR 34,648 k (PY: EUR 32,206 k). The equity ratio is 58.7% (PY: 57.1%).
The balance of cash and cash equivalents as of the balance sheet date
amounts to EUR 23,779 k (PY: EUR 18,135 k). Operative cash flow reached EUR
10,444 k (PY: EUR 8,266 k). In 2012, the cash flow was affected by the
payment of the dividend to shareholders totaling EUR 2,510 k and by
investments amounting to EUR 2,272 k.
Employees
On 31st December 2012, the number of employees within the Group was 675
(PY: 657). Personnel expenses in the reporting period amounted to EUR
47,456 k in the CENIT Group (PY: EUR 45,457 k). CENIT is currently training
41 young people in various apprenticeships and occupations. Some of the
trainees are students of computer science and economics at the Dual
University Baden-Württemberg (DHBW), as well as trainees in the field of
information technology.
Outlook
The general economic situation in Germany is currently neutral.
Developments in the international environment, however, especially within
the EURO area, have a negative outlook. The corporate strategy of CENIT is
designed to achieve sustainability, which seems appropriate in the current
economic situation.
The Group's objective is to grow in all segments. After a very strong 2012,
CENIT is now expecting a result similar to the previous year, due to the
deterioration in the general economic situation. At the current time, CENIT
expects in 2013 total revenue growth of about 3% and a similar result
(EBIT) can be achieved within the Group. Individual segments will achieve
results proportional to the overall development. Higher growth rates are
expected in the following fiscal year 2014. We wish to specifically point
out that much of the projected growth depends on the further economic
development in Germany and the target markets, as well as the willingness
of the company's customers.
The complete Annual Report 2012 is available in German and English versions
on the CENIT homepage: www.cenit.de/annualreport
About CENIT:
The company has been operative since 1988 as a specialist in Product
Lifecycle Management, Enterprise Information Management solutions, Business
Optimization Analytics and Application Management Services. CENIT is listed
in the Prime Standard of the German stock market (Deutsche Börse) and
currently employs around 700 people. CENIT works for clients such as
Allianz, W&W, Daimler, EADS Airbus, Schwäbisch Hall Credit Services, BWB
or Kuka. A large part of customers comes from the small and medium-sized
companies, in particular from the automotive and engineering industries,
such as Jungheinrich, Flow, Viessmann or Georg Fischer.
http://www.cenit.de
Queries to:
CENIT AG
Investor Relations
Industriestrasse 52-54, 70565 Stuttgart
Germany
Tel: +497117825-3320
Fax: +49711782544-4320
Email: aktie(at)cenit.de
Additional notes:
This release may contain forward-looking statements about the business,
financial condition and results of operations and earnings forecasts for
CENIT. Words or statements such as 'the company may', or 'the company
will', 'expects', 'anticipates', 'contemplates', 'intends', 'plans',
'believes', 'continues' and 'estimates', as well as similar terms and
statements, identify these forward-looking statements. These statements are
not guarantees that these forecasts shall be achieved. Rather, these
statements involve risks, uncertainties and assumptions that are difficult
to predict and are based upon assumptions as to future events that may
prove to be inaccurate. For this reason, actual results may vary
considerably from that which is expressed herein. In a forward-looking
statement, in which CENIT expresses an expectation or belief as to future
results, these expectations or assumptions are made??in good faith, and it
is assumed that these are based on a reasonable foundation; there is no
guarantee, however, that the statement, expectation or belief will result
or be achieved or accomplished. Actual operating results may differ
materially from these forward-looking statements and are subject to certain
risks. We refer to the entire Annual Report of CENIT AG in this respect.
End of Corporate News
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16.04.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory 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(at)cenit.de
Internet: www.cenit.de
ISIN: DE0005407100
WKN: 540710
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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