- WKN: 540710
- ISIN: DE0005407100
- Land: Deutschland
Nachricht vom 01.04.2019 | 07:52
CENIT AG Annual Financial Results 2018: Sales up by around 12 percent, EBIT down by around 30 percent compared to the previous year
DGAP-News: CENIT AG / Key word(s): Annual Results
Stuttgart, April 01, 2019 - CENIT AG was not able to repeat the success of the previous years in the 2018 financial year. Even if sales in the group rose by approx. 12 percent, EBIT fell by almost 30 percent, which is due in particular to the decline in the sale of the company's own software. Sales of third-party software again increased by around 27 percent compared to the previous year. On the basis of the annual financial statements of CENIT Aktiengesellschaft, Stuttgart, the Management Board and Supervisory Board will propose to the Annual General Meeting on May 24, 2019 to distribute a dividend of EUR 0.60 per share.
During the 2018 business year, CENIT Group achieved total sales revenues of EUR 169,990 k (2017: EUR 151,701 k/12.1%). Sales of CENIT's proprietary software declined by 12% at EUR 15,449 k, compared to EUR 17,559 k. Sales revenues from CENIT Consulting and Services totaled EUR 49,776 k and thus declined by 6.6% on-year (2017: EUR 51,618 k). Especially due to the acquisition of the KEONYS Group, sales of third-party software increased by around 27% to EUR 104,299 k (2017: EUR 82,362 k).
CENIT achieved EBITDA in the amount of EUR 11,948 k (2017: EUR 15,269 k/-21.8%) and EBIT of EUR 9,028 k (2017: EUR 12,836 k/-29.7%). Earnings per share were EUR 0.73 EUR (2017: EUR 1.07 EUR/-31.8%).
Asset and Financial Situation
The forecast for the 2019 business year is based on sales at the previous year's level of around EUR 170,000 k and EBIT of EUR 10,000 k.
The complete 2018 Annual Report is available in a German and English version on the CENIT homepage: www.cenit.com/reports.
This press release/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 Annual Report of CENIT AG.
|Industriestraße 52 - 54|
|Phone:||+49 (0)711 78 25 - 30|
|Fax:||+49 (0)711 78 25 - 4000|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||793541|
|End of News||DGAP News Service|
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