CENIT AG

  • WKN: 540710
  • ISIN: DE0005407100
  • Land: Deutschland

Nachricht vom 03.04.2018 | 07:52

Successful 2017 business year for CENIT: sales increase of 23%, EBIT increases by around 8%, dividend proposal of the Management Board EUR 1.00 per share

DGAP-News: CENIT AG / Key word(s): Final Results

03.04.2018 / 07:52
The issuer is solely responsible for the content of this announcement.


Stuttgart, April 03, 2018 - CENIT AG successfully closes the 2017 business year. The software company achieved EBIT growth of approx. 8 percent. Group sales rose by around 23 percent. Sales of third-party software increased significantly by more than 40 percent compared to the previous year. This is due in particular to the acquisition of the KEONYS Group. Based on the annual financial statement of CENIT Aktiengesellschaft, Stuttgart, the Management and Supervisory Board will propose to the Annual Meeting of Shareholders on May 18, 2018 that a dividend of EUR 1.00 per share be distributed.

During the 2017 business year, CENIT Group achieved total sales revenues of EUR 151,701 k (2016: EUR 123,774 TEUR/22.6%). Sales of CENIT's proprietary software remained almost unchanged at EUR 17,559 k, compared to EUR 17,572 k in the previous year. Sales revenues from CENIT Consulting and Services totaled EUR 51,618 k and thus rose by 6.6% on-year (2016: EUR 48,420 k). Due to the acquisition of the KEONYS Group, sales of third-party software increased by 43.0% to EUR 82,362 k (2016: EUR 57.588 k).

CENIT achieved EBITDA in the amount of EUR 15,269 k (2016: EUR 14,064 k/8.6%) and EBIT of EUR 12,836 k (2016: EUR 11,849 k/8.3%). Earnings per share were EUR 1.07 EUR (2016: EUR 0.97/+11.5%).

Order Intake
During the 2017 business year, orders received by CENIT Group totaled EUR 161,955 k (2016: 124,815 EUR k). Orders in hand on December 31, 2017 amounted to EUR 45,477 k (2016: EUR 35.223 k).

Asset and Financial Situation
On the balance-sheet date, the company's equity capital was EUR 40,855 TEUR (2016: EUR 40,578 k), representing an equity ratio of 46.8% (2016: 56.2%). On the balance-sheet date, bank deposits and liquid assets totaled EUR 23.692 k (2016: EUR 33.606 k). On the other hand, there are current financial liabilities in amount of EUR 3,152 k (2016: EUR 0 k). Operative cash flow amounted to EUR 3,917 k (2016: EUR 9,055 k). In 2017, cash flow was influenced by a dividend payment to shareholders in the total amount of EUR 8,368 k and investments in the amount of EUR 7,744 k.

Employees
On December 31, 2017 CENIT Group employed 764 staff worldwide (2016: 615). Consolidated personnel expenditures during the reporting period were EUR 53,060 k (2016: EUR 48,880 k). CENIT currently provides training for 42 young professionals in a variety of occupations. Trainees include informatics and economics students from the Dual University of Baden-Württemberg (DHBW) and vocational trainees in the field of information technology.

Dividend
The Management and Supervisory Boards will propose to the General Meeting of Shareholders on May 18, 2018 that a dividend of EUR 1.00 per share, be distributed from CENIT AG's unappropriated profit in the amount of EUR 8,393 k.

Outlook
An equity ratio of almost 50% places CENIT on very secure footing. This lets CENIT act as a strong and reliable partner to its customers.

For the 2018 business year, CENIT Group anticipates sales growth of 25% with EBIT remaining unchanged.

The complete 2017 Annual Report is available in German and English on the CENIT homepage: www.cenit.com/reports.


About CENIT:
CENIT 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 30 years. CENIT has over 800 employees worldwide who work with customers from: automotive, aerospace, industrial equipment, tool and mold manufacturing, financial services, and trade and consumer products industries. www.cenit.com

Please address queries to:

CENIT AG
Investor Relations
Industriestrasse 52-54, D-70565 Stuttgart
Tel.:+497117825-3320
Fax:+49711782544-4320
Email: aktie@cenit.de

Additional Information:
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.
 



03.04.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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