03.04.2018
CENIT AG DE0005407100
DGAP-News: 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
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
03.04.2018 / 07:52
The issuer is solely responsible for the content of this announcement.
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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: [email protected]
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.
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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.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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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: [email protected]
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
End of News DGAP News Service
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