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CENIT keeps on growing: Group revenues increase by around 11.5% to EUR 115,863 k EUR compared to previous year

EQS-News: CENIT AG / Key word(s): 9 Month figures/Quarter Results
CENIT keeps on growing: Group revenues increase by around 11.5% to EUR 115,863 k EUR compared to previous year
03.11.2022 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

Stuttgart, November 3rd, 2022 - Continued strong consulting and service business (vs previous year: +35.4%) as well as increased license sales determine the sales growth (vs previous year: +11,908, +11.5%) in the first nine month 2022. The consulting and service business, which was already growing strongly in the first half year (vs previous year +18.9%) continued in the third quarter (+67.3%) and was also boosted by a significant increase in the sale of third-party software licenses (vs previous year: +73.8%) and a general increase in proprietary software business (vs previous year: +11.4%).

After nine months, CENIT Group has generated sales revenues of EUR 115,863 k (previous year: EUR 103,955 k/+11.5%). Sales revenues in the CENIT consulting and services segment increased by 35.4% to EUR 38,352 k (previous year: EUR 28,334 k). Sales of third-party software increased by 1.7% to EUR 65,351 k (previous year: EUR 64,242 k). Sales of CENIT's own software also increased from EUR 11,364 k to EUR 12,105 k (+6.5%).

Gross profit (operating performance less cost of materials) amounted to EUR 64,101 k (previous year: EUR 55,181 k) and thus increased by 16.2%. CENIT achieved EBITDA of EUR 6,132 k (previous year: EUR 6,217 k/-1.4%) and EBIT of EUR 2,582 k (previous year: EUR 2,436 k/+6.0%). Earnings per share amounted to Cent 14.7 (previous year: Cent 19.4).

Looking at the third quarter alone, the following development can be noticed compared to the third quarter of 2021. Thus, consolidated sales increased by 22.2% to EUR 41,952 k (previous year: EUR 34,323 k), EBITDA increased by 2.1% to EUR 2,754 k (previous year: EUR 2,697 k) and EBIT amounted to EUR 1,463 k after EUR 1,500 k in the previous year (-2.5%).

Asset and Financial Situation
As of the balance sheet date, equity amounted to EUR 38,253 k (Dec. 31, 2021: EUR 43,645 k). The equity ratio amounted to 34.0% (Dec. 31, 2021: 47.0%). Bank balances and cash and cash equivalents amounted to EUR 22,766 k as of the balance sheet date (Dec. 31, 2021: EUR 26,361 k). The operating cash flow reached EUR 11,316 k (previous year: EUR 8,382 k).

As of September 30, 2022, the number of employees in the Group was 858 (previous year: 675). Personnel expenses amounted to EUR 48,956 k in the CENIT Group in the reporting period (previous year: EUR 43,004 k).

We confirm our updated forecast for the CENIT Group for the current fiscal year 2022, according to which we expect consolidated sales of around EUR 170.0 million and consolidated earnings (EBIT) of around EUR 9.0 million. This forecast is subject to the express provision that the global economic and industry-specific conditions do not deteriorate significantly in the current fiscal year 2022, particularly with regard to the growing inflation and economic risks in the context of the war in Ukraine and the continuing effects of the COVID 19 pandemic.

Please visit CENIT’s homepage for the quarterly report as of 30.09.2022:


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 more than 30 years! CENIT has around 900 employees worldwide who work with customers from: automotive, aerospace, industrial equipment, tool and mold manufacturing, financial services, and trade and consumer products industries.


Please send queries to:
Investor Relations
Tanja Marinovic
Industriestrasse 52-54
D-70565 Stuttgart


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 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 Business Report of CENIT AG.

03.11.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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