2025 ahead ayondo Franchise coming soon
Welcome 2025 
Happy New Year!
Happy New Year!
Happy New Year!
|
EQS-Ad-hoc: CENIT AG / Key word(s): Change in Forecast Stuttgart, 31 October 2024 - In the 2024 financial year, CENIT AG acquired majority stakes in two companies. Both companies are fully consolidated in the consolidated financial statements of CENIT AG. CENIT AG is consequently publishing an adjustment to the forecast for the 2024 financial year, according to which consolidated sales of EUR 205-210 million are anticipated (previously EUR 197-202 million). This represents sales growth of more than 10% compared to the previous year. EBITDA will increase by more than 10% year-on-year to a range of EUR 17.9 to 18.4 million. Despite a satisfactory Q3 result, the Management Board assumes that there is a high probability that Q4 will not see the usual jump in earnings due to the sale of single licenses. We currently see indications of this decline in many areas. In addition to the gloomy overall economic situation, we are seeing a reduction in the number of call-offs in framework agreements in the aerospace industry and a reluctance to invest on the part of automobile manufacturers. Although CENIT AG has been able to achieve considerable cost reductions for the 2024 financial year and beyond because of the reorganization that has begun, these will not be enough to fully compensate a decrease of around EUR 7 million in total planned gross profit. The operating result is therefore now expected to be in the range of EUR 9.0 million to EUR 9.5 million. EBIT will continue to be impacted by the acquisitions and is expected to total between EUR 8.0 million and EUR 8.5 million. An improvement in earnings is planned for the 2025 financial year, primarily through further internal measures. The Management Board continues to see a positive investment mood for digitalization projects in the markets relevant to CENIT for the coming fiscal year. Contact: Investor Relations Tanja Marinovic Telefon: +49 (0) 711 - 78 25 3320 Fax: +49 (0) 711 - 78 25 44 4320 E-Mail: t.marinovic@cenit.de End of Inside Information
31-Oct-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| 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@cenit.de |
| 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 |
| EQS News ID: | 2020155 |
| End of Announcement | EQS News Service |
|
|
2020155 31-Oct-2024 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
