DGAP-News: CENIT AG
/ Key word(s): Half Year Results
Stuttgart, August 4th, 2020 - During the first six months, CENIT group generated sales revenues of EUR k 74,689 (prior year: EUR k 84,495/-11.6%). Sales revenues in CENITs consulting and services segment decreased by -15.9% to EUR k 20,378 (prior year: EUR k 24,229). Sales of third-party software fell by approx. -11.2% to EUR k 46,701 (prior year: EUR k 52,601). Sales proceeds from CENIT's proprietary software decreased as well from EUR k 7,604 to EUR k 7,323 (-3.7%). The gross profit (operating output less cost of materials) amounted to EUR k 36,878 (prior year: EUR k 42,079), representing a decrease of -12.4%. CENIT achieved EBITDA of EUR k 3,808 (prior year: EUR k 4,984/-23.6%) and EBIT of EUR k 781 (prior year: EUR k 2,061/-62.1%). Results per share were 0.04 EUR (prior year: 0.16 EUR). Orders Development During the first six months, the group-wide order intake totaled EUR k 80,087 (prior year: EUR k 87,853). On June 30th, 2020 orders in hand amounted to EUR k 52,620 (prior year: EUR k 56,748). Asset and Financial Situation On the balance-sheet date, equity capital totaled EUR k 40,873 (31 Dec. 2019: EUR k 40,940), accounting for an equity ratio of 45.3% (31 Dec. 2019: 45.8%). On the balance-sheet date, bank deposits and liquid assets totaled EUR k 25,304 (31 Dec. 2019: EUR k 18,461). The operative cash flow was EUR k 9,414 (prior year: EUR k 12,636). Employees On June 30th, 2020, CENIT group employed 717 (prior year: 751). Group-wide personnel costs for the reporting period were EUR k 28,650 (prior year: EUR k 31,060). Outlook The global economic environment continues to be characterized by great uncertainties due to the corona virus pandemic, especially in our main sectors of automotive, aerospace and mechanical engineering. It therefore remains difficult to predict the negative effects. For this reason, we continue to refrain from making reliable sales and earnings forecasts for the 2020 financial year. Please visit CENIT's homepage for the full 6 Months Report 2020: www.cenit.com/reports.
About CENIT: Additional Information:
04.08.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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: | 1108415 |
End of News | DGAP News Service |
|
1108415 04.08.2020
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.