|
DGAP-Ad-hoc: CENIT AG / Key word(s): Preliminary Results Stuttgart, March 14, 2022: After advanced analysis of the so far preliminary results of the CENIT Group during the still ongoing closing process, the latest sales forecast of EUR 153.0 - 155.0 million for the fiscal year 2021 as of January 28, 2022 will be adjusted due to a change in the accounting methodology according to IFRS 15. Consequently, the CENIT Group is expected to generate sales of EUR 145.5 to 147.5 million on the same basis according to the new accounting method, with an EBIT of EUR 6.0 to 6.3 million, which remains unchanged from the forecast of January 28, 2022. As a result, the EBIT margin for the fiscal year will increase from the previous 3.9% to 4.0% to 4.2% to 4.3%. The reason for updating the revenue forecast is an upcoming new accounting practice in the software industry regarding the treatment of software license revenue from resellers in accordance with the International Reporting Standard Committee (IFRIC). For comparative purposes, the previous year's revenue figures in the financial statements for fiscal year 2021 have also been adjusted accordingly. The accuracy of the previous 2020 financial statements is not affected by this. CENIT AG
14-March-2022 CET/CEST The DGAP 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: | 1302093 |
| End of Announcement | DGAP News Service |
|
|
1302093 14-March-2022 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.
