DGAP-News: CENIT AG
/ Key word(s): Annual Report
Stuttgart, March 31st, 2021 - 2020 was another difficult year for the CENIT Group, mainly due to the effects of the Corona pandemic. The sales of EUR k 170,000 and EBIT of EUR k 9,000 still expected at the beginning of the fiscal year could therefore not be achieved. This is mainly due to declining sales in the areas of software and services, but also to the global pandemic-related restrictions in important markets for CENIT. Nevertheless, group-wide sales of EUR k 147,240 and EBIT of EUR k 3,631 were achieved. This was possible primarily due to a good fourth quarter and appropriate measures taken in good time, such as investment restraint, cost discipline and division-related short-time work. Thus, it was also possible to refrain from crisis-related personnel measures. Results in detail The gross profit (operating output less cost of materials) amounted to EUR k 73,020 (2019: EUR k 86,742), representing a decrease of -15.8%. CENIT achieved EBITDA in amount of EUR k 9,594 (2019: EUR k 15,238/-37.0%) and EBIT of EUR k 3,631 (2019: EUR k 9,195/-60.5%). Earnings per share were EUR 0.28 (2019: EUR 0.82). Orders Development Asset and Financial Situation Employees
Dividend Based on the results now available for the financial year 2020, we would like to continue our original dividend policy and distribute 50% of the unappropriated profit 2019 (EUR k 7,853), which was carried forward to new account, to our shareholders. Considering this, the financial strategy remains focused on maintaining a good and long-term rating, but also taking into account the shareholders' interest in receiving a dividend. Outlook For the fiscal year 2021, we therefore expect sales of around EUR k 152,000 and an EBIT of around EUR k 5,000, provided that the general conditions do not get significantly worse during the Corona pandemic. The complete 2020 Annual Report is available in a German and English version on the CENIT homepage: www.cenit.com/reports.
About CENIT: Additional Information:
31.03.2021 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: | 1179960 |
End of News | DGAP News Service |
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1179960 31.03.2021
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