CENIT AG Reports Significant Sales Growth in Q1 2024

On May 14, 2024, CENIT AG announced a notable increase in group sales for the first quarter of 2024, achieving a 16.4% rise from the previous year to reach EUR 50,545 k. This strong performance underscores the company's sustained growth trajectory. Sales of third-party software saw a 17.6% increase, while CENIT’s own software revenues jumped by 33.5%. Additionally, the consulting and services segment of the company also witnessed an 11.9% growth.

The firm reported a gross profit of EUR 29,352 k, marking a 14.3% improvement over the previous year. Notably, CENIT’s EBITDA more than doubled to EUR 3,146 k, and earnings per share turned positive at Cent 0.3, compared to a loss in the prior year. The financial position remains robust with an equity ratio of 27.3% and increased operating cash flow which reached EUR 12,537 k, primarily due to a rise in receivables related to project activities.

The employee count has also risen to 918 as the company continues to expand its operations. Looking ahead, CENIT forecasts a revenue between EUR 195,000 k and EUR 202,000 k for the year, with expected EBIT ranging from EUR 11,700 k to EUR 12,200 k. These projections are set against a backdrop of ongoing global geopolitical challenges, assuming no significant economic downturn impacts the sector or key customer groups.