CENIT recorded a significant year-on-year increase in Group sales of around
16.4% to EUR 50,545 k in the first quarter of 2024

EQS-News: CENIT AG / Key word(s): Quarter Results/Quarterly / Interim
Statement
CENIT recorded a significant year-on-year increase in Group sales of around
16.4% to EUR 50,545 k in the first quarter of 2024

14.05.2024 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Stuttgart, 14 May 2024 - In the first quarter 2024 the CENIT Group has
continued its strong performance from 2023 and remains on course for growth.
After three months, the CENIT Group has generated sales revenues of EUR
50,545 k (previous year: EUR 43,416 k/+16.4%). Sales of third-party software
increased by 17.6% to EUR 26,188 k (prior year: EUR 22,278 k). Sales of
CENIT's own software increased significantly from EUR 3,351 k to EUR 4,472 k
(+33.5%). Sales revenues in the CENIT consulting and services segment
increased by 11.9% to EUR 19,856 k (previous year: EUR 17,746 k).

Gross profit (operating performance less cost of materials) amounted to EUR
29,352 k (previous year: EUR 25,672 k) and thus increased by 14.3%. CENIT
achieved EBITDA of EUR 3,146 k (previous year: EUR 1,572 k/+>100.0%) and
EBIT of EUR 1,239 k (previous year: EUR 6 k/+>100.0%). Earnings per share
amounted to Cent 0.3 (previous year: Cent -2.4).

Asset and Financial Situation
As of the balance sheet date, equity amounted to EUR 45,144 k (Dec. 31,
2023: EUR 45,003 k). The equity ratio amounted to 27.3% (Dec. 31, 2023:
29.3%). Bank balances, cash and cash equivalents amounted to EUR 33,620 k as
of the balance sheet date (Dec. 31, 2023: EUR 24,341 k). The operating cash
flow reached EUR 12,537 k (previous year: EUR 8,694 k) in particular due to
a project-related increase in receivables.

Employees
As of March 31, 2024, the number of employees in the Group was 918 (Dec. 31,
2023: 893). Personnel expenses amounted to EUR 22,100 k in the CENIT Group
in the reporting period (previous year: EUR 20,640 k).

Outlook
For the current year, our outlook for the CENIT Group is to reach a revenue
of around EUR 195,000 - 202,000 k and earnings (EBIT) of around EUR 11,700 -
12,200 k. Given the current challenging geopolitical situation, these
forecasts are based on the assumption that there will be no significant
negative economic impact on our industry and our main customer segments.
This forecast does not include any acquisition effects.

Please visit CENIT's homepage for the entire quarterly report as of
31.03.2024: www.cenit.com/reports.

About CENIT:
CENIT is your partner for successful digital transformation. With a broad
solutions and services portfolio, CENIT enables clients to optimize their
horizontal and vertical business processes. Our solutions are based on
innovative technologies in: product lifecycle management, the digital
factory and enterprise information management. With interdisciplinary
knowledge of the processes involved and their considerable expertise in the
field, CENIT consultants provide customers with end-to-end advice to ensure
that solutions are implemented with an understanding of the entire value
chain. With a holistic approach and based on trusted partnerships, CENIT
takes responsibility for solutions on behalf of our clients. From the
initial consultation to the introduction of innovative IT solutions, right
through to ensuring a cost-effective operation. The CENIT team adapts to
each client, taking a practical approach, which enables measurable,
operational optimizations. CENIT has been helping prestigious customers in
key industries to gain competitive advantages for more than 35 years! CENIT
has around 900 employees worldwide who work with customers from: automotive,
aerospace, industrial equipment, tool and mold manufacturing, financial
services, and trade and consumer products industries.


Please send queries to:
ENIT AG
Tanja Marinovic
Investor Relations
Industriestrasse 52-54
D-70565 Stuttgart
Tel.:+497117825-3320
Fax:+49711782544-4320
Email: aktie@cenit.de

Additional Information:
This press/ad hoc report may contain future-oriented statements regarding
the business, financial and earnings situation of, as well as profit
projections for, CENIT. Such future-oriented statements are characterized by
terms or statements such as "the company may" or "the company will",
"expects", "assumes", "is considering", "intends to", "plans", "believes",
"will continue to" and/or "estimates", as well as similar terms and
statements. Such statements contain no guarantee that the projections will
in fact be achieved. Rather, such statements involve risks, imponderables
and assumptions that are difficult to predict and, in addition, are based on
assumptions as to future events which may prove to be incorrect. For this
reason, actual events may diverge significantly from the assumptions
contained in the respective statement. In a future-oriented statement by
which CENIT expresses expectations or assumptions with regard to future
events, these expectations or assumptions are made in good faith, and it
shall be assumed that they are made upon an appropriate basis; however, it
cannot be guaranteed that the said statements, expectations or assumptions
shall indeed occur, or be attained or fulfilled. The actual operative result
may diverge significantly from such future-oriented statements and is
subject to certain risks. In this regard, please refer to the Business
Report of CENIT AG.


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14.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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   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:    1902059

End of News EQS News Service
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1902059 14.05.2024 CET/CEST