Cenit Q1 2024 Sales Surge by 16.4% YoY, Reaching a High of EUR 50,545k

• CENIT AG reported a significant year-on-year increase in Group sales of around 16.4% to EUR 50,545 k in the first quarter of 2024.
• Sales of third-party software increased by 17.6% to EUR 26,188 k and sales of CENIT's own software increased significantly from EUR 3,351 k to EUR 4,472 k (+33.5%).
• Gross profit amounted to EUR 29,352 k, an increase of 14.3% from the previous year. EBITDA of EUR 3,146 k and EBIT of EUR 1,239 k were achieved.
• As of the balance sheet date, equity amounted to EUR 45,144 k and the equity ratio amounted to 27.3%. Bank balances, cash and cash equivalents amounted to EUR 33,620 k.
• The number of employees in the Group was 918 as of March 31, 2024, and personnel expenses amounted to EUR 22,100 k in the reporting period.
• For the current year, the 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.

The next important date, Publication of quarterly financial report (as of Q1), at Cenit is on 14.05.2024.

The price of Cenit at the time of the news was 12,300EUR and was up +1,65 % compared with the previous day.
31 minutes after the article was published, the price was 12,500EUR this corresponds to a plus of +1,63 % since publication.

Cenit

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+1,64 %

-5,34 %

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-10,79 %

-12,98 %

+0,40 %

-12,64 %

ISIN:DE0005407100WKN:540710

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