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For CENIT AG Systemhaus, the fiscal year brought doubledigit
growth rates. Sales for the group rose by 29 per cent to EUR 79.5
million (1998: EUR 61.6 million). At the same time, gross profit rose
by 34 per cent to EUR 40.5 million (1998: EUR 30.3 million). The
company's operating earnings were boosted 14 per cent to EUR 5.7
million (1998: EUR 5.0 million). The number of employees rose by 125
to 440 on the previous year.
Developments were particularly positive in net income for the
year. This was boosted by 100 per cent to EUR 3.2 million (1998: EUR
1.6 million). As a result, earnings per share rose to EUR 0.8 (1998:
EUR 0.4) (according to IAS). The board of management will keep its
promise to CENIT shareholders to distribute one third of the year's
profits. At the annual general meeting on May 31st 2000, it will
propose a dividend of EUR 0.25 per share. Last year - before the
share split of 1:4 - a dividend of EUR 0.51 was paid.
All sectors set on a successful course
The tempestuous development of the Internet and the continuing
trend towards handling business processes electronically promote
strong growth particularly in the e-business segment. Here, sales
rose to EUR 18.4 million (1998: EUR 13.8 million). This corresponds
to an increase of 33 per cent on the previous year. Despite extensive
investments, operating earnings rose by 9 per cent
to EUR 0.84 million (1998: EUR 0.77 million).
CENIT succeeded in expanding its leading position as the world's
leading CATIA partner of IBM. Sales in the CAD/CAM Solutions sector
rose by 18 per cent to EUR 40.5 million (1998: EUR 34.3 million). At
EUR 3.6 million, operating earnings remained at the previous year's
level (1998: EUR 3.58 million).
Strong demand for professional services in information technology
was reflected in the outstanding development experienced in the IT
Services sector. Here, sales rose by 52 per cent to EUR 20.7 million
(1998: EUR 13.6 million). Operating earnings rose more than
proportionately by 86 per cent to EUR 1.23 million (1998: EUR 0.66
The wholly-owned subsidiary in the UK, CENIT Ltd. Manchester,
boosted its sales by 38 per cent to EUR 2.1 million (1998: EUR 1.5
Concentration on Internet technology
CENIT AG Systemhaus will increasingly concentrate on Internet
technologies. The board of management expects this to exercise a
positive influence on the development of business all along the line.
The sales target for 2000 has been set at EUR 112 million. In
operating earnings, the company aims to hit the EUR 8.4 million
level. By the end of the year, the group expects to have a workforce
of about 600 people. In the intermediate term, the company aims to
achieve an average annual growth rate of 40 per cent.
Stepping up globalisation
Now that it has founded a wholly-owned subsidiary in Switzerland
and completed the announced acquisition of the UK IT marketing and
service company Desktop Engineering, Oxford, CENIT AG Systemhaus
plans to continue its globalisation strategy.
If you have any queries please contact CENIT AG Systemhaus
Matthias Brock Public Relations Schulze-Delitzsch-Str. 50 D-70565
Stuttgart Phone (+49) 7 11 / 7 80 73-201 Fax (+49) 7 11 / 7 80 73-501
Original-Content von: CENIT AG Systemhaus, übermittelt durch news aktuell