All Stories
Follow
Subscribe to CENIT AG Systemhaus

CENIT AG Systemhaus

ots Ad hoc-Service: Cenit AG <DE0005407100> CENIT continues to implement its policy of internationalisation in the first quarter

Stuttgart (ots Ad hoc-Service) -

The sender is solely responsible for the contents of this
announcement.
CENIT AG Systemhaus consistently continued to pursue its policy of
internationalisation in the first quarter of 2000. After the
acquisition of Desktop Engineering in the UK and Spring Technologies
in France, CENIT signed a preliminary agreement for the hundred
percent takeover of L&H Consultants in North America. Thus, in the
first three months of this year, CENIT has taken decisive steps
towards becoming a global player.
Business developments in the first quarter were in line with
expectations. Thanks to full utilisation of capacities in the service
sector, gross earnings rose to EUR 10.1m (first quarter 1999: EUR
7.6m). This corresponds to a steep rise of 33 per cent. Due to the
comparatively weak hardware business, sales, at EUR 14.4m, fell about
eight per cent short of the previous year's figure (first quarter
1999: EUR 15.7m). Operating earnings also developed as planned, at
EUR -0.8m (first quarter 1999: EUR 0.0m). This is attributable
primarily to non- recurring expenses for mergers and acquisitions,
and to extensive investments to build up the Swiss subsidiary and the
newly founded branch in Berlin. There was an enormous rise in orders
received by CENIT - twice the figure for the same period last year.
The number of employees rose by 98 to 470 (first quarter 1999: 342).
"The first quarter is traditionally the weakest for CENIT AG
Systemhaus' business. As always, the second half of the year will
generate markedly higher earnings. Our recent acquisitions in north
America, France and the UK will also contribute to an upswing,"
comments board of management spokesman Falk Engelmann on the
quarterly results presented today. "By mid-year, we shall present a
revised plan for the year 2000 which takes these factors into
account."
For further questions please contact: CENIT AG Systemhaus Matthias
Brock Public Relations Schulze-Delitzsch-Str. 50 D-70565 Stuttgart
Phone ++49/711/78073-201 Fax ++49/711/78073-501 e-mail 
m.brock@cenit.de
End
Internet: http://recherche.newsaktuell.de

Original content of: CENIT AG Systemhaus, transmitted by news aktuell

More stories: CENIT AG Systemhaus
More stories: CENIT AG Systemhaus