Cenit AG Faces Transitional Year Amid Restructuring Efforts

Cenit AG, a player in the IT services sector, has encountered challenges as its earnings fall short of expectations. Despite generating approximately €207 million in sales last year, the company's EBITDA stood at €17 million, below the €17.9-€18.4 million guidance. This shortfall stems from a restructuring phase, including planned personnel reductions. Provisions for these changes impacted 2024 earnings.

2025 is considered a transitional year, with moderate sales growth anticipated. Analysis Prime's consolidation will contribute €17.5 million, with total sales expected at €228.43 million. However, restructuring expenses are projected at €4 million, reducing EBIT forecasts.

Looking ahead, Cenit foresees organic growth in 2026. Partnerships with automotive giants like Volkswagen and BMW may fuel sales. Despite initial challenges, the company remains optimistic with a revised target price of €19.00 for its shares. The "BUY" recommendation persists.