CENIT AG Reports 13.6% Increase in Sales for First Nine Months of 2024

CENIT AG, headquartered in Stuttgart, announced a 13.6% rise in consolidated sales for the first nine months of 2024, reaching EUR 151,433k, compared to EUR 133,305k in the previous year. Third-party software sales climbed 12.0% to EUR 75,700k, while sales from CENIT's proprietary software surged by 17.5% to EUR 13,633k. The consulting and services segment experienced a 15.3% increase to EUR 61,983k.

The company’s gross profit increased by 12.5% to EUR 88,838k. EBITDA stood at EUR 10,413k, reflecting a 9.9% rise, although EBIT declined by 13.8% to EUR 3,966k. An adjusted EBITDA increase of 26.0% and an 18.2% rise in adjusted EBIT underscores a robust financial performance despite a smaller EBIT.

Looking ahead, CENIT projects annual revenue between EUR 205,000k and 210,000k, with expected EBIT of EUR 8,000k to 8,500k.