CENIT AG Surpasses Expectations Despite Restructuring Costs

CENIT AG has reported better-than-anticipated preliminary figures for fiscal year 2025, despite incurring special expenses from its restructuring program, "Project Performance." The company achieved consolidated revenue of €209.5 million, slightly exceeding previous forecasts. Additionally, proprietary software revenue saw a noteworthy increase of 11.2%, reaching €21.4 million.

EBITDA reached €12.3 million, outperforming expectations despite a drop from the previous year due to special expenses. These included a reduction in workforce and losses from the newly acquired subsidiary, Analysis Prime. However, cost savings enabled a substantial EBITDA of €6.6 million in Q4 2025.

Looking ahead, CENIT forecasts revenue of at least €210.0 million and EBITDA of €18.0 million for 2026, though these figures are considered conservative. As a result, GBC AG has revised its financial estimates and maintains a "BUY" rating with a target price of €15.00.