on CENIT AG (isin : DE0005407100)
Cenit AG Reports Modest Revenue Growth Amid Restructuring
Cenit AG posted a 1.9% increase in revenue, reaching €51.51 million in Q1 2025. Despite challenges, the acquisition of Analysis Prime LLC contributed an estimated €3 million to sales. The consulting revenue from this acquisition saw an 11.5% rise. However, revenue from proprietary and third-party software experienced slight declines of 1.4% and 4.9%, respectively.
EBITDA fell to €-2.44 million, compared to the previous year's €3.15 million. This was influenced by €3.35 million in restructuring expenses. The reduction in workforce will be implemented in upcoming quarters, aimed at improving EBITDA. Analysis Prime's delayed contracts contributed negatively by €1.4 million but are expected to improve.
Cenit maintains its revenue forecast for 2025, targeting between €229 million and €234 million, with expected positive contributions from Analysis Prime's growth.
R. P.
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