CENIT AG reports Q3 EBIT of 2.2 million euros on sales of 154.2 million euros
CENIT AG reported Q3 EBIT of 2.2 million euros, with sales of 154.2 million euros for the nine-month period, reflecting a 1.8% increase year-over-year. Third-party software sales fell by 1.8%, while CENIT's own software sales rose by 3.8%. Consulting and services sales grew by 5.7%. Despite a gross profit increase of 4.6%, EBITDA dropped by 45.7%, and EBIT was -1.5 million euros due to one-off expenses and acquisition losses. The equity ratio stood at 27.5%, with 914 employees.