Q4 2023 CENIT AG Earnings Call Transcript
Key Points
- Revenue increased from EUR 162 million to EUR 184 million, a growth of 13.9% despite economic challenges in Europe.
- EBITDA increased significantly by 37.4% from EUR 11.9 million to EUR 16.41 million.
- EBIT increased by 46% from EUR 6.31 million to EUR 9.22 million.
- Order backlog grew by 24.7% up to EUR 57 million, indicating strong future revenue potential.
- The company has a strong focus on improving transparency and will focus more on EBITDA and EPS figures in future reporting.
- EPS decreased by 28% from $0.75 to $0.54, primarily due to investments in acquisitions and higher interest rates.
- The company proposed not to distribute a dividend for 2023 due to financial strategy and high-interest rates on loans.
- The equity ratio decreased from 35% to 29%, approaching the company's internal minimum threshold of 25%.
- Software share is down due to a shift towards SaaS models, which spreads revenue over several years instead of recognizing it upfront.
- There were unexpected legal costs in France amounting to EUR 365,000 due to employee terminations.
Good morning, ladies and gentlemen. And on behalf of Montega, a warm welcome to today's earnings call of CENIT AG following the publication of the annual financial figures of 2023. The CEO, Peter Schneck will speak in a moment and guide us through the presentation and the results. So after the presentation, we will move on with our Q&A session in which you will be allowed to ask your questions directly to the management.
So having said this, we are looking forward to the results, and I hand over to you, Mr. Schneck.
Thank you very much, Sarah, and a very warm welcome also from my side and a very nice good morning to our earnings call for the CENIT AG company. And of course, for the annual financial statement, 2023, which hopefully will surprised and please you.
The full report has been uploaded already on our website as well as by [EQS]. So, of course, if you have any questions afterwards and after review of the full report, as you know, I'm always available, please send me an e-mail or contact me via
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