Cenit AG (STU:CSH)
€ 8.2 0.15 (1.86%) Market Cap: 68.62 Mil Enterprise Value: 100.62 Mil PE Ratio: 24.11 PB Ratio: 1.73 GF Score: 78/100

Half Year 2024 CENIT AG Earnings Call Transcript

Aug 01, 2024 / 08:00AM GMT
Release Date Price: €12.8 (-4.48%)
Peter Schneck
CENIT AG - Chief Executive Officer, Member of the Management Board

Let's start, on our first half figures 2024. And I think that we have quite a good news, as you might have seen already this morning when we released the figures. As you see, we have a nice increase of 13% in revenues from EUR87 million to close to EUR100 million for the first time that by this time of the year were close to EUR100 million. And the reason is, of course, as well the acquisitions that we have done in the last year that this year are for the first time included in those figures. So this includes, of course, CCE., which we have acquired by beginning of this year. But of course, also if there are P and ABC figures of the first half year that were not included in the last year.

Now what is the other very important messages as well. We have cleaned by all kinds of acquisitions. The very strong 5% organic growth. As some of you know, I've had for quite a while a discussion with my team when I started here, whether 5% organic growth is possible or not. And the good news is now we're having the discussion

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