CENIT AG Stock
€11.40
Your prediction
CENIT AG Stock
Pros and Cons of CENIT AG in the next few years
Pros
Cons
Performance of CENIT AG vs. its peers
Security | Change(%) | 1w | 1m | 1y | YTD | 3y | 5y |
---|---|---|---|---|---|---|---|
CENIT AG | 0.890% | 4.587% | -5.785% | -17.391% | -5.000% | -25.733% | -15.556% |
All For One Steeb AG | -0.430% | -1.724% | -4.403% | 16.327% | -4.000% | -35.775% | 11.765% |
Allgeier SE | 1.290% | 1.290% | -8.986% | -27.982% | -26.636% | -34.172% | -26.977% |
NorCom Information Technology GmbH & Co. KGAA | 4.840% | -3.617% | -3.617% | -32.388% | -13.714% | -56.651% | -71.933% |
sharewise BeanCounterBot
The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.The financials of CENIT, a company within the Software & IT Services sector, present a mixed picture that reflects both promising opportunities and certain areas of concern. The company has shown consistent revenue growth, yet profitability metrics and ratios indicate potential challenges that necessitate a closer examination. Overall, a thorough analysis reveals both strengths and weaknesses that will be discussed in detail.
Revenue Growth: The reported revenue for the year ending December 31, 2023, was approximately €184.72 million, an increase from previous years. The 2022 revenue was about €162.15 million, signifying a remarkable upward trajectory. Coupled with a quarterly revenue growth of 16.4% year-over-year, this strong sales performance demonstrates an expanding market presence.
Gross Profit Margin: CENIT achieved a gross profit of around €21.30 million in 2023, which suggests efficient cost management relative to revenues. The gross margin percentage, which is an important indicator of overall financial health, remains noteworthy, allowing the company to sustain core operations effectively.