CENIT AG Q1 2023 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Hannes Mnller - Warburg Research GmbH - Analyst : Yes, hello, Mr. Schneck. Thank you very much for taking my question. I have three questions. The first one will be regarding proprietary software. You mentioned already that it decreased year over year. And you mentioned project deferrals. So do you expect a similar effect as from Q4 versus Q1 on group level that these orders will come back to CENIT at some point this year or how do you see proprietary software going forward this year? That was the first one. Second one, maybe you could share your view on the business cycle or economic environment at the moment with -- for example, if you look at order intake in Germany, it's down 10% year over year in March, which is quite a low level. But you mentioned that CENIT, you're not as special -- well, you're not actually observing that. So maybe you could share your take on the business cycle. And the third question would be, maybe you could elaborate a bit on the negative operating cash flow development. You already mentioned some factors, but maybe you could just add some color to that. Thank you very much.

Question: Hannes Mnller - Warburg Research GmbH - Analyst : Yes, very much. Thank you very much. Unidentified Participant Thank you very much, Mr. Mnller. I'm going forward with Christoph Hoffmann. Please go ahead.