Air travel around the world is slowly recovering.
The Stuttgart-based software and consulting company Cenit AG also benefits from this.
Because in the vast majority of aircraft, a part is installed that was manufactured using a machine that uses software from the Swabians.
In the long term, the listed company wants to be included in the Tec-Dax.
This goal is set by the anchor shareholder, Primepulse SE from Munich.
The investment company, which invests in technology-oriented companies, now holds 25.1 percent in Cenit.
In the past, she gradually increased her shares.
The Swabian share price has increased in recent months.
It started at EUR 13.65 at the beginning of the year and is currently EUR 16.50.
Half of the financial analysts listed by the Bloomberg financial news agency recommend holding or buying the share certificate.
They predicted a price of between 16 and 19 euros in the next twelve months.
Cenit went public at the time of the Neuer Markt and is one of the few companies that survived its decline.
The new CEO Peter Schneck, who replaced Kurt Bengel when he retired, must now implement the long-term Tec-Dax plan.
The self-imposed goals are high.
By 2025, sales are to be doubled from around 150 to 300 million euros with an EBIT margin of 8 to 10 percent.
Another important aspect of the project is more sales with our own software solutions.
Their share of sales should increase to more than 10 percent, as can be seen from the company's presentation of the half-year figures.
Schneck emphasized: "With this goal achievement, we will then focus more firmly on the Tec-Dax goal."
One of the company's commitments is product lifecycle management (PLM) software: a concept that integrates all the information generated throughout a product's lifecycle, from initial design, engineering and production to after-sales service, maintenance and... of maintenance.
In many areas, the Stuttgart-based company works together with other software manufacturers.
In addition to the aviation industry, automotive and mechanical engineering are also among the company's core sectors.
Analysts continue to recommend buying the paper
The medium-sized company is currently also benefiting from the upheaval among car manufacturers.
Schneck said this has enabled additional business in the short and medium term.
The manufacturers and their suppliers are in the process of switching to hybrid or alternative and, of course, electric drives.
"These new vehicle series require additional licenses in the PLM area in order to be able to quickly simulate new series and plan for production." Furthermore, in addition to the existing customers, new customers could be won who took the opportunity to enter new vehicle concepts.
At the same time, according to von Schneck, business with armaments manufacturers has expanded as a result of the Ukraine war.
Cenit's sales increased by 6.2 percent to EUR 73.91 million in the first half of the year.
Earnings before interest and taxes (EBIT) rose by almost a fifth to EUR 1.12 million and the EBIT margin improved slightly from 1.3 to 1.5 percent.
At the same time, the software and consulting company confirmed its forecast.
For the current financial year, sales of around 170 million euros and an EBIT of around 9 million euros are expected.
The equity ratio is currently 31.9 percent and the free float is 65.3 percent.
The focus of the company's business is currently in France, Germany, Austria and Switzerland.
There is still enormous potential to catch up, said Schneck.
Asia plays a subordinate role.
In China, one is represented by a subsidiary and a team of nine employees, said Schneck.
They worked in particular on the robotics market there: "However, we will not and do not want to focus heavily on the Chinese market."
The company employed almost 900 people at the end of June.
The Warburg analysis house recommends holding the share and assumes a price of EUR 17.70.
The analysts at GBC AG continue to recommend buying the paper and set a target price of EUR 20 after previously EUR 20.05.
The price-earnings ratio (P/E) is 21. As a rule, securities that are expected to show strong growth have a high P/E ratio.