"In the 2022/23 fiscal year, CeoTronics increased its revenue to a new record level for the fourth year in a row, exceeding €30 million for the first time. Many of the Group's earning indicators and turnover increased once again compared to the previous year's positive performance. We once again achieved and in some cases exceeded all of our goals for the Group fiscal year 2022/23.

It was not expected that the lull in incoming orders would last so long in the year 2023. The federal budget freeze of 20 Nov. 2023 dampened the slow resolution of the order intake slump at the end of the financial half-year 2023/24.

Due to the renewed delays in the desired order placement processes ("revenue shifts"), consolidated revenue of around € 28-29 million and a still clearly positive result are currently expected for the 2023/24 financial year.

We are convinced that the investment backlog to increase internal and external security will be resolved and that incoming orders and the order backlog will reach significantly higher levels by 31 May 2024. This will enable us to substantiate our very positive outlook for the following financial years." 05.12.2023

Thomas H. Günther, Chairman of the Management Board, CEO
Dr.-Ing. Björn Schölling, Chief Technology Officer, CTO