Corporate News from 01.06.2018
Sales and order volume development at the end of the 2017/2018 fiscal year (May 31, 2018)
Very high order volume of approx. €7.3 million (+25.7%) // Very positive outlook // Group sales approx. €17.6 million
In the report period between June 1, 2017, and May 31, 2018, (fiscal year 2017/2018), CeoTronics AG achieved Group sales of €17.6 million (previous year €19.7 million) according to provisional figures. The temporary fall in sales results from unforeseen delays in the awarding of contracts – especially among German federal authorities and in southern Germany.
The consolidated order volume on May 31, 2018, is approx. €7.3 million . and thus increased in comparison with the previous year (€5.8 million) by approx. 25.7%. On the key accounting date, the highest order volume since the end of the fiscal year 2010/2011 was thus recorded.
The very high order volume on May 31, 2018 and the significantly increased incoming orders over the last weeks of 2017/2018 confirm that many larger orders unfortunately reached CeoTronics too late and could thus no longer be delivered and invoiced before the key accounting date. The very high order volume will have a positive influence in the first half of the current fiscal year 2018/2019.
Final, detailed business figures will be published following validation, provisionally at the beginning of September 2018, in the 2017/2018 annual report.
CeoTronics AG Audio Video Data Communication (ISIN: DE0005407407), Adam-Opel-Straße 6, 63322 Rödermark, Germany, is listed on the Basic Board of Frankfurt Stock Exchange.
Information and explanatory notes from the issuer on this Corporate News:
“At the end of August 2017, we only considered a clear increase in sales and results to be possible from the fiscal year 2018/2019. This assessment not only remains unchanged but is confirmed by the very high order volume and the order forecast. Assuming optimum market conditions, we aim to increase Group sales to approximately €25 million by the fiscal year 2022/2023, with correspondingly high positive Group results. This would correspond to a sales increase of approx. 42% compared with the fiscal year 2017/2018,” announced CEO and Chairman of the Board, Thomas H. Günther.
Audio Video Data Communication
Investor Relations, Adam-Opel-Straße 6, 63322 Rödermark, Germany
E-mail: email@example.com, Internet: www.ceotronics.com