Corporate News from 04.12.2017
Provisional Group figures after 6 months of the 2017/2018 fiscal year:
Sales approx. €9.6 million (- 6.3%) // order volume approx. €5.9 million (-11.1%) // incoming orders approx. €9.7 million (- 16.8%)
According to provisional figures, CeoTronics AG Audio Video Data Communication (ISIN: DE0005407407), Adam-Opel-Straße 6, 63322 Rödermark, Germany, recorded Group sales of approx. €9.6 million for the first 6 months of the 2017/2018 fiscal year. Compared to the exceptionally high previous year’s sales of €10.2 million, this results in a decrease of approx. 6.3%.
The consolidated order volume as of 30 November 2017 of approx. €5.9 million fell in comparison with the previous year by approx. 11.1%. The consolidated incoming orders come to around €9.7 million and are 16.8% below the figure for the previous year.
Final, detailed six-monthly figures for the fiscal year will be published following validation, provisionally on 29 January 2018, in the 2017/2018 half-yearly annual report. A more detailed assessment with regard to the sales and profit forecast as of 31 May 2018 will also be possible at that time.
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:
“Due to various project delays, the current course of business after 6 months does not yet meet the expectations for the entire fiscal year 2017/2018. However, the current order volume and order forecast justify our optimistic outlook and we should be able to meet our sales and results objectives for 2017/2018,” reported CEO and Board spokesman Thomas H. Günther.