Corporate News from 19.04.2016
Correction of the sales and profit forecast for the fiscal year 2015/2016 (end of the fiscal year 31 May 2016)
Due to various project delays and late incoming orders, it is no longer possible from the current point of view to achieve the endeavored sales target of around €18.1 million in the approx. 6 remaining weeks of the fiscal year 2015/2016. At present, sales amounting to around €17.4 million and a negative Group profit are to be expected.
CeoTronics AG Audio Video Data Communication (ISIN: DE0005407407), Adam-Opel-Straße 6, 63322 Rödermark, Germany, is listed in the Entry Standard.
Information and explanatory notes from the issuer on this Corporate News:
“We are certain that, not only among the public but now also within politics, there is awareness that the tasks to increase internal and external security cannot be achieved with the current manning level and the current financial means of the government security and law enforcement agencies. We expect significant budget increases for the government security and law enforcement agencies. A core competency of CeoTronics is the acquisition and processing of orders for the government security and law enforcement agencies. The range of products and services offered by CeoTronics is ideal and all the prerequisites
are fulfilled to enable a positive development of the framework conditions in Germany and Europe from the fiscal year 2016/2017. As a result of sales increases, the profit will also experience a positive development and the basis for renewed dividends distribution can thus be established,” stated 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