Corporate News from 02.06.2020
Sales and order backlog development at the end of the 2019/2020 fiscal year (May 31, 2020):
Group sales approx. € 24.4 million (approx. + 44%) // Order backlog approx. € 22.7 million // positive outlook
According to previous figures, CeoTronics AG Audio Video Data Communication generated consolidated revenues of approximately € 24.4 million in the reporting period from June 1, 2019 to May 31, 2020. This means that CeoTronics AG exceeded its revenue forecast by approximately €1.4 million and achieved the highest revenues in its history.
The consolidated order backlog as of May 31, 2020 changed by approximately -13% to approximately € 22.7 million, compared with the record level of the previous year (+ 259%). The average order backlog of the last five fiscal years (as of May 31 each year) amounts to € 10.2 million.
Final and detailed figures for the 2019/2020 financial year will be published with the 2019/2020 annual report once they have been established, probably at the beginning of September 2020.
„The last two fiscal years have been very positive and the current order backlog and order forecast also give us a positive outlook for the future,“ announced Thomas H. Günther, member of the Management Board.