Corporate News from 02.12.2019
Provisional corporate figures after 6 months of financial year 2019/2020: Turnover approx. €10.8 million (+ 43.8%) // Order backlog approx. €23.2 million (+ 6.2%)
According to provisional figures, CeoTronics AG Audio Video Data Communication notched up group sales of approx. €10.8 million in the first half of financial year 2019/2020. Compared to the previous year, that is an increase of approx. 43.8%.
The consolidated order backlog as at 30 November 2019 amounted to approx. €23.2 million, having increased by approx. 6.2% over the extremely high level of the previous year.
Final and detailed half-year figures will be published once established, probably on 31 January 2020, together with the half-yearly financial report for 2019/2020. At that point, it will be possible to make a more precise estimate of the sales and earnings forecast for 31 May 2020.
A traditional core competence of CeoTronics lies in the successful acquisition and processing of orders placed by national security and law enforcement agencies. As a result of the increase in the share of sales accounted for by national security and law enforcement agencies, dependence on economy activity that may be weakening more quickly has decreased.
The threat posed by terrorism and organised crime continues. Accordingly, the national security and law enforcement agencies also have to upgrade in terms of personal technical equipment in order to strengthen internal and external security.
“The new CeoTronics products, such as the CT-MultiPTT 3C and CT-MultiPTT 1C, were developed for special forces deployments of the police and the military. We had the right product portfolio available at the right time and expect further large orders to come in. The liquidation of the investment backlog built up over decades in the national security and law enforcement agencies, as well as new investments required by additional and changed challenges, will keep us busy for years to come. Accordingly, we estimate the future business development of CeoTronics in very positive terms as well,” said CEO Thomas H. Günther.
CeoTronics AG Audio Video Data Communication (ISIN: DE0005407407), Adam-Opel-Straße 6, 63322 Rödermark, Germany, is listed on the Basic Board of the Frankfurt Stock Exchange.