Corporate News from 04.09.2015

Group key figures according to IFRS as of May 31, 2015
Sales €17,903K (+2.6%) // Gross cash flow €837K (€ +759K) // Consolidated profit €509K (€ +1,230K) // Order backlog €6,500K (+83.0%)

In the report period between June 1, 2014, and May 31, 2015, (fiscal year 2014/2015), CeoTronics AG achieved Group sales of €17,903K (previous year €17,450K). This corresponds to a sales increase of 2.6% compared with the previous year.

The volume of orders for the Group up to May 31, 2015 increased by 83.0% to €6,500K compared to the reference date in the previous year. The order backlog at the start of the new tax year is the third highest in the 30 year history of the company.

The EBITDA for the 2014/2015 business year comes to €1,090K (previous year €131K), and the EBIT was €497K (previous year €-633K).

For the 2014/2015 business year, the consolidated profit was €509K (previous year €-721K). The return on sales in terms of the consolidated profits therefore comes to 2.8% (previous year -4.1%). The consolidated profits per share come to €0.08 after €-0.11 the previous year.

Equity capital was increased as of May 31, 2015, to €11,074K (previous year €10,917K). The equity ratio is 55.4%, following 62.4% in the previous year. The CeoTronics group continued to show very good equity capitalisation.

The gross cash flow for the 2014/2015 business year increased compared with the previous year by €759k from €78k to €837k.

The number of personnel in the CeoTronics group (incl. trainees) on May 31, 2015 was 150, the same as the previous year. According to full time equivalents (FTE), the value comes to 141 (previous year 140). The group sales per employee (according to FTE) comes to €129K (previous years € 120K).

CeoTronics AG Audio Video Data Communication (ISIN: DE0005407407), Adam-Opel Strasse 6, 63322 Rödermark, Germany, is quoted in the entry standard.

Information and explanatory notes from the issuer on this Corporate News:

With group sales of €17,903K, CeoTronics exceeded the published sales target by €403K for the first semester. The foreign percentage of sales increased by 38.7% (previous year 29.5%). The very high national sales figure as a percentage fell accordingly from 70.5% to 61.3% compared with the previous year.

The 2014/2015 business year by 121.7%. In Northern Europe, sales for the report period increased by 183.4%, and in France it increased by 44.8%. In Poland, although by a smaller amount, sales increased by 21.7%.

In the rest of Europe, sales fell, apart from a few insignificant exceptions.

CeoTronics USA once more increased its sales and exceeded the previous year‘s figure considerably by 150.7%. This also includes the export markets of CeoTronics USA. Moreover, in „other foreign countries“, sales fell by 20.8% compared with the previous year. Overall, however, sales developed very positively in the „other foreign countries“ target market.

In the 2014/2015 business year, CeoTronics achieved a positive group profit figure of €509K. Group profits were greatly affected in particular by positive currency exchange rates. Even after removal of the positive special effects, there is marked improvement in profit levels.

For the 2015/2016 business year, CeoTronics is expecting a slight drop in sales nationally because of a temporary limit to investments in send/receive systems for digital radio. In foreign countries within Europe, and in the USA and well as other foreign countries, the overall sales should increase significantly overall. So, a slight increase in group sales and positive profits are expected for the 2015/2016 business year.

For the 2016/2017 business year, an increase in sales is expected again for Germany. A further increase in sales is expected internationally. An overall increase in sales will improve the group profits further for the 2016/2017 business year.

„2014/2015 business operations indicate the the „turnaround“ announced by the board at the general assembly in November 2014 had been achieved. We will try to underpin these positive business operations in the 2015/2016 business year,“ announced the CEO and executive board spokesman, Thomas H. Günther.

More information:
CeoTronics AG
Audio Video Data Communication
Investor Relations, Adam-Opel-Straße 6, 63322 Rödermark, Germany
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